Benchmark charges on. The FBM KLCI gained 9.5 points to 1432 points yesterday on the back of gains in Maybank, Axiata, Tenaga, Public Bank and IOI Corp. The broader market was, however, weaker with 476 losers against 307 gainers. Bina Puri won two construction contracts worth about RM19m, Kencana Petroleum won two Hook-up & Commissioning jobs worth RM32m, Sunway Holdings was awarded several construction jobs at Putrajaya totaling RM70m, SapuraCrest Petroleum won USD134m worth of contracts for rigs and bareboat charter and Naim Holdings' JV with Samsung Engineering has been awarded a EPCC services contract for the Sabah Oil & Gas Terminal valued at USD766.4m. On the overseas front, Asian markets started the month of September mixed but the US and European bourses were very strong, rising between 2.5% and 4% last night. This strong sentiment should spill over to Asian markets today.
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Thursday, September 2, 2010
Thursday, September 2, 2010
Market Review
Benchmark charges on. The FBM KLCI gained 9.5 points to 1432 points yesterday on the back of gains in Maybank, Axiata, Tenaga, Public Bank and IOI Corp. The broader market was, however, weaker with 476 losers against 307 gainers. Bina Puri won two construction contracts worth about RM19m, Kencana Petroleum won two Hook-up & Commissioning jobs worth RM32m, Sunway Holdings was awarded several construction jobs at Putrajaya totaling RM70m, SapuraCrest Petroleum won USD134m worth of contracts for rigs and bareboat charter and Naim Holdings' JV with Samsung Engineering has been awarded a EPCC services contract for the Sabah Oil & Gas Terminal valued at USD766.4m. On the overseas front, Asian markets started the month of September mixed but the US and European bourses were very strong, rising between 2.5% and 4% last night. This strong sentiment should spill over to Asian markets today.
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