Profit taking ahead of Christmas holiday? Gains in selected heavyweights yesterday managed to keep the FBM KLCI above the 1,500-pt level. However, the index ended slightly lower by 0.57 pts to 1,514.48 pts. Among the key market news are the Government will set up a SPV to fund the MRT project, PLUS extends the deadline for interested buyers to 10 Jan 2011, Sime Darby files civil suit against ex-CEO, sources said Adventa could be a potential acquisition target by a US healthcare firm, UEM Land receives 91.5% Sunrise shares to date, BToto is in internal discussions to consider possible strategic investors and Pintaras Jaya unit wins a RM26m job. Overnight, the DJIA edged up marginally by 14 pts to 11,573.5 as Americans increased spending in November for a fifth straight month and companies stepped up orders for equipment, more evidence the US economy is gaining momentum heading into 2011. Nonetheless, we expect the local bourse to trade sideways during the year-end holiday season.Wishing our readers a Merry Christmas.
*Terkini – Jadual Seminar & Bengkel PUABUMI 2012
4 years ago