KUALA LUMPUR: Hwang DBS Vickers Research said a technical rebound could be in store for the Malaysian market on Tuesday, March 1, possibly lifting the key FBM KLCI to overcome the immediate resistance threshold of 1,495 as the benchmark index seeks to recover some of the 34.6-point (-2.3%) loss suffered since Feb 21.
HDBSVR said on Tuesday that seeing a recovery too last night was Wall Street, with its leading equity indices finishing between flat and 0.8% higher at the closing bell on hopes that the longer-term outlook remains positive.
'Among the bigger caps that may attract buying interest today include Genting, CIMB and RHB Capital following their recent sell-down.
'Meanwhile, on the last day of the corporate reporting season for the October to December quarter, companies that reported below par financial performance yesterday evening include Alam Maritim, Tanjung Offshore and Kinsteel though Maxis should appeal to income-seeking investors after it declared a tax-exempt dividend per share of 16 sen per share,' it said.
HDBSVR said on Tuesday that seeing a recovery too last night was Wall Street, with its leading equity indices finishing between flat and 0.8% higher at the closing bell on hopes that the longer-term outlook remains positive.
'Among the bigger caps that may attract buying interest today include Genting, CIMB and RHB Capital following their recent sell-down.
'Meanwhile, on the last day of the corporate reporting season for the October to December quarter, companies that reported below par financial performance yesterday evening include Alam Maritim, Tanjung Offshore and Kinsteel though Maxis should appeal to income-seeking investors after it declared a tax-exempt dividend per share of 16 sen per share,' it said.
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