Daily Market Report (24 June 2021)
- Another day, another yo-yo session on Wall Street as US equities ended lower on some profit taking activities.
- The DJI Average lost 71 points to close just below the 33,900 level while the Nasdaq inched up 18 points to the 14,270 mark.
- On the back of such volatile landscape, we expect regional markets to see some mixed reactions today.
- Domestically, the FBM KLCI performance was again disappointing yesterday.
- However, we are adamant that some bargain hunting may emerge thus anticipate the index to hover within the 1,565-1,575 range today.
- Meanwhile, Brent crude oil surpassed US$75/barrel on hopes of global economic recovery.
