Daily Market Report (24 June 2020)

  • Wall Street was up again citing economic recovery and potential additional stimulus.
  • The DJI Average gained 130 points to almost the 26,160 mark whilst the Nasdaq continue with its record-breaking run.
  • As for the regional equities, we reckon prevailing consolidation to continue today having closed firmer yesterday.
  • On the local front, we expect the FBM KLCI to possibly test the 1,515 level having rebounded from below 1,500 mark yesterday due to some late buying activities.