KUALA LUMPUR: Hwang DBS Vickers Research said investors would get to watch a sequel to the performance by TENAGA NASIONAL BHD [] as the government may announce a possible increase in electricity rates.
It said on Friday, May 27 that the National Economic Council would meet and decide if there should be a tariff hike.
HDBSVR said this comes after the stock had fluctuated up and down earlier this week in reaction to the on-off news of an impending tariff hike.
Based on Thursday's index level, a 5% share price swing would translate to an approximate 4-point change in the benchmark FBM KLCI.
Meanwhile, on the chart, the bellwether could try to build on Thursday's gain of 7.4-point, possibly rising towards the immediate resistance line of 1,550 ahead.
It said on Friday, May 27 that the National Economic Council would meet and decide if there should be a tariff hike.
HDBSVR said this comes after the stock had fluctuated up and down earlier this week in reaction to the on-off news of an impending tariff hike.
Based on Thursday's index level, a 5% share price swing would translate to an approximate 4-point change in the benchmark FBM KLCI.
Meanwhile, on the chart, the bellwether could try to build on Thursday's gain of 7.4-point, possibly rising towards the immediate resistance line of 1,550 ahead.
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