KUALA LUMPUR: Hwang DBS Vickers Research said as the Malaysian bourse strives to find a firmer footing, its benchmark FBM KLCI (after recouping almost all of its initial 12.2-point loss on Thursday, March 17) could swing sideways with a marginal negative bias on Friday.
'Much will also depend on the latest developments on the ongoing nuclear crisis in Japan, which seems to be under control at the moment. This contributed to an overnight rebound on Wall Street as key U.S. equity indices jumped between 0.7% and 1.4% at the closing bell,' it said.
Stocks that may come under watch include: (a) Parkson, which is exploring to expand its chain of Parkson Department Stores in Indonesia; (b) UMW, after it has been awarded a contract from Petronas Carigali worth US$42m; and (c) APFT, a flight education and training academy that will be making its listing debut on the Main Market.
'Much will also depend on the latest developments on the ongoing nuclear crisis in Japan, which seems to be under control at the moment. This contributed to an overnight rebound on Wall Street as key U.S. equity indices jumped between 0.7% and 1.4% at the closing bell,' it said.
Stocks that may come under watch include: (a) Parkson, which is exploring to expand its chain of Parkson Department Stores in Indonesia; (b) UMW, after it has been awarded a contract from Petronas Carigali worth US$42m; and (c) APFT, a flight education and training academy that will be making its listing debut on the Main Market.
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