Daily Market Report (13 April 2021)
- Wall Street closed mostly weaker as traders were sidelined ahead of corporate earnings for the first quarter and inflation data.
- All 3 major indices closed marginally lower with the DJI Average down 55 points to 33,745.
- Therefore, we reckon trading on regional markets to be rather mixed today.
- As for the local bourse, we believe the FBM KLCI to remain stuck within a narrow range today as we enter into the fasting month.
- With the lack of buying catalysts and that trading activities expected to be quiet, we anticipate the index to hover within the 1,600-1,610 today.