Nearing a tough resistance. The KLCI rallied another 10 points yesterday on selected blue chip support, including Genting. Today’s key headlines are: (i) MAS slips into the red in 2Q; (ii) Berjaya Corp confirms talks with Singapore-based Kim Eng for the latter to acquire a strategic stake in InterPac Securities; and (iii) Green Packet to spend RM150m more to improve the quality of its network. Thai Telecoms Group, Samart also said it is in talks with Axiata on plans to take part in a 3G bidding exercise in Thailand. The strong near-term gain in the market could well invite profit taking, with investors by and large still taking a cautious stance. Overnight, the Dow closed largely flat buttressed by interest in technology concerns. The local market is expected to encounter tough resistance at the 1395 level.
*Terkini – Jadual Seminar & Bengkel PUABUMI 2012
4 years ago