KUALA LUMPUR (Feb 29): HwangDBS Vickers Research said there is a chance for the Malaysian bourse to leap forward on Wednesday.
HDBSVR said that in playing catch-up with its regional peers – which mostly ended higher on Tuesday – the benchmark index could pull away from the first support line of 1,555 ahead.
It said that overnight on Wall Street, main equity bellwethers rose between 0.2% and 0.7% amid hopes that the European Central Bank (ECB)’s long-term refinancing operation scheduled this afternoon would inject more liquidity into the monetary system, thus easing the banks’ funding strains.
At Bursa Malaysia, among the slew of financial result announcements that were releasedon Tuesday, UEM Land and Padini surprised on the upside but Masterskill came in below par.
Other corporate developments that may be of interest include: (a) TSM Global, after receiving a proposal to take over its businesses for RM1.25 per share (versus its last done price of RM1.12); and (b) CWorks, which is in advanced talks to take over a profitable IT company according to one media report.
HDBSVR said that in playing catch-up with its regional peers – which mostly ended higher on Tuesday – the benchmark index could pull away from the first support line of 1,555 ahead.
It said that overnight on Wall Street, main equity bellwethers rose between 0.2% and 0.7% amid hopes that the European Central Bank (ECB)’s long-term refinancing operation scheduled this afternoon would inject more liquidity into the monetary system, thus easing the banks’ funding strains.
At Bursa Malaysia, among the slew of financial result announcements that were releasedon Tuesday, UEM Land and Padini surprised on the upside but Masterskill came in below par.
Other corporate developments that may be of interest include: (a) TSM Global, after receiving a proposal to take over its businesses for RM1.25 per share (versus its last done price of RM1.12); and (b) CWorks, which is in advanced talks to take over a profitable IT company according to one media report.
