Drifting. The FBM KLCI staged a mild recovery to close 1.91 points higher at 1,288.2 on the back of buying support on key heavyweights Maybank, Genting, Axiata and Tenaga. Today’s key headlines include Air Asia X plans an IPO next year, MARC has placed the rating of water companies in Selangor under negative watch, Proton has no plans to sell Lotus for now, Malaysia will issue RM2.5bn of Islamic bonds, Mudajaya has set a target of increasing its order book by RM1bn a year and a subsidiary of Kannaltec has filed a suit against the Selangor government for RM681.7m. We expect the market to remain volatile, given the ongoing uncertainty over the European debt crisis.
*Terkini – Jadual Seminar & Bengkel PUABUMI 2012
4 years ago