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| HDBSVR sees FBM KLCI trading range bound |
| Business & Market 2010 | |||
| Written by Hwang DBS Vickers Research | |||
| Tuesday, 20 July 2010 08:39 | |||
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KUALA LUMPUR: Hwang DBS Vickers Research (HDBSVR) expects Bursa Malaysia to get better ahead on Tuesday, July 20 against a relatively stable external backdrop. “Nevertheless, we reckon the benchmark FBM KLCI will probably range bound inside a narrow band for now, with 1,340 still stands as its immediate resistance hurdle,” it said. Overnight, Wall Street showed a sense of stability as its key equity bellwethers rose between 0.6% and 0.9% at the closing bell, lifted by pockets of positive earnings assessments for U.S. corporate. “Back home, there should be added interest in the financial results announcements by Public Bank (after yesterday’s delay) and DiGi. Their latest report cards for the Apr – Jun quarter will be released around lunch time today,” it said.
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