Friday, December 30, 2011

HDBSVR sees local bourse extending its 6-day winning streak

KUALA LUMPUR (Dec 30): Hwang DBS Vickers Research (HDBSVR) says with Friday being the final trading day for 2011, the local bourse could extend its six-day rising streak.

As for Thursday, the research house said the FBM KLCI had chalked up cumulative gains of 41.5 points or 2.9%, to close this year on a high note.

HDBSVR said on Friday this comes after major U.S. stock indices rose between 0.9% and 1.1% at the closing bell last night as key economic data released showed that the US is weathering the European debt crisis, with jobless claims in the US reaching its lowest level since June 2008.

Stocks to watch on Friday investors include Berjaya Corp, after it released its weaker 2QFY12 results last night.

HDBSVR said QSR Brands could also see trading interest after the Malay Chamber of Commerce Malaysia said it would offer RM6.90 per share for the company, higher than the RM6.80 per share previously offered by Johor Corp and CVC Capital.

Cypark Resources was awarded a RM14.7 million contract to upgrade a landfill site in Negeri Sembilan.

No comments:

Post a Comment