KUALA LUMPUR: Hwang DBS Vickers Research said the benchmark FBM KLCI is expected to tread inside a narrow trading range on Thursday, March 10 due to an absence of fresh market leads.
It said that Wall Street showed a lacklustre performance last night with its leading equity indices ending between flat and minus 0.5% at the closing bell.
Back home, data on tap on Thursday include: (a) the index of industrial production (IPI) report for Jan, with one media poll saying the consensus has projected a moderate annual increase of 1.4% in the IPI for the month; and (b) PLANTATION []s statistics (on production, exports, inventory etc) for February.
'In terms of share price actions, Pos Malaysia could see added trading interest today following a news article that said the divestment of Khazanah Nasional's 32% stake in the company to a third party would be announced by April 12,' it said.
It said that Wall Street showed a lacklustre performance last night with its leading equity indices ending between flat and minus 0.5% at the closing bell.
Back home, data on tap on Thursday include: (a) the index of industrial production (IPI) report for Jan, with one media poll saying the consensus has projected a moderate annual increase of 1.4% in the IPI for the month; and (b) PLANTATION []s statistics (on production, exports, inventory etc) for February.
'In terms of share price actions, Pos Malaysia could see added trading interest today following a news article that said the divestment of Khazanah Nasional's 32% stake in the company to a third party would be announced by April 12,' it said.
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