Morning Market Brief 17th January 2019

Trading Expectation:
Foreign investors continue to be dominant in the market which is expected to hold with trading in the main index counters holding onto the buying side. We note that there is demand from the local and foreign investors mainly on the index counters with lacking supply to match. This could see the counters’ prices hold at current levels or edge up slightly till the end of the week. We anticipate a steady but slow uptrend in the market to continue¬†as 1Q19 unfolds.

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by Genghis Research