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Monday, April 12, 2010
Market Review
Finishing higher. The FBM KLCI rose 1.05 points to 1,333.98 on a technical rebound on key heavyweights such as MISC. UMW Toyota Motor SB expects to increase exports further this year from the RM700m worth of vehicle components exported in 2009. Sunway Mas SB formed a JV with Monty Properties SB to undertake a property development project with an expected gross development value of RM120m on 6.75ha land. Perisai’s MD is disposing of a 19% stake in the company to HCM Logistic Ltd, a subsidiary of Singapore-listed Ezra Holdings Ltd. Finally, the US market was up to close just a shade below the important 11,000 pts psychological level but crude oil price fell USD0.47/barrel to USD84.92/barrel.
Monday, April 12, 2010
Market Review
Finishing higher. The FBM KLCI rose 1.05 points to 1,333.98 on a technical rebound on key heavyweights such as MISC. UMW Toyota Motor SB expects to increase exports further this year from the RM700m worth of vehicle components exported in 2009. Sunway Mas SB formed a JV with Monty Properties SB to undertake a property development project with an expected gross development value of RM120m on 6.75ha land. Perisai’s MD is disposing of a 19% stake in the company to HCM Logistic Ltd, a subsidiary of Singapore-listed Ezra Holdings Ltd. Finally, the US market was up to close just a shade below the important 11,000 pts psychological level but crude oil price fell USD0.47/barrel to USD84.92/barrel.
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