Weekly Market Review (27 May 2019)
Weekly Market Review (27 May 2019)

Weekly Market Review (27 May 2019)

  • Major markets closed mostly mixed last week amid the trade tension between US and China. The DJI eased marginally by 94.2 points or 0.37% lower to 25,585.69. The DJI slid for the fifth straight week, its longest streak since 2011.
  • The local bourse also ended lower with the FBM KLCI losing 5.4 points or 0.34% to close the week at 1,598.32. Weekly foreign funds outflow continues totalling RM383m pushing YTD net outflow to over RM4.8bn.
  • Performance amongst the FBMKLCI components saw 16 losers to 11 gainers. Top 3 performers include SIME (+1.38%), AXIATA (+1.37%) and IOI Corp (+0.95%) while the top 3 losers were RHB (-3.91%), SIMEPLT (-3.21%) and GENTING (-1.57%).