Daily Market Report (15 Oct 2019)
Tue, Oct 15, 2019 9:42 AM
- Investing climate remains jittery as sentiments are now dictated by expectations of the US/China trade discussion outcome. With the situation still fluid, we believe regional markets to remain stuck in a realm of extreme volatility.
- Meanwhile amid the geopolitical tension, tanker rates have had surged to a multi-year high with demand vastly outstrip supply for very large tankers.
- Whether such a scenario would persist remains to be seen but we reckon MISC should be entering a boom year. As for the FBM KLCI, we anticipate some selling to emerge today with the 1,560 as the psychological support level.
