Skittish. Regional markets were bashed down yesterday in reaction to fraud charges involving Goldman Sachs. The FBM KLCI headed south at the opening bell, sinking to an intraday low of 1321.25 pts before paring its losses for a more restrained close of a 6.1 pts loss. The number of losers outpaced gainers almost 5-to-1. Today’s key headlines are: (i) Supermax reported a 161% y-o-y jump in 1Q10 profit; (ii) Affin said it may want to look at the potential acquisition of EON Capital, amid rumours that the group may submit a proposal to Bank Negara this week. Overnight, the Dow rose half a percent on the late run on financial stocks and as investors chose to look at the upcoming reporting season. With the market undertone likely to remain cautious, we
expect the local index to languish further today with rotational buying among some blue chips and second liners.
*Terkini – Jadual Seminar & Bengkel PUABUMI 2012
4 years ago