KUALA LUMPUR (Jan 31): HwangDBS Vickers Research said the weaker overnight close on Wall Street would weigh on regional markets including Bursa Malaysia.
It said on Tuesday the FBM KLCI could extend its slide. The benchmark index – which tumbled 7.4 points on Monday – may make its way towards the psychological support level of 1,500 ahead, it said.
On Wall Street, major U.S. equity indices were down between 0.1% and 0.3% amid concerns of slow progress in Greece’s debt negotiations.
HDBSVR said in terms of news flows, Bank Negara Malaysia is scheduled to hold its monetary policy committee meeting on Tuesday evening, with expectations for the policymakers to keep interest rates unchanged.
On the corporate front, of interest will be stocks including Malaysia Airports Holdings, which has proposed to raise funds via a private placement exercise of up to 110 million new shares (for gross proceeds of approximately RM598 million).
In Tenaga Nasional, its CEO indicated that he would be quitting when his contract ends in June
MALAYSIAN PACIFIC INDUSTRIES [] reported net loss of RM16 million in the October-December quarter, while its share price jumped 34% over the last two weeks.
It said on Tuesday the FBM KLCI could extend its slide. The benchmark index – which tumbled 7.4 points on Monday – may make its way towards the psychological support level of 1,500 ahead, it said.
On Wall Street, major U.S. equity indices were down between 0.1% and 0.3% amid concerns of slow progress in Greece’s debt negotiations.
HDBSVR said in terms of news flows, Bank Negara Malaysia is scheduled to hold its monetary policy committee meeting on Tuesday evening, with expectations for the policymakers to keep interest rates unchanged.
On the corporate front, of interest will be stocks including Malaysia Airports Holdings, which has proposed to raise funds via a private placement exercise of up to 110 million new shares (for gross proceeds of approximately RM598 million).
In Tenaga Nasional, its CEO indicated that he would be quitting when his contract ends in June
MALAYSIAN PACIFIC INDUSTRIES [] reported net loss of RM16 million in the October-December quarter, while its share price jumped 34% over the last two weeks.
