Daily Market Report (1 July 2020)
Daily Market Report (1 July 2020)

Daily Market Report (1 July 2020)

  • The momentum rally continues on Wall Street as equities were broadly higher despite the resurgence of Covid-19 cases in the US.
  • The DJI Average gained 217 points to close just below the 26,000 mark.
  • Therefore, we reckon the regional market should be mixed today following a solid performance yesterday as market volatility is heightened.
  • On the domestic front, we expect the FBM KLCI to remain stubborn at above the 1,500-level backed by local buying support with 1,510 as the immediate resistance.