KUALA LUMPUR: Hwang DBS Vickers Research expects investors to focus on the Budget 2011 proposals when announced at 4pm on Friday, 2010.

With the Prime Minister Datuk Seri Najib Razak starting to present the proposals at 4pm, this would give them an hour or so to react before market close.

Hwang DBS Vickers Research said among the possible sectors that could see an impact include CONSTRUCTION [], property and banks as the government may disclose finer details on the rolling out of mega infrastructure projects (e.g. MRT and LRT), the redevelopment plans for government land parcels and additional measures to enhance the vibrancy of the stock market.

Potential losers may be brewery companies and gaming operators should the government decide to raise sin taxes.

"Technically, the benchmark FBM KLCI will likely show a slight positive bias and attempt to pull away from the resistance-turned-support level of 1,495 again today, hoping to cross the psychological mark of 1,500 ahead," it said.