Daily Market Report (30 March 2020)
- Donald Trump finally admitted that Covid-19 is more serious than he first thought as he is extending the US closure from April 12 to April 30 citing US deaths could even touch 100,000.
- This could have adverse impact on the financial markets and could see sellers overwhelm activities again.
- We anticipate heighten volatility and envisage the FBM KLCI to be under a bit of selling pressure re-testing the 1,320 support level.
