Daily Market Report (22 Jul 2020)
- Wall Street was rather mixed overnight as investors are hoping for new stimulus package in the US.
- The DJI Average broke the 27,000 level during early session before profit taking sets in thus pulling the index back to 26,840 or 160 points higher.
- In line with this, we believe regional markets to be mixed today after a solid performance yesterday.
- Locally, the FBM KLCI is expected to break the 1,600 mark today as buying momentum is not relenting anytime soon.
