HDBSVR sees Malaysia’s blue chips hitting new 6-week high


  • Business Premium
  • Wednesday, 19 Dec 2012

KUALA LUMPUR: Hwang DBS Vickers Research (HDBSVR) sees the FBM KLCI trading with an upward bias on Wednesday after the firmer overnight close on Wall Street, as sentiment was shored up by ongoing optimism on addressing the “fiscal cliff” by the White House. It said on Wednesday the better performance of the US and European markets could result in the FBM KLCI trading with an upward bias.

“This could push the index to touch a new six-week high,” it said in its market outlook. HDBSVR said on domestic corporate newsflow, there might be added interests in Hai-O, as its managing director had proposed a higher dividend to its board.

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