Daily Market Report (13 April 2021)
Daily Market Report (13 April 2021)

Daily Market Report (13 April 2021)

  • Wall Street closed mostly weaker as traders were sidelined ahead of corporate earnings for the first quarter and inflation data.
  • All 3 major indices closed marginally lower with the DJI Average down 55 points to 33,745.
  • Therefore, we reckon trading on regional markets to be rather mixed today.
  • As for the local bourse, we believe the FBM KLCI to remain stuck within a narrow range today as we enter into the fasting month.
  • With the lack of buying catalysts and that trading activities expected to be quiet, we anticipate the index to hover within the 1,600-1,610 today.
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