Daily Market Report (25 Sept 2019)
Wed, Sep 25, 2019 9:10 AM
- Funds continued with their exodus from equities as investors are heading for safer haven like Treasuries. As a result, the US 10-year yield had declined to 1.65% from above the 1.90% level only 2 weeks ago.
- If this persists, the 10-year yield may re-test the 1.50% threshold anytime soon. Domestically, there are murmurings that Budget 2020 may look to lowering corporate tax which will be a solid booster if true.
- We expect it will be another nonchalant trading day with the FBM KLCI to trend between the 1,585 and 1,595 range as regional bourses are seen to weaken today.