Range bound trading. The FBM KLCI closed 1.48 points lower yesterday, largely dragged down by Genting Bhd but the downside was well supported by a continued uptrend in finance stocks such as CIMB, Maybank, RHBCap and AMMB. Today’s key corporate headlines include Top Glove reported a 44.6% y-o-y decline in 1QFY11 earnings, MRCB and IJM Land agreeing to extend their MOU on a potential merger until Dec 29 this year, Digi and Celcom may ink a definitive agreement on network collaboration by next month and DRB-Hicom has signed an MOU with Russian truck maker Kamaz group to assemble and distribute its trucks in Malaysia. Meanwhile, Wall Street’s lower overnight close may set the tone for our market today.
*Terkini – Jadual Seminar & Bengkel PUABUMI 2012
4 years ago