Ending higher. The FBM KLCI closed 4.32 points higher at 1,337.7, supported by key heavyweights Tenaga, Genting and Public Bank. Market trading volume was encouraging, with 1.12bn shares traded. Today’s key headlines include Khazanah disposing of a 5% stake in Telekom Malaysia at RM3.23/share, Public Bank and Digi reported quarterly earnings that were in line with expectations, the Selangor government has disputed claims by the Federal Government of a state-wide water shortage by 2014 if the Pahang- Selangor water transfer project was not up and running by then, Silver Bird to undertake a proposed private placement of up to 19.5m new shares, Axis REIT plans to raise RM132m next month as part of its capital management plans and MISC has proposed to acquire four new vessels for RM1.4bn. Overnight, the Dow closed 0.74% higher on optimism of stronger than expected home building leading indicators. We expect our market to remain range bound today given the lack of fresh leads.
*Terkini – Jadual Seminar & Bengkel PUABUMI 2012
4 years ago