Broadly lower. The market closed 8.80 points lower to 1,396.9 on profit taking in selected heavyweights Axiata, CIMB, MISC and Sime. Market breadth remained negative, with 585 losers to 186 gainers. Today’s corporate news include Fraser and Neave (F&N) may take up a 23.08% stake in Cocoaland Holdings, UDA Holdings is in talks with JV partners to develop the former Pudu jail, Axiata posted strong 1HFY10 results that were 14%-18% above estimates and IJM Corp aims to raise its outstanding orderbook by RM2bn for its current financial year end March FY11. Overnight, the Dow managed to rake in a 0.2% gain on the back of bargain hunting activities following four consecutive days of losses. We expect our market to remain volatile in view of fears of a slowdown in global growth.
*Terkini – Jadual Seminar & Bengkel PUABUMI 2012
4 years ago