Daily Market Report (14 Jan 2021)
- Wall Street were mixed amid recent record run as traders remain sidelined. The DJI Average closed flat at 30,060 with the tech heavy Nasdaq closed 56 points higher at almost the 13,130 mark.
- As a result, we reckon regional markets to continue to be mixed. Domestically, we expect the FBM KLCI to trend at a narrow range along the 1,630/40 range today due to the lack of catalysts.
- Yesterday’s strong buying on banks stocks could be a sign that foreign funds may be trickling into the local bourse following an inflow of around RM750m since 7th January.
- Meanwhile, we remain positive on heighten trading activities amongst the smaller caps today.
