Closed sharply higher. The FBM KLCI closed 11.20 points higher to 1,304.9 points
supported by gains across selected financial and plantation heavyweights. Corporate
newsflows includes: Bank Negara Malaysia has approved the resignation of EON
Capital’s four independent directors, Danajamin has approved RM1.4bn in bond
guarantees, Silk Holdings reported a 55% decline in 2Q net profit and Sindora plans to
invest in a RM36m bio-fertiliser plant. Taking cue from the positive close in the US
market on the back of better than expected home sales data, there is upside bias on
the local bourse today.
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Wednesday, March 24, 2010
Wednesday, March 24, 2010
Market Review
Closed sharply higher. The FBM KLCI closed 11.20 points higher to 1,304.9 points
supported by gains across selected financial and plantation heavyweights. Corporate
newsflows includes: Bank Negara Malaysia has approved the resignation of EON
Capital’s four independent directors, Danajamin has approved RM1.4bn in bond
guarantees, Silk Holdings reported a 55% decline in 2Q net profit and Sindora plans to
invest in a RM36m bio-fertiliser plant. Taking cue from the positive close in the US
market on the back of better than expected home sales data, there is upside bias on
the local bourse today.
supported by gains across selected financial and plantation heavyweights. Corporate
newsflows includes: Bank Negara Malaysia has approved the resignation of EON
Capital’s four independent directors, Danajamin has approved RM1.4bn in bond
guarantees, Silk Holdings reported a 55% decline in 2Q net profit and Sindora plans to
invest in a RM36m bio-fertiliser plant. Taking cue from the positive close in the US
market on the back of better than expected home sales data, there is upside bias on
the local bourse today.
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