KUALA LUMPUR: Hwang DBS Vickers Research expects the benchmark FBM KLCI may be range bound with a marginal upward bias on Wednesday, Dec 8 as Asian stocks rose for a fifth day yesterday when the local bourse was closed for a public holiday.
It said on Wednesday this comes against a backdrop of strong performance on commodity players.
Meanwhile, key U.S. equity indices ended broadly unchanged (between -0.03% and +0.1%) at the closing bell as gains were erased after the US President said he will push to overhaul the tax code in two years and a probe of insider trading reportedly widened.
Hwang DBS Vickers Research said on the corporate front, there could be added interest in: (a) Petronas Chemicals, following the MoU signed between Petronas and BASF to jointly produce specialty chemicals in Malaysia; (b) Multi-Purpose and Berjaya Sports Toto after they have obtained government approval to revise their prize structure; (c) PLANTATION [] counters as CPO price hit a 29-month high.
It said on Wednesday this comes against a backdrop of strong performance on commodity players.
Meanwhile, key U.S. equity indices ended broadly unchanged (between -0.03% and +0.1%) at the closing bell as gains were erased after the US President said he will push to overhaul the tax code in two years and a probe of insider trading reportedly widened.
Hwang DBS Vickers Research said on the corporate front, there could be added interest in: (a) Petronas Chemicals, following the MoU signed between Petronas and BASF to jointly produce specialty chemicals in Malaysia; (b) Multi-Purpose and Berjaya Sports Toto after they have obtained government approval to revise their prize structure; (c) PLANTATION [] counters as CPO price hit a 29-month high.
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