KUALA LUMPUR: Hwang DBS Vickers Research expects the benchmark FBM KLCI to take a breather after rising for four days - up by a cumulative of 12.55 pts or 0.8% - in a row.
It said on Friday, April 29 the KLCI is likely to be supported by the resistance-turned-support level of 1,530.
Meanwhile, the key U.S. equity indices continued with the rally, closing with an increase of between 0.1% and 0.6% last night. This comes after higher-than-expected corporate earnings which sent the S&P index to the highest level since June 2008.
At Bursa Malaysia, EON Capital and Hong Leong Bank are expected to see added trading interest after the court ruling that came in favour of EON Capital against Primus Pacific Partners.
'This may clear the path for the merger between Hong Leong Bank and EON Capital,' it said.
Also, Bank Negara's monthly statistics will be on tap later this evening.
It said on Friday, April 29 the KLCI is likely to be supported by the resistance-turned-support level of 1,530.
Meanwhile, the key U.S. equity indices continued with the rally, closing with an increase of between 0.1% and 0.6% last night. This comes after higher-than-expected corporate earnings which sent the S&P index to the highest level since June 2008.
At Bursa Malaysia, EON Capital and Hong Leong Bank are expected to see added trading interest after the court ruling that came in favour of EON Capital against Primus Pacific Partners.
'This may clear the path for the merger between Hong Leong Bank and EON Capital,' it said.
Also, Bank Negara's monthly statistics will be on tap later this evening.
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