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KUALA LUMPUR: Masterskill Education Group Bhd (MEGB), Sona Petroleum and SapuraKencana Petroleum (SKPetro) would see trading interest on Wednesday following the fresh corporate and market developments.

JF Apex Research said MEGB signed a memorandum of agreement with a China based company to provide industry training programmes for Chinese students.

As for R&A, the group is confident of turning around its business in two years after two consecutive financial years of losses since 2012.

Sona Petroleum’s bidding target, Salamander has received two buyout offers from Ophir Energy and consortium led by Spanish oil giant CEPSA and Jho Low’s Jynwel Capital which could jeopardise the company’s proposed acquisition.

StarBiz reported SKPetro’s shares have come under heavy selling in recent weeks, fell further on concerns over its exposure to Brazil as oil prices continued to slide.

Overnight on Wall Street, the Dow industrials extending gains into the fourth day and the S&P 500 and Nasdaq Composite higher on the month.

JF Apex Research said The positive mood was spurred by corporate earnings, a rise in consumer sentiment and anticipated the end of the Federal Reserve's bond buys.

Similarly, European stocks ended the day firmly in positive territory, regaining some of Monday's losses, as investors reacted to third-quarter earnings and prepared for a key monetary policy decision from the US.

At Bursa Malaysia, the FBM KLCI added 2.53 points to 1,825.68.

 http://www.thestar.com.my

“Following the bullish performance in the US, we expect the KLCI to test its resistance of 1,830 and attempt to break the downtrend since August,” said JF Apex Research.
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