Selective buying. The BM KLCI closed 1.34 pts higher to 1,304.47 on buying interest in selected heavyweights and lower liners. Gainers led decliners by 295 to 277 while 294 counters were unchanged, 502 untraded and 35 suspended. Today’s key market news include BNM to issue licences to 5 foreign banks, Ekuinas to buy a 20% Tanjung Offshore stake for RM73.4m, AP Land is in a smart partnership with Help to identify education business opportunities in Malaysia and China, Alliance Bank officially names Sng Seow Wah as new group CEO and SP Setia’s Q2 net profit jumped 26.3%. Overnight, the MSCI World Index extended its longest advance in 11 months, as a lateday rally in technology shares helped the US market to reverse an early drop. The DJIA closed up a marginal 24.71 pts to 10,434.17.
*Terkini – Jadual Seminar & Bengkel PUABUMI 2012
5 years ago