KUALA LUMPUR (Feb 21): HwangDBS Vickers Research (HDBSVR) said the Malaysian stock market may continue to climb slowly and steadily amid positive foreign news flows on Tuesday.
“The benchmark FBM KLCI will probably advance towards the immediate resistance target of 1,580 ahead,” it said.
HDBSVR said while Wall Street was on holiday yesterday, most European stock markets rose overnight. Essentially, investors remained confident that the eurozone finance ministers would be able to wrap up talks for Greece to meet certain conditions in exchange for international bailout funds.
At Bursa Malaysia, stocks which could see trading interest are Mitrajaya Holdings, which has secured the awards of 3 CONSTRUCTION [] projects (to build LRT stations and apartments) worth RM182 million.
Also in focus is Nilai Resources Group, in response to a selective capital reduction and repayment proposal made by its major shareholder at a cash offer price of RM1.50 per share (versus its current share price of RM1.30).
Notion VTec could see trading interest after proposing a three-for-four bonus issue and an issuance of free warrants on the basis of one warrant for every four existing shares held prior to the bonus issue.
“The benchmark FBM KLCI will probably advance towards the immediate resistance target of 1,580 ahead,” it said.
HDBSVR said while Wall Street was on holiday yesterday, most European stock markets rose overnight. Essentially, investors remained confident that the eurozone finance ministers would be able to wrap up talks for Greece to meet certain conditions in exchange for international bailout funds.
At Bursa Malaysia, stocks which could see trading interest are Mitrajaya Holdings, which has secured the awards of 3 CONSTRUCTION [] projects (to build LRT stations and apartments) worth RM182 million.
Also in focus is Nilai Resources Group, in response to a selective capital reduction and repayment proposal made by its major shareholder at a cash offer price of RM1.50 per share (versus its current share price of RM1.30).
Notion VTec could see trading interest after proposing a three-for-four bonus issue and an issuance of free warrants on the basis of one warrant for every four existing shares held prior to the bonus issue.
