Daily Market Report (18 May 2020)
- Wall Street again staged a late revival to close on a positive note with hopes of a speedy recovery for the US economy.
- We reckon such trading pattern on Wall Street should add plenty of volatility to regional markets amid the growing pandemic.
- On the domestic front, the FBM KLCI continued with the rather strong showing as the benchmark index closed again higher.
- For today, we believe the FBM KLCI to take cue from its regional peers thus may see the index tending on a tight range of between 1,390-1,410.
