Daily Market Report (28 Dec 2020)
Mon, Dec 28, 2020 9:45 AM
- Wall Street ended slightly higher as traders were mostly sidelined ahead of the festivities amid the delay in the latest U.S. stimulus package. The DJI Average was up 70 points to close the session at 30,200.
- Therefore, we reckon regional markets to be mixed today from the lack of buying catalysts. As for the local bourse, we believe market to be slightly quiet during the final trading week for 2020.
- We expect the FBM KLCI to continue with its mini consolidation today with the index to trend within the 1,635-1,650 range.
- Meanwhile, crude palm oil prices are set to close on a year high for month December as it is hovering around the RM3,700/metric tonne level.
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