Daily Market Report (2 July 2020)
- Stocks on Wall Street were rather mixed yesterday on hopes of a new vaccine amid a potential 2nd Covid-19 wave hitting the US again.
- Therefore, despite the DJI Average ended weaker to around 25,700 or almost 80 points lower, the tech heavy Nasdaq closed on another record high.
- As such we reckon regional markets to remain volatile and mixed today.
- On the local front, we expect the FBM KLCI to possibly see some profit taking today as the benchmark index to be rather flat trending between the 1,510-1,515 range following yesterday’s solid showing.
