Daily Market Report (31 March 2020)
- The tug of war between buyers and sellers continues as Wall Street ended the session stronger yesterday.
- Though we foresee regional markets to follow suit backed by some relief buying, volatility is seen to remain high.
- Locally, we expect to see the market to be firmer and expect the FBM KLCI to trend within a tight range of between 1,320/1,340.
- Meanwhile, Spain has overtaken China to No.3 in position with its Covid-19 cases closing to 90,000 rendering the western world as the new epicentre of the pandemic.
