Market taking a breather? The FBM KLCI lost 12.16 pts, or 0.9%, to end at 1,332.93 on profit taking after 13 days of uninterrupted upward trading. Losers outpaced gainers by 476 to 239 while 292 counters were unchanged, 350 untraded and 31 others suspended. Among the key market news today are Petronas to list its petrochemicals business and MISC’s heavy engineering unit, JAKS Resources signed a USD2bn deal
to build two 600-megawatt coal-fired power plants. London Biscuits offers to take over all of TPC Plus at 30 sen/share, AirAsia to start Vietnam flights in August, Bina Puri wins RM62.8m Thai warehouse contract, Ireka bags RM36.2m Iskandar interchange job, Naza Group to invest RM25m in one-stop bike centers, and IPI rose 4.9% y-o-y in February 2010, Malaysia to delay GST to after 2011 and LPI Capital posted a higher pre-tax profit of RM48.8m for 1Q. Overnight, the DJIA gained 29.55 pts to 10,927.07 as retailers rallied on better-than-estimated sales, while the euro reversed its losses against the dollar as concerns over a Greek default subsided.
*Terkini – Jadual Seminar & Bengkel PUABUMI 2012
4 years ago