Daily Market Report (2 Oct 2020)
- Wall Street was mixed as the authorities failed to finalise the stimulus package as many had hope for.
- Though the DJI Average closed flat at 27,817 up a mere 35 points, tech heavy Nasdaq jumped by 159 points to almost the 11,130 mark.
- In view of this, we expect regional markets to be rather mixed today with the lack of fresh leads.
- Locally, the FBM KLCI which succumbed to some selling pressure due to the uncertainty on the political front and rising Covid-19 cases is expected to be listless today.
- We reckon the index to possibly trend within the 1,500/1,510 range today.
