Bursa Alert
Global Market
NewsMalaysia’s KLCI to test 1,800 resistance level
Page 1 of 1
Malaysia’s KLCI to test 1,800 resistance level
by Cals Wed 14 Aug 2013, 08:58
Published: Wednesday August 14, 2013 MYT 8:41:00 AM
Updated: Wednesday August 14, 2013 MYT 8:44:19 AM
Malaysia’s KLCI to test 1,800 resistance level.
KUALA LUMPUR: Hwang DBS Vickers Research (HDBSVR) expects the FBM KLCI to rest the 1,800 resistance level after two days of gains where it rose 15.8 points or 0.9%.
It said on Wednesday that providing a further boost to sentiment would be the positive external vibes.
Overnight, leading US equity indices rose between 0.2% and 0.4% aided by a better retail sales report.
“Probably giving a lift to the FBM KLCI today are beaten-down index-linked counters such as RHB Capital, Genting Bhd and UEM Sunrise,” it said.
HDBSVR said TH Heavy Engineering and MMHE are the oil & gas counters which might attract investors’ interest.
TH Heavy Engineering’s licence with Petronas was extended and which would enable it to tender and participate for in projects as a manufacturer of offshore pedestal cranes.
As for MMHE, it is due to announce its latest quarterly financial results around noon on Wednesday.
Updated: Wednesday August 14, 2013 MYT 8:44:19 AM
Malaysia’s KLCI to test 1,800 resistance level.
KUALA LUMPUR: Hwang DBS Vickers Research (HDBSVR) expects the FBM KLCI to rest the 1,800 resistance level after two days of gains where it rose 15.8 points or 0.9%.
It said on Wednesday that providing a further boost to sentiment would be the positive external vibes.
Overnight, leading US equity indices rose between 0.2% and 0.4% aided by a better retail sales report.
“Probably giving a lift to the FBM KLCI today are beaten-down index-linked counters such as RHB Capital, Genting Bhd and UEM Sunrise,” it said.
HDBSVR said TH Heavy Engineering and MMHE are the oil & gas counters which might attract investors’ interest.
TH Heavy Engineering’s licence with Petronas was extended and which would enable it to tender and participate for in projects as a manufacturer of offshore pedestal cranes.
As for MMHE, it is due to announce its latest quarterly financial results around noon on Wednesday.
Cals- Administrator
- Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€
d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis
Similar topics» Market Preview KLCI to test 1,690 level
» FBM KLCI may test 1,800 level in 2016 — AIA fund manager
» Malaysia’s KLCI to test resistance of 1,840
» FBMKLCI likely to test 1,600-point level
» Index may re-test the recent 1,685 support level
» FBM KLCI may test 1,800 level in 2016 — AIA fund manager
» Malaysia’s KLCI to test resistance of 1,840
» FBMKLCI likely to test 1,600-point level
» Index may re-test the recent 1,685 support level
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum