Daily Market Report (31 March 2021)
- Sentiments on Wall Street continued to be jittery as the US 10-year Treasury yield remained high.
- In fact, the 10-year yield almost touched the 1.8% mark before easing back to around 1.7%.
- As a result, all three major indices closed lower.
- On the domestic front, though the FBM KLCI closed lower yesterday we are pleased to see that foreign funds were buyers for the 2nd consecutive day.
- With sentiments still on a cautious mode, trading activities on the local bourse has somewhat weakened.
- As for the benchmark index, seems like it is still stuck in a consolidation mode hence anticipate to hover within the 1,605-1,615 range today.
