A lower finish. The FBM KLCI lost 5.43 points to close at 1,518.91 on Thursday, which was the year’s last trading day. According to Bank Negara, net financing to the private sector grew at a slower pace in November, expanding by RM8.8bn, or 10.8% y-o-y, versus RM11.7bn, or 11.2% y-o-y, in October on fewer private debt securities issuances. IJM Land Bhd and Malaysian Resources Corp Bhd, which earlier announced plans to merge and potentially become the second largest property player in Malaysia, have aborted the plan. Dialog Group Bhd’s subsidiary Dialog E&C SB has been awarded a RM64.6m contract by Asean Bintulu Fertilizer SB for the provision of engineering, procurement, construction and commissioning of a new cooling tower. Meanwhile, the US markets ended the year mixed on Friday. Crude oil price, however, jumped USD1.54 to USD91.38.
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A lower finish. The FBM KLCI lost 5.43 points to close at 1,518.91 on Thursday, which was the year’s last trading day. According to Bank Negara, net financing to the private sector grew at a slower pace in November, expanding by RM8.8bn, or 10.8% y-o-y, versus RM11.7bn, or 11.2% y-o-y, in October on fewer private debt securities issuances. IJM Land Bhd and Malaysian Resources Corp Bhd, which earlier announced plans to merge and potentially become the second largest property player in Malaysia, have aborted the plan. Dialog Group Bhd’s subsidiary Dialog E&C SB has been awarded a RM64.6m contract by Asean Bintulu Fertilizer SB for the provision of engineering, procurement, construction and commissioning of a new cooling tower. Meanwhile, the US markets ended the year mixed on Friday. Crude oil price, however, jumped USD1.54 to USD91.38.
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