Index inches up. The FBM KLCI closed 5.50 points higher at 1,496.9 largely on the back of continued buying interest in plantation stocks. Today’s corporate news are Petronas Chemicals Group aims to raise between USD3.7bn and USD4.2bn from its IPO, Bank Negara Malaysia plans to issue one Islamic Banking licence by year-end, Digi reported 19% y-o-y leap in 3QFY10 net profit, the Cabinet is set to give the green light for the construction of the country’s first nuclear power plant, Ouhua shares were over-subscribed by 6.28x, and Equine Capital Bhd is selling Wisma KLIH for RM58m. The Dow Jones’ overnight performance was lacklustre as weaker than expected consumer sentiment and a continued decline in housing prices weighed on sentiment.
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Wednesday, October 27, 2010
Wednesday, October 27, 2010
Market Review
Index inches up. The FBM KLCI closed 5.50 points higher at 1,496.9 largely on the back of continued buying interest in plantation stocks. Today’s corporate news are Petronas Chemicals Group aims to raise between USD3.7bn and USD4.2bn from its IPO, Bank Negara Malaysia plans to issue one Islamic Banking licence by year-end, Digi reported 19% y-o-y leap in 3QFY10 net profit, the Cabinet is set to give the green light for the construction of the country’s first nuclear power plant, Ouhua shares were over-subscribed by 6.28x, and Equine Capital Bhd is selling Wisma KLIH for RM58m. The Dow Jones’ overnight performance was lacklustre as weaker than expected consumer sentiment and a continued decline in housing prices weighed on sentiment.
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