Against all odds. The FBM KLCI bucked the trend yesterday, closing with an 8-point gain at 1510 points although regional markets were in the red. The jump was also supported by positive market breadth, with 458 gainers against 310 losers. Today’s news headline are the Cabinet has agreed to a revision of electricity tariff but has not decided on the timing, Shangri-la Hotels (Malaysia) will collaborate with a Khazanah Nasional-controlled company to jointly develop a 5-star resort in Langkawi, Kedah, Dayang Enterprise Holdings entered into a conditional agreement with AWH Equity Holdings for the sale of its 40% stake in Syarikat Borcos Shipping for RM135m cash, an Sri Syed Mokhtar is believed to be considering taking DRB-HICOM private. With the Dow making mild gains last night, the FBM KLCI should continue to charge higher today, possibly clearing above the 1512–1514 pt resistance area.
*Terkini – Jadual Seminar & Bengkel PUABUMI 2012
4 years ago