AmBank and CIMB helped the FBM KLCI rebound past the key 1,700 level in late morning trade on some window dressing activities after the recent selldown.
At 11.25am, the KLCI was up 9.5 points or 0.56% to 1,701.42. Turnover was 747.26 million shares valued at RM591.19mil. There were 314 gainers, 275 losers and 301 counters unchanged.
Affin Hwang Research has lowered its end-2015 target for the FBM KLCI to 1,740 and retained its Neutral outlook for the 30-stock index.
In its strategy report, it said the 1,740 target was based on a mean price-to-earnings (PE) of 15.7 times (previously 1,820 based on 15 times CY16E EPS).
AmBank rose 25 sen to RM6.24 and CIMB 13 sen higher at RM5.44.
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At 11.25am, the KLCI was up 9.5 points or 0.56% to 1,701.42. Turnover was 747.26 million shares valued at RM591.19mil. There were 314 gainers, 275 losers and 301 counters unchanged.
Affin Hwang Research has lowered its end-2015 target for the FBM KLCI to 1,740 and retained its Neutral outlook for the 30-stock index.
In its strategy report, it said the 1,740 target was based on a mean price-to-earnings (PE) of 15.7 times (previously 1,820 based on 15 times CY16E EPS).
AmBank rose 25 sen to RM6.24 and CIMB 13 sen higher at RM5.44.
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