Index higher on selective buying. The FBM KLCI ended 4.67 pts higher at 1,311.75 on selective buying in heavyweight counters, pushing the key index into positive territory. Nevertheless, losers outnumbered gainers by 307 to 275 while 272 counters were unchanged, 507 untraded and 25 suspended. Among today’s key market news are Kencana wins a RM201m job, Genting is now the sole bidder for a lottery deal after two US-based firms were disqualified, EON Cap to table HLB’s offer at an EGM, Khazanah is said to be seeking loans to boost its Parkway bid, Syabas asked bondholders’ indulgence for a RM300m to RM400m soft loan from the Government, India's firms involved in pharmaceuticals and biotechnology said to be investing RM2bn in Malaysia while Carrefour Malaysia and Singapore deny exit report. Overnight, the DJIA surged back above the 10,000 pt-mark while the dollar and treasuries slid as growth in US retail sales bolstered optimism on the coming earnings season and speculated that European banks will pass stress test. These positive developments may give a fillip to the local and regional bourses today.
*Terkini – Jadual Seminar & Bengkel PUABUMI 2012
4 years ago