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HDBSVR: Asian markets could give up part of gains
by hlk Tue 12 Jun 2012, 08:50
It said this followed an overnight slump on Wall Street, which saw
its key stock indices falling between 1.1% and 1.7% at the closing bell
amid scepticism that the Spanish banks bailout plan would resolve the
prevailing eurozone debt crisis. “Against the jittery external
backdrop, sentiment on our Malaysian bourse is expected to be poor too.
The benchmark FBM KLCI
will probably back off from the immediate resistance barrier of 1,580
ahead,” it said. Likely to come under renewed selling pressure on
Tuesday are index-linked stocks such as Sime Darby, Maybank and Tenaga.
Hoping to buck the weak broad market are two oil & gas related companies: (a) Handal Resources, which secured a contract to provide integrated crane services for Petronas Carigali worth RM120mil; and (b) Uzma, after clinching a contract from Petronas Carigali to provide integrated water injection studies valued at RM36mil.
its key stock indices falling between 1.1% and 1.7% at the closing bell
amid scepticism that the Spanish banks bailout plan would resolve the
prevailing eurozone debt crisis. “Against the jittery external
backdrop, sentiment on our Malaysian bourse is expected to be poor too.
The benchmark FBM KLCI
will probably back off from the immediate resistance barrier of 1,580
ahead,” it said. Likely to come under renewed selling pressure on
Tuesday are index-linked stocks such as Sime Darby, Maybank and Tenaga.
Hoping to buck the weak broad market are two oil & gas related companies: (a) Handal Resources, which secured a contract to provide integrated crane services for Petronas Carigali worth RM120mil; and (b) Uzma, after clinching a contract from Petronas Carigali to provide integrated water injection studies valued at RM36mil.
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