KUALA LUMPUR: Hwang DBS Vickers Research said although Wall Street was little changed overnight, there is a possibility the Malaysian bourse could continue its upward trend on Tuesday, Nov 9.
'If so, then the benchmark FBM KLCI will probably show a positive bias and challenge the immediate resistance threshold of 1,525 (which was also its all-time high in January 2008) going forward,' it said.
In terms of individual corporate action, Dayang may attract trading interest after it announced a one-for-four bonus issue and one-for-four rights issue (subsequent to the bonus issue) at a price to be determined later.
'If so, then the benchmark FBM KLCI will probably show a positive bias and challenge the immediate resistance threshold of 1,525 (which was also its all-time high in January 2008) going forward,' it said.
In terms of individual corporate action, Dayang may attract trading interest after it announced a one-for-four bonus issue and one-for-four rights issue (subsequent to the bonus issue) at a price to be determined later.
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