Daily Market Report (2 Dec 2019)
- The FBM KLCI broke all immediate support levels last Friday following what we suspected were rather drastic selling from the foreign funds.
- Amid prevailing uncertainties over the US China trade talk, regional weaknesses and fresh portfolio realignments amongst the foreign funds we reckon the local bourse may continue to experience volatility ahead.
- Nonetheless, we anticipate there to be some bargain hunting activities today hence may see the FBM KLCI to trend higher with immediate resistance at the 1,570 mark.
