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HDBSVR expects KLCI to be range bound
by hlk Thu 05 Jul 2012, 09:57
KUALA LUMPUR: Hwang DBS Vickers Research
(HDBSVR) said the FBM KLCI, after breaking past the first resistance
level of 1,610 on Wednesday, would be looking to hold on to its recent
gains ahead.
“The benchmark index hovering at a new record high
currently is expected to range-bound with a slight positive bias
today,” said the research house on Thursday. HDBSVR said this comes
amid an absence of overnight external leads as Wall Street was closed
for Independence Day.
Bank Negara
Malaysia's monetary policy committee will probably decide to leave the
overnight policy rate unchanged at a scheduled meeting later in the
evening. On the corporate front, investors may find interest in: (a) TRC Synergy, following news report that it has been appointed by MRT Corp to be the main contractor for Sg Buloh depot contract worth RM460mil; and (b) MMC Corporation, which could defer the listing of its power unit Malakoff from Q412 to Q113 according to one media source.
(HDBSVR) said the FBM KLCI, after breaking past the first resistance
level of 1,610 on Wednesday, would be looking to hold on to its recent
gains ahead.
“The benchmark index hovering at a new record high
currently is expected to range-bound with a slight positive bias
today,” said the research house on Thursday. HDBSVR said this comes
amid an absence of overnight external leads as Wall Street was closed
for Independence Day.
Bank Negara
Malaysia's monetary policy committee will probably decide to leave the
overnight policy rate unchanged at a scheduled meeting later in the
evening. On the corporate front, investors may find interest in: (a) TRC Synergy, following news report that it has been appointed by MRT Corp to be the main contractor for Sg Buloh depot contract worth RM460mil; and (b) MMC Corporation, which could defer the listing of its power unit Malakoff from Q412 to Q113 according to one media source.
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