KUALA LUMPUR: Hwang DBS Vickers Research expects the FBM KLCI to be likely buoyed by the nine new initiatives under the ETP, unveiled by the Prime Minister on Monday, June 13.
It said on Tuesday the KLCI will probably be trading in a range-bound with a positive bias. Immediate support and resistance levels for the benchmark index are seen at 1,530 and1,550, respectively.
Meanwhile, US key equity indices ended between -0.2% and +0.1% at the closing bell as buy-out activities helped blue-chip stocks eke out a slim gain, offsetting concerns of a slowing economic recovery.
HDBSVR said stocks which could see trading interest include Alam Maritim, after the company announced a RM52 million purchase order contract from Samsung Engineering Malaysia for SOGT project.
Also in focus could be Petra Energy, following its proposed private placement which is expected to raise RM27.5 million.
MMC as its 51%-owned subsidiary has won a bid to construct and operate a 1,000MW coal-fired power plant, which will be situated adjoining the existing Tanjung Bin power plant.
It said on Tuesday the KLCI will probably be trading in a range-bound with a positive bias. Immediate support and resistance levels for the benchmark index are seen at 1,530 and1,550, respectively.
Meanwhile, US key equity indices ended between -0.2% and +0.1% at the closing bell as buy-out activities helped blue-chip stocks eke out a slim gain, offsetting concerns of a slowing economic recovery.
HDBSVR said stocks which could see trading interest include Alam Maritim, after the company announced a RM52 million purchase order contract from Samsung Engineering Malaysia for SOGT project.
Also in focus could be Petra Energy, following its proposed private placement which is expected to raise RM27.5 million.
MMC as its 51%-owned subsidiary has won a bid to construct and operate a 1,000MW coal-fired power plant, which will be situated adjoining the existing Tanjung Bin power plant.
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