Daily Market Report (22 Oct 2020)
- US markets remained volatile as the discussions on the stimulus plans continues while the election in the final leg. Dow Jones, S&P and Nasdaq were marginally lower after moving between positive and negative territory.
- US futures remained lower hence regional markets sentiment is likely to be cautious on the weakness in US markets.
- Back to our local market, we expect bargain hunting to bring the KLCI back to the 1,500 level. Hence, we advocate investorsto buy the dips and position themselves and focus on the healthcare, glove, mask PPE related stocks and small mid cap stocks.
