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Malaysia shares may rise, tracking gains
on Wall Street, following news of Spain's plan to cut its budget deficit;
HwangDBS says local equities may ride on the back of possible quarter-end window
dressing activity and Budget 2013 expectations.
"On the chart, the benchmark
KLCI--following a three-day cumulative gain of 15.5 points--may challenge the
immediate resistance line of 1635," the house adds.
The KLCI ended Thursday up
0.5% at 1627.84. Among stocks in focus, potential beneficiaries of Budget 2013
includes REITs if withholding taxes are lowered, while possible losers may be
property developers if real property gains tax are raised and the gaming sector
if there's a hike in gaming tax.
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