Weekly Market Review (24 June 2019)
Mon, Jun 24, 2019 2:20 PM
- Regional markets were all positive with the expectation of a US rate cut and the much anticipated upcoming G20 meeting between Trump and Xi on the on-going trade tension between both US and China. The DJI continued its positive close surging 2.3% or 606.6 points to 26,719.13.
- The local bourse FBM KLCI continued its fine run rising 43.8 points for the week to 1,682.23. Foreign funds were net positive for the week with 28.21m inflow. Performance amongst the FBMKLCI components saw overwhelming gainer with 25 to 3 losers.
- Top 3 performers include TNB (+9.11), Genting (+7.52%) and Axiata (+7.22%) while the only 3 losers were CIMB (-0.38%), Maybank (-0.22%) and KLK (-0.08%).
