Daily Market Report (26 Dec 2019)
- Most major stock markets will resume trading today after a rather Merry Christmas rally recently.
- Wall Street closed flattish on a shortened trading Christmas eve and we expect the same today as many are still on holiday mood.
- Nonetheless, we reckon window dressing activities on Bursa Malaysia to persist following a rather hefty profit taking before the Christmas break.
- Therefore, we expect some accumulation on stocks and see the FBM KLCI to retest the 1,605 thereafter to touch the 1,610 again.
