Daily Market Report (6 March 2020)
- US markets remains volatile as wide swings between 1,000 point is becoming a norm recently suggesting mixed signals and expectations. The US 10-year Treasury yield fell below 1% to a record low as investors look for safe haven.
- Regional market is expected to be in the red today taking cue from the US markets. Domestically, we expect the FBM KLCI to remain range bound within 1,480 to 1,500 level.
- There are ample opportunities for investors for deep value rebound play on oversold stocks such as Genting Malaysia featured in our technical view today.
