Friday, April 8, 2011

HDBSVR sees market taking a breather

KUALA LUMPUR: Hwang DBS Vickers Research said while the underlying sentiment of the Malaysian stock market remains positive, it expects it to take a temporary breather on Friday, April 8.

Its benchmark FBM KLCI could slip marginally after a rise of 47.7-point or 3.1% over the last eight days.

Meanwhile, there was no overnight lead from Wall Street. Key U.S. equity indices came off between 0.1% and 0.2% at the closing bell in the absence of fresh catalysts.

HDBSVR said stocks that could be in the limelight include: (a) Tatt Giap as one business daily reported that Nippon Steel from Japan intends to raise its stake in a subsidiary of Tatt Giap that manufactures electro-galvanised steel; (b) Sozo Global following the signing of an MOU with the Malaysian government for a proposed cooperation to promote and develop Halal market; and (c) MRCB, which has proposed to buy a 100% stake in a property-based company for RM110m cash.

No comments:

Post a Comment