KUALA LUMPUR: Hwang DBS Vickers Research (HDBSVR) said on Monday April 19 that negative vibes from external sources will provide an excuse for investors to take profit on Malaysian equities.
“If so, then the benchmark FBM KLCI is expected to slip ahead, possibly on its way towards the first support level of 1,305,” it said.
Essentially, regional stock markets could be in the red when trading resumes this morning following last Friday’s tumble on Wall Street. Major U.S. stock bellwethers plunged between 1.1% and 1.6% at the closing bell hit by fraud allegations at Goldman Sachs.
HDBSVR said on Bursa Malaysia, new developments have emerged with regard to Hong Leong Bank’s offer to acquire the assets and liabilities of EON Capital, which may translate to added trading interest in related counters on Monday.
“In particular, Affin has responded by stating that it has not submitted any competing bid to Bank Negara to buy over EON Capital’s banking business. Separately, Primus (an existing substantial shareholder of EON Capital) has issued a statement to say that it has no intention to sell out of EON Capital,” it said.
About Me
- Nuang
- Ibrahim bin Ramli@Nuang started his career with CIMB Wealth Advisors Berhad as Agency Manager in April, 2008.Previously he was an Internal Auditors and Accounts Executive with Perodua Sales Sdn Bhd since 17 August, 1994. His background:- 1.Certified of Achievement for Master Sales Leadership from Dr Lawrence Walter Ng of President of The Art Of Learning and International Of Learning Without Learning 2.Certified for eXtra Ordinary Performance of Lawrence Walter Award Certificate for One Million Ringgit Club 2007 3. Certified Life & General insurances 4. Conferred with Diploma in Business Studiess & Bachelor of Business Admin(Hons)Finance from UiTM, Terengganu Branch & Shah Alam respectively;
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