Resilient. The FBM KLCI managed to eke out a 1-point gain to close at 1488.54 points yesterday. The broader market was also higher with 537 gainers against 267 losers. Asian markets were mixed with the Sensex and Nikkei traded lower but Shanghai and Hong Kong registering gains. European bourses as well as the US charged higher last night. News headlines: Sunway City and Sunway Holdings receive offer from Sunway Sdn Bhd to acquire all their businesses for RM5.10 per share and RM2.60 per share respectively in an attempt to create a RM4.5bn merger, a slew of financial results namely from Axiata, QSR/KFC, MMC Corp, Sunway group of companies, MISC. Local stocks are likely to take cue from the rise on Wall Street and follow through with yesterday's gains. Immediate resistance is at the 1500-point psychological level.
*Terkini – Jadual Seminar & Bengkel PUABUMI 2012
4 years ago