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Published: Thursday September 20, 2012 MYT 8:49:00 AM
HDBSVR sees KLCI riding on recovery momentum
KUALA LUMPUR: Hwang DBS Vickers Research (HDBSVR) expects the FBM KLCI to probably ride on its recovery momentum by extending its cumulative gains of 32.33 points (up 2.0%) chalked up in the past four days.
"Nevertheless, we reckon the benchmark index could struggle to overcome the immediate resistance barrier of 1,655 for the time being," it said on Thursday.
However, HDBSVR said there was no visible lead coming from Wall Street last night. Leading US equity indices were barely up (by between 0.1% and 0.2%) partly due to positive US housing data.
As for Bursa Malaysia, it said stocks that will likely find added interest include Genting Bhd, amid news saying that it might be trimming its near 10% stake in Australia's casino operator Echo Entertainment.
A local news report said WCT had emerged as the frontrunner to secure a RM700mil contract to build a teaching hospital in Sabah.
HDBSVR also said Petra Energy could also see trading interest on news of a risk service contract to develop marginal oilfields with a Canadian-based partner.
- 600 left homeless after fire in one of Sarawak's oldest Malay villages
- NS trainee gives birth in camp toilet
- Sabah Railway train rams car driven by Hong Kong tourist, driver in critical condition
- Ex-judge calls for rebranding of vernacular schools
- Berapit rep assaulted after advising woman not to conduct open burning
- Penang freak storm: Video clip of lightning arrester collapse uploaded on YouTube
- No brotherly love - man attacked and robbed by his twin
- Black 505 rally supporters stage another flash mob in KL
- Subramaniam: Health Ministry to set up operation rooms where API exceeds 200
- Penang freak storm: Police complete probe, no human remains found in car wreckage
- Delays in KLIA2 opening affecting AirAsia's expansion plans, says CEO
- Open sale of sex stimulants in Sabah worries Kiulu rep Bangkuai
- Seven out of 12 Opposition reps in Sabah want Lajim as chief
- Robbery at sea of cargo ship being investigated, unsure if pirates involved, say police
- Fire and Rescue Department: 14 areas highly susceptible to forest fires identified
- Kulim suspended on Thursday for corporate announcement
- Petronas Dagangan eyes regional airports to expand jet fuel biz
- KLCI ends in the red, BAT, UMW down (Update)
- Gloom lifted from MRCB Southern Link as ratings upgraded
- Malaysia's May inflation rate up 1.8% on-year
- Nazir: Bank of Commerce talks to conclude shortly
- Japan's exports pick up pace, give economy momentum
- Asia business sentiment rises in second quarter, global growth risk still dominates
- Moody's: Outlook on China's life insurance industry stable
- AIA and Public Bank offer new insurance plans
- Tambun Indah plans RM200m capex to expand landbank
- Tune Ins sees healthy growth as air travel, tourism pick up
- Nazir Razak: Rising likelihood of major reversal of hot money out from Asia
- Blue chips edge higher in volatile trade (Update)
- Eversendai tendering for RM8b of projects
- Singapore smog reaches record high (Updated)
- India monsoon floods leave 138 dead
- Turkey's 'silent man' vigils go on as protests fizzle out
- French floods claim first victim, Lourdes remains closed
- Thousands evacuated after blasts at Russian arms depot
- Bieber off hook after car hits photographer
- Mexico arrests man on FBI's top 10 Most Wanted list
- Disabled woman, US child held captive with snakes
- World's largest all-solar-powered boat shines in NYC
- Samoan airline introduces 'XL' class
- West Africa has world's worst piracy rate
- Congolese teacher admits killing elephants for ivory: WWF
- NASA enlists public in hunt for major asteroids
- Nadal seeded five at Wimbledon
- NBA: Heat beat Spurs to force game seven
- FedEx eyes record win at Wimbledon
- Brazilian Massa looking ahead to team’s revival
- V Shem-Khim Wah face tough opener in Singapore Open
- Springboks’ De Villiers may miss final
- Results worldwide
- Former world junior champ Zulfadli in main draw
- Star Wallaby winger fit to face Lions
- Hesson laments NZ’s failure to grab chance
- Omega Pharma pin Tour hopes on Mark
- Shahidan needs Cabinet nod to hold posts, says Khairy
- Direct flight now to Naypyitaw for Malaysian SEA Games squad
- Aussie Kulacz hopes to repeat 2009 Selangor Masters triumph
- India’s Anirban relying on short putter for success
- Singapore pressures Indonesia to identify firms behind haze
- Nazir Razak: Rising likelihood of major reversal of hot money out from Asia
- Inter-Pacific Research values AirAsia X at RM1.66
- EPF being courted by mid-cap companies
- AIA and Public Bank offer new insurance plans
- Vehicle sales down for 2nd consecutive month
- CIMB Research upgrades Malaysia’s Small Cap sector to Outperform
- Talks on the proposed M’sia-Spore Rapid Transit System still going on
- Astro aims to boost user base to 3.6 million by year-end
- MAHB sets May 2, 2014 as KLIA2 revised opening date
- Inter-Pacific Research values AirAsia X at RM1.66
- Nazir Razak: Rising likelihood of major reversal of hot money out from Asia
- Hong Kong probes HSBC, other banks for alleged misconduct
- Talks on the proposed M’sia-Spore Rapid Transit System still going on
- EPF being courted by mid-cap companies
- MAHB sets May 2, 2014 as KLIA2 revised opening date
- AIA and Public Bank offer new insurance plans
- Malaysia-Kuwait tie-up to boost Islamic finance training
- Fitch Affirms Genting and Genting Singapore at 'A-'/ Stable
- More effort needed to attract foreign direct investment due to stiff regional competition
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