Daily Market Report (7 Sept 2021)
- Wall Street was closed for Labour Day yesterday and a look at the futures showed that all 3 major indices are in positive territory currently although sentiments remain tentative.
- For today, we reckon regional markets to be mixed following a broadly encouraging performance yesterday.
- As for the local bourse, the correction took grip of the performance as the FBM KLCI slips lower yesterday.
- Nonetheless, the benchmark index managed to stay above the 1,580 level showing there could be some bargain hunting activities.
- Amid the prevailing consolidation, we anticipate the index to trend around the 1,575-1,585 range today.
