Correction mode to continue? The FBM KLCI lost 16.67 pts to 1,458.08, dragged by losses in major heavyweights. Losers led gainers by 523 to 221 while 254 counters were unchanged, 354 untraded and 36 suspended. Among the key market news today are Sarawak government bids for Bakun, Proton rules out Lotus sale, US investors can now trade directly in Bursa after Malaysia’s market is recognized by the US Securities and Exchange Commission, EPF may buy Visa’s HQ in UK, Zelan sells 7m IJM shares in open mart, Kumpulan Euro sells 100m Talam shares, DXN sets a 50% dividend payout policy and HELP’s 3Q net profit rises 11%. Overnight, the DJIA slipped 76.89 pts to end at 10,662.4 as concerns grew that the global recovery is losing steam and the outlook for bank profits is worsening. Irish bonds slid after the nation’s economy unexpectedly shrank. Therefore, we would expect regional bourses to continue to experience profit taking today.
*Terkini – Jadual Seminar & Bengkel PUABUMI 2012
4 years ago