Range bound trading. The FBM KLCI staged a mild follow-through technical rebound over last week’s trading, with the key index ending the week at 1,507.28 pts, posting a w-o-w gain of 6.3 pts. Among the key market news are Jan-Sept FDIs in Malaysia jumped to RM17bn, DRB-HICOM is scheduled to sign a definitive agreement on 21 Dec 2010 with Volkswagen AG to assemble VW cars in Malaysia, Petronas denies report on RM8bn bid for UK firm, Parkson to take up anchor tenancy for Nu Sentral, Southern Acids’ 2Q net profit surges 19-fold, SapuraCrest’s Q3 net profit rises marginally, and BToto’s 2Q earnings decline 36.7% y-o-y. US stocks closed last Friday with solid gains and at two-year highs as investors welcomed a surprise narrowing of the trade deficit that raised hopes of a boost to economic growth. The DJIA rose 40.26 pts to 11,410.32, while the S&P 500 climbed 7.40 pts to 1,240.40. Therefore, we expect the local bourse to trade in positive territory today.
*Terkini – Jadual Seminar & Bengkel PUABUMI 2012
4 years ago