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Trading ideas: MMC, YTL Corp, Bumi Armada, Dayang
by hlk Tue 07 May 2013, 09:17
KUALA LUMPUR: Hwang DBS Vickers Research (HDBSVR) expects market laggards such as MMC Corp, YTL Corporation and Bumi Armada to see trading interest on Tuesday.
It said Dayang Enterprise
would also likely see active trading after it secured a RM314mil
contract to provide oil and gas maintenance services over five years.
On the market performance, HDBSVR said investors could be digesting its gains following Monday's market jump.
HDBSVR
said the FBM KLCI, which soared as much as 131.5 points or 7.8%
intra-day to reach a new record high of 1,826.22, might strive to pull
away a bit further from the resistance-turned-support level of 1,750
ahead.
"This bullish stance is also shared by the futures
players with the spot month contract currently trading at an 11.5-point
premium to the existing index level of 1,752," it said. Over on Wall
Street, leading bellwethers ended between flat and up 0.4% on Monday
amid positive indications that the US economic recovery remains intact.
It said Dayang Enterprise
would also likely see active trading after it secured a RM314mil
contract to provide oil and gas maintenance services over five years.
On the market performance, HDBSVR said investors could be digesting its gains following Monday's market jump.
HDBSVR
said the FBM KLCI, which soared as much as 131.5 points or 7.8%
intra-day to reach a new record high of 1,826.22, might strive to pull
away a bit further from the resistance-turned-support level of 1,750
ahead.
"This bullish stance is also shared by the futures
players with the spot month contract currently trading at an 11.5-point
premium to the existing index level of 1,752," it said. Over on Wall
Street, leading bellwethers ended between flat and up 0.4% on Monday
amid positive indications that the US economic recovery remains intact.
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