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Tuesday, April 6, 2010
Market Review
Broadly higher. The FBM KLCI’s uptrend continued, with the benchmark ending 5.81 points higher on the back of strong buying in key financial heavyweights. Today’s corporate news include Maybank proposing to transfer its entire 69.05% stake in Maybank Fortis to Etiqa International Holdings SB for RM360m, Sime Darby has completed the acquisition of the Teluk Ramunia fabrication yard from Ramunia Holdings Bhd, CIMB has received approval from Bank Negara Malaysia for its dual listing in the Thailand Stock Exchange and Boustead plans to dispose of 17,000 ha of land in Sumatra for US$50m. Finally US markets ended 0.4% higher as stronger jobs reports indicate that the economic recovery is taking hold.
Tuesday, April 6, 2010
Market Review
Broadly higher. The FBM KLCI’s uptrend continued, with the benchmark ending 5.81 points higher on the back of strong buying in key financial heavyweights. Today’s corporate news include Maybank proposing to transfer its entire 69.05% stake in Maybank Fortis to Etiqa International Holdings SB for RM360m, Sime Darby has completed the acquisition of the Teluk Ramunia fabrication yard from Ramunia Holdings Bhd, CIMB has received approval from Bank Negara Malaysia for its dual listing in the Thailand Stock Exchange and Boustead plans to dispose of 17,000 ha of land in Sumatra for US$50m. Finally US markets ended 0.4% higher as stronger jobs reports indicate that the economic recovery is taking hold.
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