Daily Market Report (14 Sept 2021)
- US equities rebounded amid a mixed session on hopes that the receding Covid cases in the US may see a swift reopening of the economy.
- The DJI Average jumped 262 points to almost 34,900 while Nasdaq was flat.
- In view of this, we reckon regional markets to see some improvements today following weak show yesterday.
- On the home front, the FBM KLCI remained on consolidation mode, but we expect there to be some bargain hunting activities to emerge today.
- Sustained buying support from foreign funds should see the benchmark index to be well supported at current levels.
- For today, we anticipate the FBM KLCI to hover between the 1,570-1,580 range today.
