Daily Market Report (26 March 2020)
- Reflecting the fragility amongst investors, Wall Street has had a very volatile day despite news of the US$2 trillion rescue package.
- The DJI Average managed to break the 22,000 mark before ending up at just above the 21,000 mark as selling pressure took over.
- As such, we would expect some volatility today on the regional markets with some downside bias.
- On the local front, we would expect some profit taking activities to emerge following 2 days of uptrend with the FBM KLCI seen to re-test the psychological 1,300 support level.
