Marginally higher. The FBM KLCI rose 2.36 points to close at 1,499.88 pts last Friday.Gamuda Bhd’s 1QFY11 net profit jumped 20% y-o-y to RM88.5m on higher contributions from its construction and property divisions, IJM Corp Bhd received a contract worth RM460.6m from Naza TTDI Construction SB for superstructure works for the latter’s development in Kuala Lumpur, while Scomi Marine Bhd has proposed to sell 4 companies to its 80.5%-subsidiary, PT Rig Tenders Indonesia Tbk for 323.1bn rupiah (RM538.3m) in a group-related corporate exercise. Finally, the US markets ended little changed on Friday, hovering at two-year highs as President Obama signed a tax-cut plan into law. Crude oil price, meanwhile, rose USD0.32 to end at USD88.02/barrel.
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Monday, December 20, 2010
Monday, December 20, 2010
Market Review
Marginally higher. The FBM KLCI rose 2.36 points to close at 1,499.88 pts last Friday.Gamuda Bhd’s 1QFY11 net profit jumped 20% y-o-y to RM88.5m on higher contributions from its construction and property divisions, IJM Corp Bhd received a contract worth RM460.6m from Naza TTDI Construction SB for superstructure works for the latter’s development in Kuala Lumpur, while Scomi Marine Bhd has proposed to sell 4 companies to its 80.5%-subsidiary, PT Rig Tenders Indonesia Tbk for 323.1bn rupiah (RM538.3m) in a group-related corporate exercise. Finally, the US markets ended little changed on Friday, hovering at two-year highs as President Obama signed a tax-cut plan into law. Crude oil price, meanwhile, rose USD0.32 to end at USD88.02/barrel.
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