Jittery sentiment. The FBM KLCI fell 10.71 points to close at 1,485.2, dragged down by regional sentiments on concerns of further cooling measures by China and persistent concerns of Ireland’s debt woes and its contagion effect on the Euro Zone. Today’s corporate headlines include Petronas reporting marginally lower 2Q earnings on higher taxation charges, Petronas Gas posted a 90% jump in 2QFY10 net profit, Maxis reported a 2.6% decline in 9MFY10 earnings, Keck Seng has proposed a 1-for-2 bonus issue, Vale is likely to invest RM467m next year, Petronas intends to open up marginal oil fields to niche oil and gas players, and Datuk Lim Kheng Yew of KYM Bhd is understood to have bought a stake in Integrax. Overnight, the Dow Jones lost 47 points on further concerns of Ireland’s debt issues despite the recent announcement of a bail-out package. We expect sentiment on our local market to remain lackluster, taking the cue from weak global sentiment.
*Terkini – Jadual Seminar & Bengkel PUABUMI 2012
4 years ago