Disclaimer: This research should be used purely for informational purposes and is my own personal opinion. I bear no responsibility to whatever investment decisions taken by anyone with regards to this research.

The Kuala Lumpur Composite Index (KLCI) today declined by 0.9% to1,370 points, compared to an unchanged market yesteday. Top losers are HEIM Industries (-RM0.7), Nestle (-RM0.6), Carlsberg (-RM-0.6), Petronas Dagangan (-RM0.5), and LPI Capital (-RM0.2). 

After 2 days of unchanged market levels, it declined today as investors priced in the extension of the MCO for another 2 weeks. This marks a full 2 months of lockdown for the Malaysian economy, with considerable implications for broad economic activities. While the Covid-19 infection rate has been steadily declining, there are still fears that a reopening of the economy at this stage will infect more people. 

For the Malaysian companies I am keeping track with a Buy call, most of them are still up. The best performing companies in terms of share price are Lotte Chemical Titan (28.9%), Padini (12.8%) and Bermaz Auto (12.9%). To date, the portfolio of companies I am keeping track on have moderated to 4.9% return (23 April 2019: 5.3%). You can have a look at the companies I am keeping track on in the Google Excel sheet here or the table below.