Published: Monday June 18, 2012 MYT 8:39:00 AM
Updated: Monday June 18, 2012 MYT 3:10:11 PM
HDBSVR sees KLCI extending gains
KUALA LUMPUR: Hwang DBS Vickers Research said a sense of relief could boost Asian equities on Monday.
“This follows the outcome of Greece's election held yesterday, which saw pro-bailout parties winning sufficient number of seats to form the new government, thus reducing the risk of a Greek euro exit,” it said.
HDBSVR said \back home, the benchmark FBM KLCI will likely challenge and possibly overcome the immediate resistance level of 1,580 ahead. On the chart, the next resistance threshold is currently pegged at 1,610.\\
“Hoping to get a lift on our local bourse today are beaten-down index-linked counters like Genting Bhd and Genting Malaysia. Other stocks that may be of added interest too include K & N Kenanga, which has announced its plan to acquire the investment banking business of ECM Libra for RM875mil.