Daily Market Report (18 June 2020)
- Profit taking activities emerged following the strong uptrend on Wall Street over the last few days. The DJI Average lost 170 points to remain above the 26,100 mark yesterday.
- With the consolidation still very much intact, we reckon regional markets to be mixed today amid no clear catalyst.
- Locally, we expect the FBM KLCI to experience some profit taking as well after yesterday’s strong closing. Hence, we see the benchmark index to oscillate within a range of between 1,520-1,530 range today.
