Daily Market Report (27 May 2020)
- Wall Street surged on hopes of the reopening of economic activities in the US as the DJI Average jumped by more than 500 points to close a tad below the 25,000 mark.
- As such regional markets may continue with their positive performances today.
- Nonetheless, any sharp upturn may be capped by the increasing tension between the US and China.
- On the local front, the FBM KLCI reopens today and may see some pent-up buying activities having missed out on the regional uptrend over the past 2 days.
- Thus, we expect the benchmark index to re-test the 1,450 today.
