Follow through buying. The market rose 1.21 points to 1,298.4 on the back of growing optimism on the sustainability of the global economic recovery. Today’s corporate news are: PT Telekomnikasi Indonesia International is believed to have increased its stake in Scicom to 29.3%, Bank Negara has appointed former managing director of Danamodal, Datuk Muhasmmad Ibrahim, as new deputy governor, IJM has clinched a RM350m construction contract as part of the second Penang bridge, Maxis is open to sharing its telecommunication infrastructure with other telco players, PLUS Expressways has proposed to acquire the entire equity stake of Teras Teknologi from the UEM Group for RM44m, Sarawak Plantation intends to increase its oil palm hectarage by 8,000ha by 2011, Naim plans to increase its current 36% stake in Dayang Enterprise and Sunway REIT has indicated a potential yield of 6.8% to 7.5%. Overnight, the Dow jumped 213.9 points, driven by strong factory production data, while crude oil price closed slightly higher at USD75.98 per barrel.
*Terkini – Jadual Seminar & Bengkel PUABUMI 2012
4 years ago