Daily Market Report (18 March 2020)
- Wall Street rebounded rather strongly overnight following news of a huge injection of liquidity by the Feds. Nonetheless, we remain unconvinced if this a solution to the prevailing market situations.
- Though we can expect some rebound today, we would prefer to stay cautious and again advocate to sell into strength.
- Locally we anticipate the FBM KLCI to possibly retest the 1,280 level today with the support seen at 1,250.
