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Monday, March 8, 2010
Market Review
Sharply higher close. The FBM KLCI jumped 15.69 points to close at 1,299.78 to the highest since 25 Jan. Malaysia’s export surged 37% y-o-y to RM52.5bn as the country’s manufacturers shipped more goods to China and Europe following the global economic recovery. Bank Negara’s international reserves amounted to RM331.8bn as at 25 Feb 2010. Felda is not expected to be listed soon as it is still undergoing restructuring to transform itself into a globally integrated and diversified agro-based MNC while PPB expects to utilise RM1.29bn of the proceeds from the sale of its sugar business to expand its existing flour milling and property businesses. Finally, both US stocks and crude oil price rose on Friday, with crude oil price adding USD1.58 to USD81.50.
Monday, March 8, 2010
Market Review
Sharply higher close. The FBM KLCI jumped 15.69 points to close at 1,299.78 to the highest since 25 Jan. Malaysia’s export surged 37% y-o-y to RM52.5bn as the country’s manufacturers shipped more goods to China and Europe following the global economic recovery. Bank Negara’s international reserves amounted to RM331.8bn as at 25 Feb 2010. Felda is not expected to be listed soon as it is still undergoing restructuring to transform itself into a globally integrated and diversified agro-based MNC while PPB expects to utilise RM1.29bn of the proceeds from the sale of its sugar business to expand its existing flour milling and property businesses. Finally, both US stocks and crude oil price rose on Friday, with crude oil price adding USD1.58 to USD81.50.
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