More correction. The FBM KLCI finished a touch below last Friday's close on the back of extended profit taking activities following the recent rally. The key headlines are: (i) Measat has extended the closing date of its takeover offer to 22 Sept; (ii) TM has accepted the offer for the disposal of its 15.4% stake in Measat; (iii) EPF has denied reports over the weekend of a merger involving RHB; and (iv) K-Star has proposed a share split. We expect the near-term softness in the market to prevail given that investors are expected to lock in profits ahead of the Raya break later this week. US markets were closed yesterday for Labour day.
*Terkini – Jadual Seminar & Bengkel PUABUMI 2012
5 years ago