A new record. The market raced to a record closing high of 1519.84 pts as the latest dose of quantitative easing (QE2) in the US raised optimism of more money flowing into emerging markets and the region. Market breadth was overwhelmingly positive from the opening bell, with gainers thumping losers 2-to-1 with a brisk 1.5m shares exchanging hands. Supermax reported a decline in 3Q earnings due to the combined effects of the weakening USD and high latex prices; AZRB exits its 21.3% stake in EPIC while F&N shareholders will receive a windfall dividend of RM1.38 per share. We would not be surprised if the FBM KLCI takes a short-term breather today with US markets retreating yesterday, snapping a 5-week winning streak on the S&P on concerns over Irish debt potentially dampening demand for riskier assets.
*Terkini – Jadual Seminar & Bengkel PUABUMI 2012
4 years ago