Daily Market Report (01 Oct 2020)
- Wall Street ended higher amid some volatility as the authorities are still trashing out the potential pandemic stimulus package in the US. The DJI Average gained almost 330 points to close just below the 27,800 level.
- In view of a more positive opening of the DJI futures, we reckon regional markets to trend higher today following a rather listless performance yesterday.
- As for the local bourse, we expect the FBM KLCI test the 1,510 mark after a few close calls yesterday. Based on our seasonal readings, 4Q is usually a better period for equities than the 3Q.
