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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