Daily Market Report (8 Apr 2020)
- Heightened volatility over on Wall Street aptly showed the investors fragile confidence.
- Though the DJI Average closed rather flat overnight, the index was actually up by around 950 at one point surpassing the 23,000 mark.
- Reflecting the steep volatility, we believe regional markets to experience similar predicaments following some solid gains yesterday.
- Locally we expect similar pattern to emerge with the immediate support of 1,350 to be re-tested today. Sell into strength remains as our strategy.
