Daily Market Report (21 Nov 2019)
Thu, Nov 21, 2019 9:22 AM
- News on the “phase one” trade deal between China and US may have hit a snag and dampened sentiments with the Dow Jones taking a hit notwithstanding on-going 3Q results has been generally good.
- This is compounded by US senate passing of bill supporting Hong Kong’s protest which is widely seen as interfering with China’s affairs. Global markets movement is expected to be focused on the headline news.
- On our local front, the FBM KLCI continues to hover at the support level at 1,600 and will continue to see rotational play among the small mid cap stocks.
