Daily Market Report (26 Oct 2020)
- Covid-19 is set to dominate trading activities as the world is experiencing a spike in numbers as traders were sidelined on Wall Street.
- The DJI Average closed flat at around the 28,300 level whilst the futures has weakened by more than 100 points at time of writing.
- Hence, we believe regional markets to be mixed but the local bourse should see some rebound today.
- We expect the FBM KLCI to trend higher today as many heaved a sigh of relief with the proposed emergency has been averted.
- As such, we expect the FBM KLCI to trend above the 1,500 mark today but may be limited by regional volatility.