Light trading. The FBM KLCI closed in positive territory yesterday on the back of a largely mixed trading session with modest trading volume as most investors were still on their Xmas break. Gainers trailed losers 305 to 414, with 273 stocks traded unchanged. In the news today are: (i) Johor Corp quashing talk that it is putting up its fast food business for sale; (ii) DRB-Hicom exploring the possibility of hiving off its general and life insurance businesses; and (iii) AirAsia said it has no plans to acquire Virgin Atlantic as reported in the British media. There could well be further consolidation on the local bourse today following the Dow’s weaker overnight close as sentiment will be capped by the interest rate increase in China over the weekend.
*Terkini – Jadual Seminar & Bengkel PUABUMI 2012
4 years ago