Daily Market Report (1 June 2021)
- Wall Street was closed for Memorial Day yesterday and a look at its futures are showing flattish trading ahead.
- As such, we reckon trading for regional markets to remain rather mixed today.
- On the home front, following a knee jerk reaction yesterday due to a full lockdown, we believe there should be a rebound today.
- Thus, we expect the FBM KLCI to possibly trend within the 1,590-1,600 range today.
- It is also interesting to note that foreign funds remain as net buyers on the local equities over the past week.
