Greece woes hurt sentiment. The FBM KLCI fell 3.78 pts to 1,331.87 on losses in heavyweights and blue chips as investors were concerned over the possible impact of Greece's sovereign debt crisis. Overnight, US stocks tumbled the most in a year on concern Europe’s debt crisis will disrupt the global recovery. The selloff briefly erased more than USD1 trillion in market value as the DJIA plunged nearly 1,000 pts in its biggest percentage loss since 1987, before paring its losses with a 347.8-pt drop to finish at 10,520.32. We expect to see similar panic selling in the regional bourses, including the local bourse today. Today’s news flow was thin, with the key highlight s being the Government mulling plans to legalise sports betting, Transport Minister Datuk
Seri Ong Tee Keat shot down Malaysian airlines' call for a national aviation policy to regulate the industry, IJM unit bags RM247m in Sarawak road contracts, Bank Islam eyes a stake in PT Bank Muamalat, Kuok family company sells KLCC land for RM150m, Aker Solutions bags a RM100m contract for the Kebabangan Northern Hub project offshore Sabah, Multi Sports plans 1-for-4 rights issue and MISC’s Q4 net profit improved q-o-q.
*Terkini – Jadual Seminar & Bengkel PUABUMI 2012
5 years ago