Caught in a tight range. The FBM KLCI ended flat at 1510.58 points yesterday, continuing on with its range-bound trading. Gainers and losers were also quite evenly matched. Today’s news headlines include Starhill REIT buying nine properties from YTL Group for RM1,054m to be paid for in cash and new Starhill REIT units, Time dot Com to supply international and domestic fibre leases/bandwidth for 3 years to Digi, KNM Group to form JV with Petrosab Logistik to target oil and gas projects in Sabah, Hiap Teck Ventures made a RM1.2m loss in its 1QFY11, Heitech Padu wins the Road Transport Department's contract for computer maintenance valued at RM36.8m, YTL Power bought a 30% stake in Estonian state oil company Eesti Energia's oil share project in Jordan, and DRB-Hicom signs an MOU with to assemble and distribute Russia's Kamaz trucks. Overnight, Wall Street was mildly higher, which should have little bearing on today's market direction.
*Terkini – Jadual Seminar & Bengkel PUABUMI 2012
6 years ago