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Wednesday, April 7, 2010
Market Review
Buying continues. The FBM KLCI continued its uptrend ending 2.62 points higher on the back of strong buying interests on Tenaga and other selected key heavyweights. Corporate news flows includes: Pos Malaysia has announced that it will raise the domestic postal tariff rate by 87% effective July 1, DRB Hicom signed a MOU with Potenza Sports Car Ltd to manufacture and distribute hybrid cars, CIMB has completed the issuance of RM750m subordinated debts and Iris Corporation consortium has won a RM115.2m contract from Syarikat Prasarana Negara Bhd for the automatic fare collection system for the Kelana Jaya LRT line. US markets were mixed but generally showed a recovery towards the end of trading on indication that the US may keep its interest rates low. Finally crude oil price rose 22 cents to settle at US$86.84, which should help to keep the buying momentum on our local oil & gas stocks
Wednesday, April 7, 2010
Market Review
Buying continues. The FBM KLCI continued its uptrend ending 2.62 points higher on the back of strong buying interests on Tenaga and other selected key heavyweights. Corporate news flows includes: Pos Malaysia has announced that it will raise the domestic postal tariff rate by 87% effective July 1, DRB Hicom signed a MOU with Potenza Sports Car Ltd to manufacture and distribute hybrid cars, CIMB has completed the issuance of RM750m subordinated debts and Iris Corporation consortium has won a RM115.2m contract from Syarikat Prasarana Negara Bhd for the automatic fare collection system for the Kelana Jaya LRT line. US markets were mixed but generally showed a recovery towards the end of trading on indication that the US may keep its interest rates low. Finally crude oil price rose 22 cents to settle at US$86.84, which should help to keep the buying momentum on our local oil & gas stocks
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