Daily Market Report (28 Sept 2020)
Mon, Sep 28, 2020 8:05 AM
- US markets rally as investors buy the dip with tech stocks leading the rise as Wall Street attempts to recover from its recent steep correction.
- Nonetheless, Dow Jones settled above 27,000 level while the Nasdaq is whisker away from 11,000 level and S&P 500 at 3,300 level.
- Regional markets this week should see positive bias upwards taking cue from US markets.
- Meanwhile on our local market, it is likely to see follow through buying interest in the glove and healthcare related stocks such as (PPE and face mask) and vaccine stock as the Covid-19 numbers continue to rise globally and locally.
- Hence, investors should take position to ride the wave of trading opportunities.
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