Daily Market Report (26 June 2020)

  • Wall Street continued to be volatile as it recovered and closed higher notwithstanding on the rising Covid-19 cases as it opens its economy.
  • Tech stocks continued to lead with Nasdaq reclaiming the 10,000 level once again. Today we expect regional markets to move higher in line with the positive US market.
  • On the local front, we believe the FBM KLCI which have been under selling pressure is due for technical rebound and possible window dressing activities, hence we advocate buy on weakness.