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 1.1% to end at 1473 points, continuing the rally this week. Markets were mixed in Asia, as they await the press conference by Trump on the United States’ stance on China’s national security law. To note, the Philippines stock market advanced 4.8% today, while Hong Kong (-0.7%) and Japan )-0.2%) retreated. The United States market were down 0.6%, ending its bullish run this week. 

Trump has announced that he will have a press conference later today to address the national security law in China. I am expecting him to ramp up the tensions between the United States and China, as election season looms. In the Philippines, a combination of looser reserve requirements for banks and the easing of lockdowns led to a rally in the stock 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 (105.1%), Padini (20.7%), Cahya Mata Sarawak(41.7%), Gamuda (18.9%) and DKSH(17.9%). To date, the portfolio of companies I am keeping track on have improved to 13.8% return (28 May 2020: 11.1%). You can have a look at the companies I am keeping track on in the Google Excel sheet here or the table below.