Daily Market Report (10 March 2020)
- Another day, another potential bloodbath. Following the steep fall on Wall Street overnight, we expect regional markets to experience another selling-down today.
- The domino effect has already started as investors sentiments is now even more jittery.
- Locally, notwithstanding the new Cabinet announced yesterday we believe the unloading of equities to persist.
- As such, we reckon the FBM KLCI to break the 1,400 level today with the next support at the 1,380/90 levels.
