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Thursday, March 25, 2010
Market Review
Broadly higher. Following the Dow’s overnight 105-point gain, Kuala Lumpur stocks closed broadly higher yesterday with gainers trouncing losers by 453 to 255. The FBM KLCI gained 4.6 points at 1309.5 points, driven mainly by banking stocks. Regional bourses were mixed to slightly positive. TM has unveiled its HSBB offering, Bank Negara expects the local economy to grow between 4.5 – 5.5% this year, 7 new banking licenses to be issued this year, Tanjong reported its full year financial results, Gamuda’s associate company SPLASH offers to take over water services industry in Selangor for RM10.75bn, Malaysia’s biofuel mandate to start in June 2011. With the Dow’s mild decline last night, stocks may consolidate before attempting further gains.
Thursday, March 25, 2010
Market Review
Broadly higher. Following the Dow’s overnight 105-point gain, Kuala Lumpur stocks closed broadly higher yesterday with gainers trouncing losers by 453 to 255. The FBM KLCI gained 4.6 points at 1309.5 points, driven mainly by banking stocks. Regional bourses were mixed to slightly positive. TM has unveiled its HSBB offering, Bank Negara expects the local economy to grow between 4.5 – 5.5% this year, 7 new banking licenses to be issued this year, Tanjong reported its full year financial results, Gamuda’s associate company SPLASH offers to take over water services industry in Selangor for RM10.75bn, Malaysia’s biofuel mandate to start in June 2011. With the Dow’s mild decline last night, stocks may consolidate before attempting further gains.
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