Daily Market Report (30 Sept 2019)
- Global markets are expected to remain volatile with eyes on China’s economic data manufacturing & PMI data to be released later today and US data including ISM manufacturing and employment in the coming days.
- On our local front with our Budget 2020 about two weeks away, there will be much speculation on what good news it may bring to corporates, investors and man on the street.
- Historically, there has been pre-budget rally for our markets running up to the Budget Day on 11 October 2019 and we remain optimistic it will rally above 1,600 level, hence we recommend investors to accumulate at current level.
