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.