Positive uptrend. The FBM KLCI closed 9.30 points higher at 1,505.2 points, with PLUS, TM, Genting and Public Bank being the key drivers. Today’s corporate news include PLUS Expressway Bhd asking new offerors bidding to acquire its assets to commit to a RM50m refundable deposit, DRB-Hicom has officially signed a
collaboration agreement with Volkswagen to manufacture Volkswagen cars at its plant in Pekan, KNM has secured a RM2bn biomass contract in UK and Genting Malaysia has confirmed that it is currently exploring casino development market opportunities in Vietnam. Given the Dow’s overnight positive close by 0.48%, we expect our market to see positive upside today.
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Wednesday, December 22, 2010
Wednesday, December 22, 2010
Market Review
Positive uptrend. The FBM KLCI closed 9.30 points higher at 1,505.2 points, with PLUS, TM, Genting and Public Bank being the key drivers. Today’s corporate news include PLUS Expressway Bhd asking new offerors bidding to acquire its assets to commit to a RM50m refundable deposit, DRB-Hicom has officially signed a
collaboration agreement with Volkswagen to manufacture Volkswagen cars at its plant in Pekan, KNM has secured a RM2bn biomass contract in UK and Genting Malaysia has confirmed that it is currently exploring casino development market opportunities in Vietnam. Given the Dow’s overnight positive close by 0.48%, we expect our market to see positive upside today.
collaboration agreement with Volkswagen to manufacture Volkswagen cars at its plant in Pekan, KNM has secured a RM2bn biomass contract in UK and Genting Malaysia has confirmed that it is currently exploring casino development market opportunities in Vietnam. Given the Dow’s overnight positive close by 0.48%, we expect our market to see positive upside today.
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