Market mixed. The FBM KLCI ended 0.66 pts lower at 1,362.08, dragged down by Sime Darby. Market breadth was positive, with persistent buying of selected lower liners and heavyweights. Gainers led losers 362 to 349 while 276 counters were unchanged, 382 untraded and 30 others were suspended. Overnight, the DJIA closed marginally lower at 10,675, or 5.45 pts lower, on an unexpected jump in American jobless claims, which fueled concerns the economic rebound is weakening. Thus we expect investors may stay sidelined pending new leads and ahead of the weekend. Among the key market news today are PNB seals its biggest Aussie property deal for the year after buying Santos Place for AUD290m, Sime’s alleged losses “not so big”, MAHB to use RM3.1bn sukuk proceeds for LCCT, , HeiTech Padu gets RM75m job, Ivory buys land in Penang for RM25m, Anway’s 2Q net profit rises 33% and F&N profit jumps 18.5% on higher sales.
*Terkini – Jadual Seminar & Bengkel PUABUMI 2012
5 years ago