Daily Market Report (27 May 2021)
- Trading on Wall Street was muted from the lack of clear buying catalyst.
- The DJI Average eked a 10.6 point gain to close at 34,323 whilst the Nasdaq added 81 points at 13,738.
- Due to the absence of buying catalysts, we reckon regional markets to be rather mixed today.
- Meanwhile on the local front, the FBM KLCI continued with its mini uptrend but may see some profit taking emerge today.
- Therefore, we expect the index to hover within 1,570-1,580 range today.
