Boost from Wall Street. FBM KLCI rose 4.28 pts to 1,316.03 as investors took the cue from the strong uptrend on Wall Street. Gainers outnumbered losers by 365 to 242 while 275 counters remained unchanged, 478 untraded and 23 others suspended. Today’s key market news are BNM raised the OPR for the third time this year to 2.75%, May IPI rises 12.5%, Fitch keeps Malaysia's foreign debt rating with a stable outlook, KNM secures overseas contracts worth RM289m, Khazanah extends offer for Parkway Bandar Raya will buy Limitless’ 60% stake in Haute Property SB for RM76m and assumed debt, Iris signs 3 pacts with Senegal and there is a potential RM1.5bn investment from Middle East in a petroleum tank farm and halal industrial park at Penang Port. Overnight, the DJIA advanced 120.71 pts to 10,139.0 as a drop in jobless claims and higher- than-forecast sales of some retailers bolstered confidence in the economic recovery. As such, we expect the positive sentiment to rub off on the local bourse today.
*Terkini – Jadual Seminar & Bengkel PUABUMI 2012
4 years ago