Daily Market Report (13 Jan 2020)
- It is going to be a rather bewildering week as we are bombarded by a slew of mixed messages across the region. Over the last few days, we have the middle east tension, the possible US China trade truce, the volcano eruption in the Philippines plus the just concluded election in Taiwan.
- As such, we reckon regional markets to remain confused and stay flattish today. Locally, the FBM KLCI is expected to trend within a narrow range of between 1,590/95 range until clearer picture arises.
- Meanwhile, as the US is entering into results season, any below par performance may instigate profit taking activities following the record-breaking uptrend recently on Wall Street.
