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 1490 points, continuing the rally from last week. Markets were up in Asia, especially Hong Kong (+3.4%), Singapore (+1.7%), Philippines (+1.6%) and Thailand (+1.2%). Meanwhile, in the West, the US market was largely unchanged at -0.1%, while Germany was down by 1.6%.

Markets in Asia reacted positively to Trump’s press conference, as they viewed his action of stopping short of imposing sanctions or tariffs on China as positive. However, investors expect the ongoing riots in US cities to pull the market down when the US market opens today. In Singapore, the government is looking to reopen its economy back gradually in 3 phases. It does seem that the Covid-19 concerns are not in everyone’s minds right now, as investors are focused on the light at the end of the tunnel.

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 (98.3%), Padini (21.2%), Cahya Mata Sarawak(31.7%), Gamuda (18.9%) and DKSH(13.8%). To date, the portfolio of companies I am keeping track on have moderated to 12.3% return (29 May 2020: 13.8%). You can have a look at the companies I am keeping track on in the Google Excel sheet here or the table below.