Daily Market Report (27 Oct 2020)
Daily Market Report (27 Oct 2020)

Daily Market Report (27 Oct 2020)

  • US markets fell sharply before rebounding of its lows amidst the surging Covid-19 cases worldwide while the ongoing discussions on stimulus plans drags on dampened sentiment.
  • US futures were marginally higher today as it continues to rebound from the sell-off, nonetheless regional markets are expected to see weaker sentiment taking cue from US markets yesterday.
  • On to our local market, we may see some bargain hunting as the KLCI tries to find its way back to the 1,500 level with more clarity and stability in the government.
  • Therefore, investors should take the opportunity to bargain hunt for trading opportunities and focus would still largely be on the healthcare related stocks as CMCO is extended by another two weeks until  November 9, hence the gloves, masks PPE related stocks, technology and small mid cap stocks would be the centre of attention.
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