KUALA LUMPUR (Dec 28): Hwang DBS Vickers Research (HDBSVR) says the benchmark FBM KLCI may back off a bit from the psychological barrier of 1,500 on Wednesday following a surge in the final minutes of trading on Tuesday.
It said the late surge saw Bursa Malaysia emerging as the only stock exchange among 11 regional peers tracked by HDBSVR to finish in the positive territory.
In its market outlook, it said as the market approached the tail-end of the year-end holiday season and with no visible market leads coming in from abroad, “we reckon trading activity on our Malaysian stock exchange would be sluggish today, just like the past two days when fewer than 1.0 billion shares were traded”.
HDBSVR said among the counters that could still garner investors’ interest are Metrod, which has proposed to dispose of its international operations for RM202 million; and Ingress, after receiving a letter of intent from Tenaga to be involved in power projects worth RM55 million.
It said the late surge saw Bursa Malaysia emerging as the only stock exchange among 11 regional peers tracked by HDBSVR to finish in the positive territory.
In its market outlook, it said as the market approached the tail-end of the year-end holiday season and with no visible market leads coming in from abroad, “we reckon trading activity on our Malaysian stock exchange would be sluggish today, just like the past two days when fewer than 1.0 billion shares were traded”.
HDBSVR said among the counters that could still garner investors’ interest are Metrod, which has proposed to dispose of its international operations for RM202 million; and Ingress, after receiving a letter of intent from Tenaga to be involved in power projects worth RM55 million.
