2012年9月3日星期一

Malaysia Shares May Consolidate;1650-1655 Band Tipped

04 Sep 2012 
Malaysia shares may consolidate as investors reassess their positions in the absence of fresh leads after Wall Street was closed Monday for a holiday; but a positive bias may emerge as most European stocks rose Monday amid hopes for action from the ECB in the near term. 

 "The benchmark KLCI could pull away a bit further from the resistance-turned-support level of 1650 as it attempts to breach past its all-time high of 1,655.49 ahead," says HwangDBS. 

The KLCI ended Monday up 0.5% at 1653.90. Among stocks in focus, Zelan (2283.KU), KUB Malaysia (6874.KU) and KKB Engineering (9466.KU) may see some price action after they announced separate contract wins.

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