Daily Market Report (23 Nov 2020)
Mon, Nov 23, 2020 7:58 AM
- U.S. major indices ended in the negative territory last Friday as the rising coronavirus cases is casting doubts on strength of the economic recovery.
- Regional markets are likely to be on mixed tone mirroring performance of U.S. markets last Friday.
- On local front, last Friday saw bargain hunting on battered down glove companies due to surging numbers of global coronavirus cases which anchored the recovery of the KLCI to close higher.
- As such, we may see follow through buying on healthcare related, personal protective equipment related stocks today.
- Meanwhile, Brent crude oil price ended near USD45 and gained over 5% last week hence investors should start to take position on the oil and gas related stocks as well.
Download
