Daily Market Report (5 Nov 2020)
- Wall Street experienced wild swings in prices amid the ongoing US Presidential results that may lead to the Supreme Court as Trump is staring at a defeat.
- The DJI Average which touched 28,300 at one point finally settled at the 27,800 level or 370 points higher.
- As such, we can expect some volatility within the regional markets today.
- As for the local bourse which is more detach from Wall Street, we reckon the FBM KLCI may again test the 1,470 level today to emerge from prevailing consolidation.
- Meanwhile, have a look at the plantation stocks as CPO prices have been on an uptrend at around the RM3,300/mt of late.
