Closed marginally lower. The FBM KLCI was down by 0.81 points to close at 1,298.86 as investors stayed sidelined awaiting fresh leads. Key headlines today include Tan Sri Ong Ka Ting coming out of retirement to vie for the MCA president post in the party’s upcoming election, PAAB expected to complete the takeover of water assets in Perlis and Perak by end-May and Brite-Tech entering into a JV with Denmarkbased
Bio-Aqua AS to treat wastewater or water-based waste generated by palm oil mills. EcoFirst Consolidated proposed to dispose 19.86% stake in SEGi to Rexter Capital S/B for RM30.6m (RM1.73/share) and Coca Cola is looking to invest RM1bn in Malaysia over the next 5 years for a new bottling plant. Finally, US stocks and crude oil price closed higher after the Federal Reserve left the key interest rate unchanged. Crude oil price was up USD1.90 to close at USD81.70.
*Terkini – Jadual Seminar & Bengkel PUABUMI 2012
5 years ago