Daily Market Report (8 April 2022)
- Wall Street rebounded and reversed earlier losses as investors took opportunity to bargain hunt stocks during the late trading session.
- The Dow rose 87 points to end at 34,583.
- Back home, the FBM KLCI closed marginally lower due to lack of buying interests.
- We believe the benchmark index to remain in rangebound the short time being due to cautious sentiment though foreign buying and bargain hunting activities may emerge as well.
- As such, we reckon the index to hover between the 1,590-1,610 range for today.
