Daily Market Report (20 Oct 2020)
- US markets closed lower on the stimulus plans uncertainty as the election date draws near, notwithstanding stronger economic numbers from China.
- However, Dow Jones Futures has rebounded hence regional markets sentiment should improve from overnight weakness in US markets on the more upbeat China’s economic numbers.
- On our local front, we expect continued interest in the broader market as trading volume continue to improve as gloves, mask and healthcare related stocks would still be in focus as our Covid-19 numbers continues to rise and more people work from home.
- Hence, we advocate investors to take positions and ride the trend.
