Daily Market Report (27 March 2020)
- Despite a higher than expected unemployment rate and the surge in Covid-19 cases in the US, Wall Street gave us another solid performance predominantly due to the stimulus package yesterday.
- Nonetheless, we prefer to remain cautious as we reckon such uptrend is not sustainable.
- Regionally we anticipate a volatile regional performance today as traders may heighten their selling ahead of the weekend.
- On the local front, we envisage the FBM KLCI to be under a bit of selling pressure and may test the 1,320 support level.
