Daily Market Report (7 Jan 2020)
Daily Market Report (7 Jan 2020)

Daily Market Report (7 Jan 2020)

  • As expected, there is a sudden U-turn as investors returned to equities with Wall Street staging a relief rebound yesterday touting that the tension in the Middle east as not too bad. Meanwhile, we believe regional markets to follow suit after yesterday’s sell-down.
  • Therefore we anticipate the FBM KLCI to see a mild rebound with immediate resistance at the 1,605 level.
  • Meanwhile, both the crude oil and CPO prices remain rather solid hence may see continued buying interests on the Oil & Gas and Plantation related stocks.