Daily Market Report (6 July 2020)
- Wall Street was closed for Independence Day celebration but European markets were broadly lower on Friday.
- Following a solid performance last week, we expect regional markets to be mixed today amid the rising coronavirus cases in the US.
- Last week the FBM KLCI has been relentless breaking numerous resistance levels fuelled by domestic buying support.
- Having gained around 60 points week-on-week, we reckon profit taking activities may emerge with the 1,530 level as the immediate support level.
