Daily Market Report (14 July 2020)
- Wall Street finally heeded the severity of Covid-19 in the US as California is reinstating another lockdown.
- As such, the DJI which was up by over 560 points at one time closed flat at just above the 26,000 mark from heavy late session selling.
- In view of the situation in the US, regional equities may see some profit taking activities today.
- With regards to the local bourse, the FBM KLCI which closed on a 6-month high yesterday may experience some reversal today with the 1,600 level see as the immediate support.
