Daily Market Report (10 Apr 2020)
Fri, Apr 10, 2020 8:22 AM
- Wall Street continued with its volatility and uptrend following statements from the Feds of a US$2.3 trillion financing package to battle the ailing US economy.
- The DJI Average breached the 24,000 mark at one point before profit taking sets in pushing the index lower to close at 23,700 clearly illustrating the fragile sentiments amongst the investors.
- Today we anticipate some profit taking to emerge regionally ahead of the weekend.
- On the local front, we would expect the FBM KLCI to see some selling pressure today following a rather decent performance over the last few days with the immediate support at the 1,360 level.
