Daily Market Report (18 Sept 2020)
Fri, Sep 18, 2020 8:16 AM
- Wall Street slid lower from mixed news over potential vaccine and further financial stimulus.
- The DJI Average which shed almost 380 points at one time recovered to close at the 27,900 level or 130 points lower.
- For today, we expect regional markets to be flattish following yesterday’s broad-based sell-down.
- On the local front, we believe the FBM KLCI to see some resistance around the 1,520 level with immediate support at the 1,500 mark.
- Meanwhile, CPO prices has breached RM3,000/mt thus we expect to see buying interests returning back on the planters.
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