Daily Market Report (9 July 2020)
- Driven by high liquidity, Wall Street closed broadly higher despite coronavirus cases in the US surpassed the 3 million level.
- The DJI gained almost 180 points to close above the 26,000 level again amid the high volatility.
- Regional markets should continue to be mixed with some upside bias today as China continues with its bullish run.
- On the local front we reckon the FBM KLCI which have been extremely stubborn toward the upside thus far to challenge the 1,600 level buoyed by high liquidity following the latest cut in interest rate on Tuesday.
