KUALA LUMPUR: Hwang DBS Vickers Research expects the FBM KLCI to probably stage a flattish performance on Friday, Oct 29, ending the week near the psychological level of 1,500.

"This is in view of a dearth of fresh market developments that are needed to stimulate further buying interest," it said.

The research house said this was a similar story on Wall Street. Major U.S. equity indices showed a daily change of between -0.1% and +0.2% at the closing bell as investors were waiting for new market leads to emerge.

"Back home, Tenaga shares may come under a bit of selling pressures after its FY Aug 10 full-year financial results came in slightly below par.

"But the highlight of the day will be the debut listing of Malaysia Marine & Engineering Holdings - a heavy engineering and marine services provider in the oil & gas segment - which would be valued at a market cap of RM6.1 billion based on the institutional offer price of RM3.80 per share," it said.