Selected blue chips lift key index. The FBM KLCI closed 7.04 points higher to 1,385.51 as interest was seen in selected heavyweights ahead of their quarterly results. However, gains were capped as investors took profit after the recent gains. Today’s key market news include Malaysia recording 8.9% growth in 2Q GDP, July CPI rose 1.9%, Singapore billionaire Peter Lim Eng Hock buys a 29% stake in TMC, Celcom issues RM4.2bn sukuk and Danajamin guarantees RM150m BerjayaCity bond. As for the key corporate earnings, AirAsia’s Q2 net profit surged 43% on higher passenger volumes, CPO prices boost KLK’s 3Q net profit by 28% and Tan Chong’s profit doubles. Overnight, US stocks rose, with DJIA rising a marginal 9.69 pts to close at 10,415.5, as speculation of corporate takeovers overshadowed a slide in energy producers sparked by a decline in oil price. Together with the slew of good corporate results and robust GDP numbers, we may see the local bourse trade higher today.
*Terkini – Jadual Seminar & Bengkel PUABUMI 2012
5 years ago