Daily Market Report ( 25 November 2021)

  • Sentiments on Wall Street turned cautious as US equities ended mixed amid inflationary concerns.
  • The DJI Average closed flat as the Nasdaq rebounded 70 points higher to above the 15,800 level following a slight decline in the 10-year Treasury yield to around the 1.65% mark.
  • On the home front, the FBM KLCI closed flat after some bargain hunting activities during the earlier session.
  • We reckon similar patter for today as sentiments may tuned slightly positive following the opening of VTL (vaccinated travel lanes) between Malaysia and Singapore today.
  • For today, we expect the index to trend within a tight range of between 1,520-1,530 again.
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