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HDBSVR: Firmer Wall Street to boost Malaysian market sentiment
by hlk Wed 04 Jan 2012, 14:13
KUALA LUMPUR (Jan 4): Hwang DBS Vickers Research said on Wednesday Wall
Street was off to a strong start in the New Year when key U.S. equity
indices jumped between 1.5% and 1.7% last night.
It said
apparently, investors' confidence was boosted by expectations that the
global manufacturing sector would show promising growth this year.
'The positive external vibes could give a lift to our Malaysian bourse
today. Its benchmark FBM KLCI will probably recover all the losses
suffered yesterday to rise towards the immediate resistance level of
1,530 ahead,' it said.
HDBSVR said stocks that may see action
today include: (a) CI Holdings, after a local daily, quoting sources,
reported that the company is looking to acquire a new business soon; (b)
Bonia, following its acquisition of a German leather goods maker for
RM13 million; and (c) Tricubes, which has just been awarded a government
contract worth RM6 million.
Street was off to a strong start in the New Year when key U.S. equity
indices jumped between 1.5% and 1.7% last night.
It said
apparently, investors' confidence was boosted by expectations that the
global manufacturing sector would show promising growth this year.
'The positive external vibes could give a lift to our Malaysian bourse
today. Its benchmark FBM KLCI will probably recover all the losses
suffered yesterday to rise towards the immediate resistance level of
1,530 ahead,' it said.
HDBSVR said stocks that may see action
today include: (a) CI Holdings, after a local daily, quoting sources,
reported that the company is looking to acquire a new business soon; (b)
Bonia, following its acquisition of a German leather goods maker for
RM13 million; and (c) Tricubes, which has just been awarded a government
contract worth RM6 million.
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