A record high. The FBM KLCI reached a new high, trending up 6.69 points to close at 1,526.5 on the back of strong buying interest in Maybank, CIMB and YTL group. Turnover surged to 1.6bn shares traded from 1.52bn shares the previous day. Today’s corporate news include IJM Bhd has secured a RM690m construction contract for a new hospital block in the Cancer Institute, PLUS Expressway has accepted the revised offer of RM4.60/share from UEM-EPF to acquire all the assets and liabilities of PLUS with the proposal now progressing for a shareholder vote, Hartalega reported a 42.3% y-o-y increase in 2QFY11 net profit and Supermax has set a targeted 15% to 20% earnings growth for FY11. The market is also rife with a number of privatization rumours. Taking the cue from Dow Jones’ weaker close overnight, we expect some profit taking to creep into the local bourse today after three consecutive days of gains.
*Terkini – Jadual Seminar & Bengkel PUABUMI 2012
4 years ago