KUALA LUMPUR: Hwang DBS Vickers Research (HDBSVR) said following a swift rebound from an intra-day low of 1,488.95 to close at 1,499.28 on Wednesday, March 2, it expects the key FBM KLCI to build on its recovery momentum ahead.
'The benchmark index will likely show a modest upward bias today, striving to pull away further from the immediate support level of 1,495,' it said on Thursday, March 3.
HDBSVR said there was little excitement on Wall Street last night as major U.S. equity indices finished between 0.1% and 0.4% higher at the closing bell. Although the labor market was picking up, sentiment remained weak given the still high crude oil prices (which rose 2.6% to US$102 per barrel overnight).
'Back home, against a backdrop of light news flows, Gamuda and MMC shares may attract some interest after the signing of a shareholders' agreement in the company that would be overseeing the implementation of the massive Klang Valley MRT project.
Separately, SP Setia's share price, after tumbling 6.3% in 1'' weeks, could get a lift as the property developer has just bought a piece of land measuring 268 acres in Cyberjaya for RM420m,' it said.
'The benchmark index will likely show a modest upward bias today, striving to pull away further from the immediate support level of 1,495,' it said on Thursday, March 3.
HDBSVR said there was little excitement on Wall Street last night as major U.S. equity indices finished between 0.1% and 0.4% higher at the closing bell. Although the labor market was picking up, sentiment remained weak given the still high crude oil prices (which rose 2.6% to US$102 per barrel overnight).
'Back home, against a backdrop of light news flows, Gamuda and MMC shares may attract some interest after the signing of a shareholders' agreement in the company that would be overseeing the implementation of the massive Klang Valley MRT project.
Separately, SP Setia's share price, after tumbling 6.3% in 1'' weeks, could get a lift as the property developer has just bought a piece of land measuring 268 acres in Cyberjaya for RM420m,' it said.
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