Daily Market Report (3 March 2020)
- Wall Street staged a strong rebound yesterday but we remain unconvinced as all factors impacting the markets still prevail. Though we may see a solid start for the regional markets today, sustainability remains a big question.
- Locally we would expect the FBM KLCI to possibly re-testing the 1,480/90 level.
- As such, we would recommend investors to take this opportunity to sell into strength with the view to bargain hunt when the market resumes its downside bias.
