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Monday, April 19, 2010
Market Review
Profit taking continues. The FBM KLCI ended the week broadly lower, closing at 1,332.77, or 6.06 pts lower, on profit-taking in sluggish trade. Decliners thumped advancers 495 to 201 while 305 counters were unchanged, 359 untraded and 31 others suspended. Among the key market news today are Primus saying it has no intention of selling out EON Capital while Affin Holdings denied it has put in a revised proposal,. Meanwhile, Axiata plans to issue USD300mil bonds, TNB rumoured to be expanding its Manjung coal fired power plant and MISC entering into a JV with Petromin PNG Shipping Ltd. Taking the cue from the DJIA, which tumbled 125.91 pts to 11,018.66 as allegations of fraud at Goldman Sachs Group Inc. heightened concerns that the US government will crack down on Wall Street, share prices on Bursa Malaysia will probably begin the week with volatile trading.
Monday, April 19, 2010
Market Review
Profit taking continues. The FBM KLCI ended the week broadly lower, closing at 1,332.77, or 6.06 pts lower, on profit-taking in sluggish trade. Decliners thumped advancers 495 to 201 while 305 counters were unchanged, 359 untraded and 31 others suspended. Among the key market news today are Primus saying it has no intention of selling out EON Capital while Affin Holdings denied it has put in a revised proposal,. Meanwhile, Axiata plans to issue USD300mil bonds, TNB rumoured to be expanding its Manjung coal fired power plant and MISC entering into a JV with Petromin PNG Shipping Ltd. Taking the cue from the DJIA, which tumbled 125.91 pts to 11,018.66 as allegations of fraud at Goldman Sachs Group Inc. heightened concerns that the US government will crack down on Wall Street, share prices on Bursa Malaysia will probably begin the week with volatile trading.
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