Daily Market Report (19 Nov 2019)
- In tandem with regional uptrend, the FBM KLCI breached the dreaded 1,600 mark again amid some window dressing activities.
- We believe the benchmark index to trend at higher grounds today with the 1,610 as the immediate resistance level.
- With liquidity pouring into the blue chips, we reckon the small cap space should also benefit and continue with its upward momentum.
- Amongst others, our current favourite small caps are Kelington, RCE Cap, Vertice, LYC Healthcare and Bahvest.