Broadly weaker. The FBM KLCI managed to claw back from a low of 1491.76 points to a 2-point gain to 1503.54 on Tuesday despite the meltdown in the global markets. Market breadth was however overwhelmingly negative, with 645 losers against 203 gainers. Asian bourses fell further yesterday but Europe managed to end the day without much change as did Wall Street. The laggard effect of the local market which was closed yesterday, should see some further weakness today. Today’s news headlines are Petronas will announce incentives for the oil and gas industry in due course, Faber reported a 53% jump in 3Q net profit, Sime Darby is considering selling off some businesses and seven directors resigned at its AGM, and Proton seeks to expand its relationship with Renault-Nissan alliance into passenger cars.
*Terkini – Jadual Seminar & Bengkel PUABUMI 2012
4 years ago