Daily Market Report (3 Nov 2020)
- US stocks rebounded ahead of the Presidential election today.
- The DJI Average jumped by more than 400 points to edge closer towards the 27,000 mark. In view of this, we believe regional markets to maintain with their uptrend.
- Locally, we expect the FBM KLCI to stage a rebound today after some weaknesses over the last few days.
- Therefore, we foresee buyers to emerge with the benchmark index to possibly test the 1,490 level today.
