Daily Market Report (20 Nov 2020)

  • U.S. markets rebounded to close marginally higher with three of the major stock indices ended in positive territory overnight.
  • Regional markets sentiments are expected to be cautious as U.S. futures were lower after news on the clash of stimulus plan between US Treasury and Federal Reserves.
  • On our local market, we may see bargain hunting and rotational play as the vaccine news and Covid-19 numbers continue to rise.
  • Oil & gas related stocks may see renewed interest as brent crude oil has rose to 11-week high. Recent financial results of plantation stocks showing strong growth is also the sector to watch for trading opportunities.