Weekly Market Review (17 June 2019)
- Regional markets closed mixed last week on the back of on-going trade tension between the US and China. The DJI continued its positive close rising 0.1% or 26.93 to 26,089.61 with markets expecting the Feds to ease before year end.
- The local bourse FBM KLCI succumbed to profit taking after rallying to 1,650 points and have since lost 1.02% or 16.84 points for the week to 1,638.63.
- Foreign funds have turned negative again after a week of positive inflow. Performance amongst the FBMKLCI components saw 19 losers to 8 gainers.
- Top 3 performers include AIRPORTS (+3.94%), Sime Plantation (+1.97%) and MISC (+15.7%) while the top 3 losers were TNB (-4.55%), P Metal (-4.24%) and IOI (-3.02%).