Battle for control of 1500. The FBM KLCI reached an intraday high of 1503.82 points but was unable to hold above the 1500-point psychological level. Despite most regional markets making good gains, profit- taking set in and pushed the Malaysian benchmark index down to close nearly unchanged at 1496.38 points. Key losers among the component stocks were Genting, which fell 26 sen, CIMB, which dipped 7 sen, and Axiata and TM each lost 3 sen. Market breadth was likewise negative, with losers beating gainers by 455 to 348. Today, there is little in terms of news flow but among the headlines are EPF and Khazanah to take over PLUS Expressway, MBM Resources buys a motor assembly licence holder and commercial vehicle distributor for RM16m, while MMHE's IPO was oversubscribed by 20 times. The market will be looking towards the tabling of Budget 2011 this afternoon. There were no leads from the US market, which closed flat overnight, as did the European bourses.
*Terkini – Jadual Seminar & Bengkel PUABUMI 2012
4 years ago