Daily Market Report (30 March 2022)
Wed, Mar 30, 2022 7:49 AM
- US equities closed higher as sentiments improved amid the ongoing ceasefire negotiations between Russia and Ukraine.
- The DJI Average jumped by 338 points while the Nasdaq gained 265 points.
- Meanwhile, the US 10-year yield remains at around the 2.4% mark.
- Back home, the FBM KLCI continued with its downtrend as the index was dragged down further due to the lack of buying catalysts.
- Nonetheless, we believe bargain hunting should emerge thus expect the index to hover within the 1,580-1,595 range today.
- As for the Brent crude, it closed lower at US$110/barrel amid the ongoing peace talk.
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