Daily Market Report (1 Aug 2019)
- Though the quantum of revision is very much expected, the less than dovish comments from the Feds following a 25bps rate cut may not be too positive for the equity markets.
- Nonetheless, the markets have already imputed such impact thus may consolidate further in the absence of any fresh catalysts.
- Yesterday the local bourse saw a net foreign outflow of RM339m.
