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 advanced by 1.0% to end at 1452 points, erasing losses from last Friday. Most markets in Asia were up with the exception of Singapore (-0.4%) and Hong Kong (-0.4%). Over in the western economies, the United States market was up considerably by 2.2%, while Germany was up by 1.0%. 

Most markets today were trading on an upward trend because of news on Novavax’s Covid-19 vaccine. The company is primed to begin human testing in July 2020. The Dow Jones (United States Market) traded higher as states begin reopening the economies. This also comes on the back of better-than-expected consumer confidence index, and home sales data. All of these point towards better conditions ahead for the global economy for investors in the market.

For the Malaysian companies I am keeping track, most of them are still up. The best performing companies in terms of share price are Lotte Chemical Titan (64.4%), Padini (35.0%) and Cahya Mata Sarawak(25.0%). To date, the portfolio of companies I am keeping track on have improved to 10.3% return (20 May 2020: 10.1%). You can have a look at the companies I am keeping track on in the Google Excel sheet here or the table below.