KUALA LUMPUR: JF Apex Research expects MMC, Genting, UMW, Icon Offshore, Econpile, Tambun Indah and MKH to be among the stocks to watch on Thursday after the release of their financial results.
Overnight on Wall Street, US markets rallied following a sharp rebound to break a 6-day losing streak. European stocks declined on concerns over China's slowing economy and timing of US' interest rate hike.
On the local front, the FBM KLCI gained 16.43 points to 1,580.37 to extend its rebound.
“Following the positive performance in the US, the KLCI might test its resistance of 1,600,” it said.
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