Daily Market Report (28 Apr 2020)
- Amid the dwindling crude oil prices, attention is now shifted to the reopening of the US economy as Wall Street continues with its uptrend with the DJI Average finally closed above the 24,000 mark.
- Notwithstanding this, we find it rather uneasy as the US remains the apex contributor to the global Covid-19 figures.
- We reckon regional markets may undergo a mixed trading pattern today as sellers would take advantage of any uptrend.
- Domestically, we expect the FBM KLCI to trend between the 1,360/80 levels today and continue to advise investors to be cautious as sentiments remains highly jittery.
