Weekly Market Review (21 May 2019)

  • Major markets ended on negative territory last week following the escalating trade tension between US and China. The major Asian markets declined while the Dow Jones Industrial Average index advanced 1.7% or 439 points. Meanwhile, the FBM KLCI closed 0.27% higher to end the week at 1,605.36 points.
  • Weekly foreign funds flow continued with RM1.18bn net outflow pushing YTD outflow to over RM4.49bn. Performance amongst the FBMKLCI components saw 14 gainers to 13 losers.
  • Top 3 performers include DIALOG (+7.14%), TOP GLOVE (+5.78%) and HARTA (+5.59%) while the top 3 losers were SIMEPLT (-4.68%), AIRPORTS (-1.90%) and MISC (-1.65%).