The high is nigh. The local bourse climbed another 6.9 points to end at 1524.34 on the back of buying support on index heavyweights such as BAT, Genting and KLK. Trading volume remained light but was higher at 908m compared to the 2 preceding trading days. Renewed concerns over the weak datapoints from the US contributed to bouts of profit taking although this was well absorbed. Today’s major headlines are: (i) TM and Axiata to probe allegations of kickbacks received from Alcatel Lucent for the award of previous contracts; (ii) Mitrajaya bags a RM53.5m contract for the construction of a hangar; and (iii) Proton to decide by early next year on the merger of its manufacturing assets. There is a good possibility that the FBM KLCI will re-attempt to take out the alltime high of 1531.99 pts notched on 9 Nov before the year is out. Overnight, the Dow extended its gain. We wish all our clients and readers a Happy New Year and may 2011 bring greater wealth and prosperity.
*Terkini – Jadual Seminar & Bengkel PUABUMI 2012
4 years ago