Weekly Market Review (22 July 2019)
- Regional markets were mixed with US markets taking a breather following their record high closing on the back of rate cut expectations after dovish comments by the Feds. The DJI eased 0.75% or 205 points to 27,154.20.
- The FBM KLCI remain on profit taking mode easing 14.2 points for the week to 1,658.19. Foreign funds flow was slightly negative for the week with RM6.92m net outflow.
- Performance amongst the FBMKLCI components saw gainer 18 losers to 9 gainers. Top 3 performers include PMETAL (+2.08), DIALOG (+2.03%) and CIMB (+1.16%) while the 3 losers were PCHEM (-6.58%), SIMEPLT (-3.71%) and AIRPORT (-2.49%).
