Heavyweight buying lifts index. FBM KLCI closed 4.24 pts higher at 1,491.02 on continued buying in heavyweights such as CIMB Group. Advancers led decliners by 459 to 301 while 316 counters were unchanged, 295 untraded and 28 others were suspended. Among the key market news today Lion Forest said it is selling Silverstone to Toyo Tire for RM462m, Petronas disposes of its interests in Ethiopia, Fajarbaru Builder gets infrastructure job worth RM36.5m, KFCH is in talks to buy 5 outlets from Yum! India, Kulim MD denied plans to take KFCH private and MBSB’s 3Q net profit fell on loan-loss allowances. Overnight, the DJIA rose a second day by 38.6 pts to finish at 11,146.6 as earnings at EBay Inc., Freeport-McMoRan Copper & Gold Inc. and McDonald’s Corp. beat analyst estimates, offsetting losses in bank shares. We expect the key barometer to be supported by the positive Dow performance, with key support and resistance at 1479 and 1500 respectively.
*Terkini – Jadual Seminar & Bengkel PUABUMI 2012
4 years ago