Daily Market Report (28 May 2021)
- US equities improved further on stronger than expected labour data.
- The DJI Average gained 141 points to close near the 34,500 level.
- In line with this, we reckon regional markets to perform better today.
- On the domestic front, the FBM KLCI again experienced some last minute buying which of late has been rather strong.
- Nonetheless, whether this sustainable remains to be seen. The index is expected to hover within a 1,590-1,600 range today.
- Meanwhile, the crude oil price is nearing the US$70/barrel again.
