Daily Market Report (5 May 2020)
- Wall Street ended into positive territory yesterday following the improving crude oil prices.
- The DJI Average saw a late rally to close flat having been in the red for most of yesterday’s trading session.
- The 400 points swing in the DJI Average yesterday again showed the high degree of volatility which could see the same within the regional markets today.
- Domestically, we reckon the FBM KLCI may see some positive reaction today with the higher crude oil prices with the benchmark index to stay above the 1,380 level.
- Overall, we believe markets are in very weak footings and investors should remain cautious.
