Higher closing. The FBM KLCI jumped 9.63 points to close at 1,345.68. Malaysia Marine and Heavy Engineering Holdings Bhd (MMHE) will offer 25%, or 408m shares, of the enlarged paid-up of 1.6 billion shares for sale under IPO and expects the listing to be completed by 4QCY10. Tanjong plc plans to double its power generation capacity from the current 4,000 megawatt (MW) in the next 4-5 years by expanding its power generation assets in Middle East, North Africa and Asia. Malaysia Airports Holdings Bhd (MAHB) expects an average growth of 12% in passenger traffic volume this year which is in line with the global economic recovery, while Kumpulan Wang Persaraan (KWAP) recently emerged as a substantial shareholder of Gamuda Bhd with a 5.16% stake. Finally, the US markets were up on Friday after a report showed that most of Europe's big banks have passed the stress tests, which helped to ease investor worries about the strength of the global economic recovery. Crude oil price, however, fell USD0.32 to close at USD78.98/barrel.
*Terkini – Jadual Seminar & Bengkel PUABUMI 2012
6 years ago