10th Malaysia Plan in focus. Following the Dow's overnight 123-point rebound, the FBM KLCI inched up by 1.9 pts to 1290 pts yesterday. Gainers outnumbered losers by 344 to 266 and volume remained thin at 630m shares. News flow was extremely thin. In the news are Exxon Mobil, which said it will invest invest more than USD1bn to enhance crude oil output at Malaysia's maturing Tapis field in 2013, Hock Seng Lee's consortium was awarded a JKR contract worth RM72.5m for road construction in Sarawak, and Mudajaya enters into loan agreement amounting to RM2.75bn relating to its power plant project in Chhattisgarh, India. Overseas markets closed mixed last night, with the Dow down slightly to 9899 pts after failing to clear the 10,000-pt level but European markets gained 1% to 2%. The local market is likely to remain lackluster as it awaits leads from the 10th Malaysia Plan due to be announced this afternoon.
*Terkini – Jadual Seminar & Bengkel PUABUMI 2012
5 years ago