Budget and GST cheer. The pre-budget rally propelled the 10 pt-gain on the FBM KLCI yesterday, closing just 4 pts short of the psychological resistance of 1500. Market breadth was mostly positive, with gainers thumping losers more than 2-to-1. There is no shortage of news today, with the Government deferring the implementation of the GST, Manulife Century Holdings (MNCH) is making a conditional takeover office for Manulife at RM3.22/share, MMHE's IPO has reportedly been oversubscribed by a hefty 15x and Kencana bagged a RM16.4m contract from Petronas. Meanwhile, NV Multi has accepted the buyout offer from Mutual Tactic at RM0.78/share. With the postponement of the GST reinforcing talks of an early general election and speculation of other potential budget goodies including the positive sentiment on MMHE's impending listing,, there are enough catalysts for the market to attempt a new high today. Overnight, both commodities and the US markets closed higher, with the latter benefiting from the Fed’s statement that it would protect the economic recovery.
My Blog List
...kini mengadakan promosi bagi peserta yang ingin menyertai seminar untuk dua segmen dengan diskaun sebanyak RM200 serta penginapan percuma (untuk seminar di Pusat Latihan PUABUMI sahaja)......rebutlah peluang mempelajari ilmu pelaburan ini...
Penginapan percuma hanya untuk penyertaan dua segmen di Pusat Latihan PUABUMI Kemaman, Terengganu sahaja...
Barisan Penceramah
Kami bersedia untuk turun padang membongkar rahsia pelaburan di Bursa Malaysia
Destinasi Seminar
Pakej Eksklusif Istimewa ~ Seminar Jutawan Saham dan CPO siri ke 3 adalah pembuka untuk tahun 2011 ini di Pusat Latihan PUABUMI pada 8hb dan 9hb Januari 2011
Seminar Jutawan Saham & CPO akan berada di Santuary Resort Cherating pada 15 Januari 2011 ( segmen ekuiti ) dan 16 Januari 2011 ( segmen CPO )
Kem Pelaburan PUABUMI II akan berada di Hotel Midah Kuala Lumpur pada 13 Ogos 2011 ( segmen CPO ) dan 14 Ogos 2011 ( segmen Ekuiti )
Seminar Jutawan Saham & CPO akan berada di Suria City Hotel, Johor Bahru pada 29 Januari 2011 ( segmen ekuiti ) dan 30 Januari 2011 ( segmen CPO )
Thursday, October 14, 2010
Market Review
Budget and GST cheer. The pre-budget rally propelled the 10 pt-gain on the FBM KLCI yesterday, closing just 4 pts short of the psychological resistance of 1500. Market breadth was mostly positive, with gainers thumping losers more than 2-to-1. There is no shortage of news today, with the Government deferring the implementation of the GST, Manulife Century Holdings (MNCH) is making a conditional takeover office for Manulife at RM3.22/share, MMHE's IPO has reportedly been oversubscribed by a hefty 15x and Kencana bagged a RM16.4m contract from Petronas. Meanwhile, NV Multi has accepted the buyout offer from Mutual Tactic at RM0.78/share. With the postponement of the GST reinforcing talks of an early general election and speculation of other potential budget goodies including the positive sentiment on MMHE's impending listing,, there are enough catalysts for the market to attempt a new high today. Overnight, both commodities and the US markets closed higher, with the latter benefiting from the Fed’s statement that it would protect the economic recovery.
No comments:
Post a Comment