Weekly Market Review (7 Oct 2019)
- Major stock markets finished in negative territory last week following the tariff imposed by US on the USD7.5bn EU imports while economic data also showing signs of economic slowdown.
- The Dow Jones Industrial Average Index tumbled 343.1 points to 26,573.7. China stock markets were closed since 1 Oct due to National Day Golden Week. In local market, the FBM KLCI lost 1.7% to 1,557.7.
- Weekly foreign funds continued to be in negative, posted net outflow of RM769m with year-to-date net outflow of RM8.7bn. Losers of 22 outnumbered 5 gainers in KLCI last week.
- Top 3 performers include SIME (+1.78%), GENM (+1.32%) and PETGAS (+0.73%) while the 3 losers were KLK (-7.97%), AMMB (-4.11%) and PBBANK (-3.98%).
