Weekly Market Review (20 Jan 2020)
- Major global indices ended higher last week. Dow Jones Industrial Average Index marked a fresh record high, hitting above the 29,000 level.
- The index finished 441 points higher to 29,348.1 last week. On local front, FBM KLCI rose 11.1 points to 1,595.8 as the index was mainly boosted by AXIATA following the news on merger talk with Telenor.
- Weekly foreign funds were positive, posted net inflow of RM320.8m with year-to-date net inflow of RM494.9m.
- There were 15 gainers versus 14 gainers in FBM KLCI last week. The performers were AXIATA (+10.05%). PETDAG (+5.97%) and PMETAL (+4.66%). Top 3 losers were SIMEPLANT (-2.03%), HLFG (-1.75%) and DIALOG (-1.45%).
