KUALA LUMPUR (Jan 9): Hwang DBS Vickers Research expects the key FBM KLCI to back off from the immediate resistance mark of 1,515 on Monday.
It said that from a technical perspective, the benchmark index could be sliding towards the first psychological level of 1,500.
“Essentially, investors may turn cautious in view of two events today: (a) a scheduled meeting between the leaders of Germany and France to talk about possible revisions to Europe’s fiscal rules; and (b) a verdict on the sodomy trial involving opposition leader Anwar Ibrahim to be delivered by the court,” it said.
HDBSVR said in terms of share price actions, there could be interest in: (a) Harvest Court Industries, after the upliftment of its designated securities status with effect from this morning; (b) Proton and DRB-Hicom, as the latter has confirmed that it has put in a bid to take control of the national carmaker; and (c) Kumpulan Hartanah Selangor, amid a weekly business report saying that major shareholder KUMPULAN PERANGSANG SELANGOR [] may privatise the company.
It said that from a technical perspective, the benchmark index could be sliding towards the first psychological level of 1,500.
“Essentially, investors may turn cautious in view of two events today: (a) a scheduled meeting between the leaders of Germany and France to talk about possible revisions to Europe’s fiscal rules; and (b) a verdict on the sodomy trial involving opposition leader Anwar Ibrahim to be delivered by the court,” it said.
HDBSVR said in terms of share price actions, there could be interest in: (a) Harvest Court Industries, after the upliftment of its designated securities status with effect from this morning; (b) Proton and DRB-Hicom, as the latter has confirmed that it has put in a bid to take control of the national carmaker; and (c) Kumpulan Hartanah Selangor, amid a weekly business report saying that major shareholder KUMPULAN PERANGSANG SELANGOR [] may privatise the company.
