KUALA LUMPUR: Hwang DBS Vickers Research said with Wall Street coming under pressure on Thursday night, it expects sentiment on Malaysian bourse to be affected too.
US key equity bellwethers were down between 0.4% and 0.9% at the closing bell due to concerns over the Europe debt crisis.
'Most likely, investors will be in the mood to take profit following the recent run-up, though any market pullback is expected to be relatively shallow. On the chart, the immediate support level for the benchmark FBM KLCI currently stands at 1,495,' it said on Friday, Nov 12
Hwang DBS Vickers Research said in terms of news flows, Bank Negara Malaysia's monetary policy committee will meet this evening, which will probably decide to leave the overnight policy rate unchanged.
'Meanwhile, Masterskill's share price may see a technical rebound from an oversold position after a media report said that PTPTN (the National Higher Education Fund Corporation, which is a primary funding source for Masterskill) is confident to raise its loans recovery rate to 70% by beefing up its internal controls,' it said.
US key equity bellwethers were down between 0.4% and 0.9% at the closing bell due to concerns over the Europe debt crisis.
'Most likely, investors will be in the mood to take profit following the recent run-up, though any market pullback is expected to be relatively shallow. On the chart, the immediate support level for the benchmark FBM KLCI currently stands at 1,495,' it said on Friday, Nov 12
Hwang DBS Vickers Research said in terms of news flows, Bank Negara Malaysia's monetary policy committee will meet this evening, which will probably decide to leave the overnight policy rate unchanged.
'Meanwhile, Masterskill's share price may see a technical rebound from an oversold position after a media report said that PTPTN (the National Higher Education Fund Corporation, which is a primary funding source for Masterskill) is confident to raise its loans recovery rate to 70% by beefing up its internal controls,' it said.
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