Sightly higher ahead of New Economic Model. The FBM KLCI rose 2.66 pts to 1,315.14 as buying sentiment was stimulated by the upcoming announcement of the New Economic Model this week. Major news today includes Datuk Seri Dr Chua Soi Lek winning the Presidency of the MCA after a close race and EPU stating that the first phase of the toll road restructuring study was complete. Axiata has raised USD554m
from the sale of an 18% stake in Indonesia’s XL Axiata. The Sarawak Timber Association expects tropical plywood prices, which have recovered by about 20% y-o-y, to continue to go up as inventories in Japan are depleting. EON Capital announced that Bank Negara has approved the appointment of 7 new independent directors. Oilcorp which is expected to resume trading today, has announced another RM175.9m loss for
4QFY10. Finally, US stocks closed mix while crude oil price fell on Friday, losing USD0.53 to USD80.00.
*Terkini – Jadual Seminar & Bengkel PUABUMI 2012
4 years ago