Market down on Fed’s view? The FBM KLCI eased 4.97 pts to 1,336.05 as investors turned jittery when Federal Reserve chairman Ben Bernanke in his Congressional testimony on Wednesday said the US economy faced "unusually uncertain" prospects. Losers outnumbered gainers 388 to 318 while 251 counters were unchanged, 410 untraded and 27 were suspended. Nonetheless, with DJIA’s 201.77-pt surge overnight to close at 10,322.3 pts on improving profit forecasts and accelerating growth in the European manufacturing and services industry, we may see buying interest return to the market across the region today. Today’s key highlights are EONCap to call a shareholders meeting on 19 Aug to decide Hong Leong Banks takeover offer, Bank Negara reserves at RM309.9bn, Nagamas signs MOU with Yongzhou City People’s Government to undertake an international multi-trade project in China, Bank Rakyat’s 1H earnings rise 24%, NSTP to be delisted on 30 July and Bursa reprimands Tiger and Tracoma.
*Terkini – Jadual Seminar & Bengkel PUABUMI 2012
5 years ago