Daily Market Report (27 Nov 2019)
Wed, Nov 27, 2019 8:51 AM
- Though Wall Street remains on record levels, movements are still dictated by speculation over the ongoing trade talk between the US and China. Therefore, we believe global markets to remain stuck in prevailing volatile phase.
- On the domestic front, following two consecutive sell-downs due to foreign funds outflow we reckon the FBM KLCI to stage a rebound today to cross over the 1,590 mark.
- Expect to see some buying interests to return on plantations stocks where CPO prices is still stubbornly above the RM2,600 level plus some Petronas related companies that have been sold down recently.
