Weekly Market Review (3 June 2019)
- Major markets closed mixed last week amid the continuing trade tension between the US and China. The DJI slumped 2.1% or 533 points to close the week below the 25,000 mark at 24,815.04.
- The local bourse reversed its recent weakness to end the week on a positive note due to some portfolio realignment especially from the foreign funds.
- The FBM KLCI gained 3.09% or 49.41 points to 1,650.76. Finally, foreign funds flow turned positive of RM48.81m to halt YTD net outflow to RM4.82bn. Performance amongst the FBMKLCI components saw 27 gainers to 3 losers.
- Top 3 performers include TNB (+11.8%), Pet Gas (+8.6%) and Digi (+6.0%) while the top 3 losers were PChem (-3.14%), HLB (-1.35%) and SIMEPLT (-1.06%).
