Market gets lift from Dow. The FBM KLCI advanced 17.80 points to close at 1,503.22 as gains in other Asian markets encouraged some bargain hunting on the local bourse. Market breadth was positive, with gainers leading losers by 516 to 245 while 296 counters were unchanged. Among the key market news include Proton and Perodua to meet on their proposed alliance by end-Dec, IJM Corp and JAKS Resources’ 60:40 joint venture has secured a RM268.53m contract for the Pahang-Selangor Raw water transfer project, sources said Tamadam is to divest its loss-making warehousing business, MAHB’s unit is to sell RM1bn Islamic notes, Jerneh Asia being categorized as PN17, Konsortium Transnational to dispose of its properties for RM8.6m, Affin’s 3Q net profit rose 8% and Glomac’s 2Q net profit surged 71%. Overnight, the DJIA added 106.63 pts to 11,362.4 pts and crude oil jumped to a two-year high as US home sales and retail purchases topped estimates. That said, we may see bullish sentiment buoy trading on the local bourse today.
*Terkini – Jadual Seminar & Bengkel PUABUMI 2012
4 years ago