HDBSVR sees KLCI trading around 1,650

KUALA LUMPUR: Hwang DBS Vickers Research
expects share prices on Bursa Malaysia to probably swing sideways on
Thursday due to an absence of visible overseas leads and thin local
news flows.
“Its benchmark FBM KLCI may continue to gyrate
around the immediate support level of 1,650 ahead,” it said. HDBSVR
said despite broadly lower closings for most European stock exchanges,
Wall Street recovered from earlier losses to post a mixed performance
last night with its key equity indices ending between -0.2% and +0.2%.
This came on the back of investors' optimism that the U.S. Federal
Reserve might be imposing additional stimulus measures soon.
“Meanwhile, amid light news flows on the domestic front, counters that
could see added selling pressures today include Boustead Holdings and TSH Resources following their below par quarterly earnings report cards out last evening,” said the research house.