Finishing higher. The FBM KLCI jumped 9.4 points to close at 1,506.05 on last minute buying on selected blue chips. Kulim, QSR and KFC stocks were suspended on Friday as Tan Sri Halim Saad made an offer to acquire Pizza Hut restaurant operator QSR Brands’ entire business, including its controlling stake in KFC. YTL Communication SB, a unit of YTL Power International Bhd, will roll out its 4G mobile internet-with-voice service, Yes, covering 80% of the population by end-2011. Motor vehicle sales for October rose 13% y-o-y to 52,297 units on improved supply as production increased. Bank Negara’s international reserves amounted to RM326.5bn as at 15 Nov 2010. Finally, the US market ended marginally higher while crude oil price was lower on Friday. Crude oil price fell USD0.44 to close at USD81.98/barrel. Malaysia’s 3QGDP results will be announced this evening.
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Monday, November 22, 2010
Monday, November 22, 2010
Market Review
Finishing higher. The FBM KLCI jumped 9.4 points to close at 1,506.05 on last minute buying on selected blue chips. Kulim, QSR and KFC stocks were suspended on Friday as Tan Sri Halim Saad made an offer to acquire Pizza Hut restaurant operator QSR Brands’ entire business, including its controlling stake in KFC. YTL Communication SB, a unit of YTL Power International Bhd, will roll out its 4G mobile internet-with-voice service, Yes, covering 80% of the population by end-2011. Motor vehicle sales for October rose 13% y-o-y to 52,297 units on improved supply as production increased. Bank Negara’s international reserves amounted to RM326.5bn as at 15 Nov 2010. Finally, the US market ended marginally higher while crude oil price was lower on Friday. Crude oil price fell USD0.44 to close at USD81.98/barrel. Malaysia’s 3QGDP results will be announced this evening.
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