After rising on the strength of plantation counter and CPO prices yesterday, the key Kuala Lumpur Composite Index (KLCI) may climb further to test the psychological mark of 1,300 today on account of the overnight lift on Wall Street ( whose major equity indices jumped between 1.0% and 1.8% at the closing bell).
Essentially, the Malaysia benchmark index is likely to show a positive bias attributable to buying activities of selected index-linked stocks although the broad performance is expected to be marred by a mixed market breadth and slow trading activity.
On the data front, the index of industrial production (IPI) report for Mar is due for release later today, with one media survey projecting an annual increase of 4.5% for the month.
Tuesday, May 13, 2008
13-May-2008 Today's Market Preview
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