Daily Market Report (31 Jan 2020)
Daily Market Report (31 Jan 2020)

Daily Market Report (31 Jan 2020)

  • Undented by the virus fear, Wall Street closed on a positive note on the back of improved earnings. Nonetheless, we believe this could be short lived as sentiments may eventually be affected by fears of the pandemic.
  • We expect regional markets to readjust itself following a sell-off over the last few days and possibly some buying would prevail.
  • Locally we expect the selling to ease with the FBM KLCI to test the 1,550 level and maybe it’s time to look at laggard healthcare stocks namely Pharmaniaga, KPJ Healthcare and Caring.