Daily Market Report (23 Sept 2020)
Wed, Sep 23, 2020 8:20 AM
- Wall Street staged a technical rebound yesterday as buyers emerged in droves amidst the Feds call to support the US economy indefinitely.
- The DJI Average gained 140 points to close at almost the 27,300 level while the Nasdaq inched closer to the 11,000 threshold.
- In view of this, we reckon regional markets to trend higher today after days of decline. Locally, we expect the FBM KLCI to maintain its upward momentum having performed solidly yesterday.
- Hence, we believe the benchmark index to test the 1,510 mark today after which the 1,520 would be the immediate resistance level.
Download
