Sharply higher on Thursday. The FBM KLCI soared 20.22 points to close at 1,269.16 on bargain hunting as investors continued to buy attractive stocks which have been sold down recently. Prime Minister Datuk Seri Najib Tun Razak said that the Government would gather public opinion on whether to keep or remove the current subsidies. Affin Bank has sought the green light from Bank Negara to make a general offer for EON Capital at a price of between RM7.40 and RM7.60/share. Khazanah has proposed to acquire 313m shares in Parkway Holdings Ltd for RM2.8bn while MAHB expects a 10% growth in passenger traffic volume in 2010. Ta Ann Holdings will invest RM50m in a 2nd crude palm oil mill in 2010 and CapitaMalls Asia Ltd plans to spend RM3.5bn over the next 3-5 years to either buy or build retail space. The US government has revised downwards its 1Q GDP to 3.0% from its initial estimate of 3.2%. Finally, the US markets were lower on Friday following the downgrade on Spain’s debt. Crude oil price was also marginally lower by USD0.58 at USD73.97/barrel.
*Terkini – Jadual Seminar & Bengkel PUABUMI 2012
4 years ago