KUALA LUMPUR (Jan 13): Hwang DBS Vickers Research expects to see mixed action on Bursa Malaysia on Friday.
“The key FBM KLCI is expected to oscillate sideways with a marginal upward bias ahead, possibly climbing towards the immediate resistance barrier of 1,530,” it said.
The research house said on the other hand, rotational speculative buying activity on the lower liners could persist to hold up market momentum.
Over on Wall Street, major U.S. equity indices were up slightly by between 0.2% and 0.5% on Thursday night.
Essentially, sentiment got a lift from lower borrowing costs at sovereign bond auctions in Europe, which more than offset disappointing U.S. economic data.
HDBSVR said of probable interest to investors in Malaysia are stocks such as: (a) Proton, as it moves a step closer to a potential sale of its controlling block of shares after a local financial daily reported that major shareholder Khazanah Nasional has asked potential bidders to furnish funding details next week; and (b) AirAsia, after its associate AirAsia X has cut routes to Paris, London, Mumbai and New Delhi.
“The key FBM KLCI is expected to oscillate sideways with a marginal upward bias ahead, possibly climbing towards the immediate resistance barrier of 1,530,” it said.
The research house said on the other hand, rotational speculative buying activity on the lower liners could persist to hold up market momentum.
Over on Wall Street, major U.S. equity indices were up slightly by between 0.2% and 0.5% on Thursday night.
Essentially, sentiment got a lift from lower borrowing costs at sovereign bond auctions in Europe, which more than offset disappointing U.S. economic data.
HDBSVR said of probable interest to investors in Malaysia are stocks such as: (a) Proton, as it moves a step closer to a potential sale of its controlling block of shares after a local financial daily reported that major shareholder Khazanah Nasional has asked potential bidders to furnish funding details next week; and (b) AirAsia, after its associate AirAsia X has cut routes to Paris, London, Mumbai and New Delhi.
