Daily Market Report (6 May 2021)
- Wall Street closed higher as traders buoyed by economic optimism on the back of more solid corporate earnings.
- The DJI Average gained 97 points to closed at 34,230 whilst the Nasdaq continue with their slump by 51 points at around 13,580.
- As volatility heightened, we reckon regional markets to be rather muted today.
- On the home front, we believe the FBM KLCI to stay stuck in its consolidation mode and to hover within a narrow range of 1,570-1,580 albeit some bargain hunting activities today.
