KUALA LUMPUR: Hwang DBS Vickers Research said after chalking up a cumulative gain of 20.3-point or 1.4% in the past three days the key FBM KLCI would probably pause for a temporary breather on Friday, Dec 10.
In its market outlook, it said technically, the benchmark index could face an intermittent resistance at the 1,525 level.
On Wall Street last night, major U.S. equity indices showed a fairly firm performance, closing between flat and +0.4% as sentiment was lifted by a drop in jobless claims.
Individual stocks on Bursa Malaysia which may see continuous trading interest include: (a) Gamuda and MMC, following comments made by Gamuda's managing director that he is confident the government would likely appoint the Gamuda-MMC JV to be the project delivery partner soon to undertake the MRT transportation system; and (b) Tenaga as the share price (up 21 sen yesterday) may retreat a bit after the Prime Minister said a hike in electricity tariffs is not imminent.
In its market outlook, it said technically, the benchmark index could face an intermittent resistance at the 1,525 level.
On Wall Street last night, major U.S. equity indices showed a fairly firm performance, closing between flat and +0.4% as sentiment was lifted by a drop in jobless claims.
Individual stocks on Bursa Malaysia which may see continuous trading interest include: (a) Gamuda and MMC, following comments made by Gamuda's managing director that he is confident the government would likely appoint the Gamuda-MMC JV to be the project delivery partner soon to undertake the MRT transportation system; and (b) Tenaga as the share price (up 21 sen yesterday) may retreat a bit after the Prime Minister said a hike in electricity tariffs is not imminent.
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