Market Preview From HWangDBS (21 APR 2011)
There is a chance for the benchmark FBM KLCI to break away from the resistance-turned-support line of 1,530 today, as the bellwether makes its way towards the next resistance target of 1,550 on the back of follow-through buying momentum.
Giving a boost to investors’ sentiment is the overnight jump on Wall Street. Key U.S. stock indices were up between 1.4% and 2.1% at the closing bell lifted by better-than-expected corporate financial results. Back home, we will also be hoping for positive vibes to emerge from the ongoing earnings reporting season as the likes of Tenaga and BAT are scheduled to announce their latest quarterly results this evening. Separately, there may be a pick-up in trading interest in TRC Synergy, which has just secured new construction contracts worth RM44m.
Report from HwangDBS
Giving a boost to investors’ sentiment is the overnight jump on Wall Street. Key U.S. stock indices were up between 1.4% and 2.1% at the closing bell lifted by better-than-expected corporate financial results. Back home, we will also be hoping for positive vibes to emerge from the ongoing earnings reporting season as the likes of Tenaga and BAT are scheduled to announce their latest quarterly results this evening. Separately, there may be a pick-up in trading interest in TRC Synergy, which has just secured new construction contracts worth RM44m.
Report from HwangDBS
0 comments:
Post a Comment