Daily Market Report (1 April 2020)
- The way Wall Street penned out yesterday hopping between positive and negative territory, displayed the uncertainty amongst investors.
- At the close, the DJI Average succumbed to the sellers as it closed 400 plus points lower.
- Sentiments were also affected by the surge of Covid-19 cases in the US which is closing in to 190,000.
- Reflecting the weaker close on Wall Street, we reckon regional markets to be rather mixed today.
- As for the local bourse, we expect some pressure on the FBM KLCI today with 1,330 being the immediate support level.