Index lifted by last minutes buying. FBM KLCI gained 3.90 pts to close at 1,495.95 on late buying in recent decliners. Decliners outpaced advancers by 463 to 293 while 274 counters were unchanged. Among the key market news today, Chow Chee Kin was removed as Jetson director at EGM, Handal inks a pact with Indonesia partner, sources say Petra Energy is a front runner for Petronas job, and MISC sells its older liner vessels. Meanwhile, sources said Tan Sri Abdul Aziz Shamsuddin is a new partner of Carrefour, Perak Corp acquires a 6.65% stake in Integrax, RHB Cap’s 3Q net profit jumps and Petronas Chemical’s 2Q net profit fell 8.9%. Overnight, the DJIA slid 39.61 pts to 11,052.5 as Ireland’s bailout failed to ease concerns that the EU’s most-indebted nations will need further aid. Taking the cue from the Dow’s weak performance, we expect the local bourse to trade range bound pending any fresh leads.
*Terkini – Jadual Seminar & Bengkel PUABUMI 2012
4 years ago