Daily Market Report (23 March 2020)
- We believe many is still underestimating the impact from Covid-19 as we are near to a global lockdown.
- As expected, Wall Street succumbed to more selling and closed almost 1,000 points lower last Friday.
- As a result, we would expect regional markets to remain volatile with some downside bias today.
- Though the FBM KLCI was up rather impressively last week, we would expect some selling pressure today with immediate support at 1,250 thereafter at the 1,220 mark.
