Axiata, foremerly TM International, will come under focus when it goes ex on April 8 while Maybank’s entitlement to the rights shares should stabilise after falling sharply yesterday.
Analysts said market sentiment remained firm despite the mild pullback on April 7, in line with the regional markets. However, the weaker US markets could have a dampening effect on regional sentiment, including Malaysia as their corporate earnings report card get underway.
Other stocks which could see interest include Maybank and Maybank-OR, Proton, Top Glove and Tenaga while Gamuda and MRCB would continue to see strong trading interest. Maybank-OR, which is the entitlement to the rights shares, fell sharply on April 7 but it could see some stability on April 8.
The market would also await details of the new Cabinet under Prime Minister Datuk Seri Najib Razak, which is expected to be marginally smaller from that of his predecessor Tun Abdullah Ahmad Badawi.
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