Daily Market Report (25 Sept 2020)
Fri, Sep 25, 2020 8:29 AM
- Wall Street closed marginally higher as it attempts to stage a strong rebound from its recent correction as news of fresh stimulus plans of US2.4 trillion is back on negotiation albeit at a lower amount.
- The Dow Jones closed 0.2% higher to 26,763.13 level while the Nasdaq recovered from an early tumble to inch up 0.37% at 10,672.27 while the S&P 500 is up 0.3% to 3,246.59.
- Regional markets are likely to follow the stronger close in US markets.
- Back on our local front, KLCI is expected to see positive bias with support level at 1,500 with possible window dressing activities hence investors should bargain hunt and adopt the “buy the dips”.
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