Daily Market Report (11 Sept 2019)
Wed, Sep 11, 2019 8:51 AM
- The US 10-year Treasury yield rebounded to a high of 1.73% having touched a low of 1.45% only a week ago. Such volatility on the yields has been rarely seen suggesting more market volatility ahead within the financial markets.
- Meanwhile, we are indeed dismayed with the breakdown of the potential merger between Telenor and Axiata as this will put additional pressure on the local markets which is in dire need of some solid catalysts.
- As a result, foreign investors have been shunning the local bourse despite trading at reasonable valuations currently. Year to date, net foreign outflow remains persistent totalling RM7.4bn thus far.
