Daily Market Report (29 Sept 2020)
Tue, Sep 29, 2020 8:13 AM
- Wall Street started the week on a high on expectations that a stimulus package would be agreed upon soon. The DJI Average climbed 410 points to above the 27,500 mark.
- Buoyed by the broad based buying, we expect regional markets to maintain their uptrend today.
- Locally, we expect the FBM KLCI to maintain its ascension as interests on the pandemic related stocks to continue garnering buying interests.
- Therefore, we reckon the benchmark index to challenge the 1,520 level today hopefully breaking out from its prolonged consolidation mode.
Download
