Weekly Market Review (23 Sept 2019)
- Major stock markets ended in negative territory last week, except for Indonesia’s JCI which posted a weekly gain of 0.2%. Hong Kong’s Hang Seng Index dropped 688.9 points to 26,447 level weighed down by the ongoing protest.
- Brent crude oil price finished at USD64.3/bb lifted by the Middle East tension. Locally, the FBM KLCI lost 0.43% or 6.9 points to 1,597.4. Weekly foreign funds turned negative to RM249.3m of net outflow.
- Performance amongst the FBMKLCI components saw 9 gainers to 20 losers. Top 3 performers include AMBANK (+2.68%), AIRPORT (+2.22%) and PETGAS (+1.22%) while the 3 losers were GENM (-4.69%), KLK (-2.21%) and HLFG (-2.18%).
