Daily Market Report ( 6 December 2021)
- Disappointing job data for November coupled with the threat from Omicron variant continued to unsettle sentiments as all 3 major indices closed lower.
- The DJI Average declined by 60 points after trending within a 600 point range. The Nasdaq fared even worse closing almost 300 points lower at around the 15,000 level.
- On the home front, we reckon bargain hunting activities to prevail following a weak performance last week dipping below the crucial 1,500 mark.
- Though regional volatility will continue to hassle the local bourse, we reckon the index to hover within the 1,495-1,505 range today.
- Meanwhile, crude oil improved slightly with the Brent now trending at above the US$71/barrel having touched the US$68/barrel last week.
