Daily Market Report (28 Nov 2019)
Fri, Nov 29, 2019 10:37 AM
- Equities market is expected to remain volatile regionally. Nonetheless we expect foreign funds to eye at emerging markets mainly due to prevailing bloated valuations on Wall Street and are hopeful that Asia would be their preferred destination.
- On the forex front, we noticed that the Ringgit has also been rather volatile oscillating between 4.12 to 4.17 per USD over the past month suggesting year end re-alignments of funds for the coming calendar year.
- On the local front, we continue to anticipate nibblings on local stocks and see the FBM KLCI to nudge closer to the 1,590 level
