Higher on selective buying. The FBM KLCI rose 3.37 pts in last minute trading to 1,337.01 on rotational play in selective heavyweights and lower liners. Gainers beat losers by 333 to 307 while 396 counters were unchanged, 396 untraded and 28 were suspended. Among the key market news today are Bank Negara’s international reserves amounted to RM313.1bn (USD95.7bn) as at 15 April 2010, F&N disposes of land to Mah Sing for RM53.8m, Masterskill aims for USD240m from IPO, Putra Place auction price lowered to RM571m, Tan Sri Gnanalingam offers to take over Maika at 80 sen per share, Northport records 26% traffic growth and Axiata’s guaranteed notes were over-subscribed. Overnight, the DJIA closed 9.37 pts higher to 11,134.29 as investors speculated that financial regulation would not be too damaging to earnings. We expect
investors to remain on the sidelines ahead of the Hulu Selangor by-election on Sunday and the key index may be range-bound pending any fresh leads.
*Terkini – Jadual Seminar & Bengkel PUABUMI 2012
6 years ago