Daily Market Report (15 Apr 2020)
Wed, Apr 15, 2020 8:22 AM
- Wall Street seems to be in a self-denial mode as stocks surged yesterday as if the situation over in the US is improving. The DJI Average settle just below the 24,000 mark.
- Meanwhile, in a blatant attempt to deflect his blunders, Mr Trump is blaming the WHO for the surge in Covid-19 cases in the US further illustrating the dire situation in the US.
- Meanwhile, we reckon regional markets to see limited upside today following some solid performances over the last few sessions.
- Locally, we expect upside to continue today but may be impeded by profit taking activities along the way.
- Therefore, we would expect to see the FBM KLCI to possibly test the 1,380 mark and close around the 1,370/75 level today.
