Bursa market outlook:
The FBMKLCI staged a post-Budget rally yesterday as the Malaysia post-Budget 2020 Forum may have given market sentiment a boost, in our opinion. The overall performance across the board was also positive thanks to the optimism on the partial US-China trade deal. Barring any negative events coming from the external front, the index should continue to rise further today.
Resistance: 1,580 & 1,600. Support: 1,540 & 1,500.
Gainers: 487
Losers: 367
Unchanged: 407
DOW: 26,787.36 (-0.11%)
FTSE100: 7,213.45 (-0.46%)
DAX: 12,486.56 (-0.20%)
HSI: 26,521.85 (+0.81%)
STI: 3,124.45 (+0.34%)
KLCI: 1,567.59 (+0.69%)
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