KUALA LUMPUR: Hwang DBS Vickers Research said despite a mixed overnight performance on Wall Street, it reckons the Malaysian bourse to show resilience ahead.
It said on Tuesday, April 26 that technically speaking, the FBM KLCI could continue its sideways trading pattern with a marginal positive tone.
'The key market barometer, however, may struggle to clear its immediate resistance level of 1,530 in the meantime,' it said.
HDBSVR said counters that may see added trading interest today will include: (a) Sime Darby, which has just been awarded an oil & gas fabrication contract valued at RM1.2b; (b) Alam Maritim, after it has entered into several agreements worth RM33.5m to provide oil & gas support services; and (c) Padiberas Nasional following the government's extension of its contract to manage the country's rice supplies for another 10 years.
It said on Tuesday, April 26 that technically speaking, the FBM KLCI could continue its sideways trading pattern with a marginal positive tone.
'The key market barometer, however, may struggle to clear its immediate resistance level of 1,530 in the meantime,' it said.
HDBSVR said counters that may see added trading interest today will include: (a) Sime Darby, which has just been awarded an oil & gas fabrication contract valued at RM1.2b; (b) Alam Maritim, after it has entered into several agreements worth RM33.5m to provide oil & gas support services; and (c) Padiberas Nasional following the government's extension of its contract to manage the country's rice supplies for another 10 years.
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