Daily Market Report (5 Dec 2019)
- So far, updates over the US China trade talk has been unilateral predominantly from Trump. Until more concrete evidence are out, we would rather ignore his statements for now and expect market volatility to ensue.
- Nonetheless, we anticipate regional markets to take cue from yesterday’s rebound from Wall Street thus may see some bargain hunting channelling in especially on the local bourse.
- Therefore, we would envisage the FBM KLCI to possibly test the 1,565 mark thereafter the 1,570 level for today.
