Daily Market Report (15 October 2021)
- Sentiments on Wall Street improved buoyed by better than expected earnings reported so far for the 3Q.
- The DJI Average 535 points to almost the 35,000 mark while the Nasdaq jumped by 252 points.
- In view of this, regional markets are seen to trend higher today.
- As for the local bourse, yesterday’s decline can be due to some profit taking activities but we reckon market undertone remains steady.
- Therefore, we believe the FBM KLCI to possibly stage a mild rebound today and expect the index to trend within the 1,590-1,600 range today.
