Daily Market Report (21 Sept 2020)
Mon, Sep 21, 2020 8:35 AM
- Wall Street declined across the board as investors continued with their unloading of big tech names in the wake of the US/China tension over the imminent ban on both Tik-Tok and Wechat.
- As such, the DJI Average lost 244 points to close the week at the 27,650 level. With the US futures currently flat, we expect the same for the regional markets from the lack of direction.
- Locally, we see the FBM KLCI to possibly trend within the 1,500/20 range today.
- Again, we advocate investors to look at the Plantation sector as the CPO prices had breached the RM3,100/mt level.
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