Bursa Malaysia Today's Market Preview 3001
For a change, Wall Street played catch-up with Asian equities when its key equity indices rose between 1.0% and 1.2% last night following an extended weekend break. Essentially, sentiment was lifted by opinion polls that Greece voters were in favour of the country remaining in the euro bloc while U.S. housing date showed improvements.
Back home, the benchmark FBM KLCI’s further progress is expected to be blocked by the next resistance barrier of 1,580 after breaking past the immediate threshold of 1,555 yesterday.
Meanwhile, on the corporate front, the raft of result announcements out last evening saw mixed reviews with positive surprise coming from UMW Holdings but IJM Corporation, IJM Plantations and Sunway disappointed. Separately, Pestech International is due to make its debut listing on the Main Board this morning.