KUALA LUMPUR (Feb 3): Hwang DBS Vickers Research said whilst the underlying market tone remains bullish – after the FBM KLCI surged 15.8 points on Thursday, investors might see a slower climb on Friday.
“On the chart, the benchmark index’s immediate resistance level currently stands at 1,555,” it said in its technical outlook for the KLCI on Friday.
HDBSVR said the rotational plays on the local stock market– especially among the small-mid caps – could persist amid the positive momentum.
Counters that may be of interest include: (a) Cypark Resources, which has secured a government approval for a concession to develop a new sanitary landfill project in Negeri Sembilan; and (b) Knusford, after being appointed to be the turnkey contractor and master developer for the transformation of Johor Bahru central district.
“On the chart, the benchmark index’s immediate resistance level currently stands at 1,555,” it said in its technical outlook for the KLCI on Friday.
HDBSVR said the rotational plays on the local stock market– especially among the small-mid caps – could persist amid the positive momentum.
Counters that may be of interest include: (a) Cypark Resources, which has secured a government approval for a concession to develop a new sanitary landfill project in Negeri Sembilan; and (b) Knusford, after being appointed to be the turnkey contractor and master developer for the transformation of Johor Bahru central district.
