Closed firmer on strong buying. The FBM KLCI was up 2.82 points to close at 1,466.32 supported by strong buying by institutional funds in selected heavyweights. For headline news, we have PetroSaudi, a global private investment company owned by the Saudi royal family is expected to invest over USD2.0bn in the infrastructure and energy sectors. The company is also eyeing significant direct investment in the Malaysia’s Islamic banking sector. A leading cigarette manufacturer will raise its prices by 70 sen a pack effective today. UEM Group CEO is unaware of any proposals to buy UEM Group’s assets. Calsberg Brewery Malaysia Bhd may be introducing up to 2 new premium beer brands in Malaysia within the next year. Sarawak-based shipbuilder Nam Cheong Dockyard S/B will be listed in the Singapore stock exchange following a reverse takeover of Eagle Brand Holdings Ltd. Finally, both the US markets and crude oil price ended higher on Friday as a better-than-expected reading on personal income overshadowed a mixed manufacturing report. Crude oil price was up USD1.61 to close at USD81.58 per barrel.
*Terkini – Jadual Seminar & Bengkel PUABUMI 2012
4 years ago