Key index ends higher. FBM KLCI added 2.2 points to 1,568.37, holding up its winning streak for the fourth consecutive day as losses prompted by profit-taking were well absorbed. Gainers led losers 507 to 295 while 284 counters were unchanged, 239 untraded and 34 others were suspended. Trading volume amounted to 2.2bn shares worth RM3.bn. The key market news today are Maybank plans to take over Kim Eng for
up to SGD1.79bn, Selangor makes fresh offers worth over RM9bn to water players, sources said Ramunia is in talks to acquire Syarikat Borcos Shipping SB, Kulim to appoint chairman 5 days before EGM, Hap Seng shares will be suspended today pending the announcement of a major corporate exercise, and Gan Boon Ting resigns as Tasek chief executive. Overnight, the dollar rallied but US equities and oil were lower. The S&P’s 500 Index lost 0.2% to 1,273.85 as earnings valuations climbed to almost 16 times its companies’ operating earnings. We expect investors to stay sidelined pending fresh leads, and thus do not expect major movements in the key index today.
up to SGD1.79bn, Selangor makes fresh offers worth over RM9bn to water players, sources said Ramunia is in talks to acquire Syarikat Borcos Shipping SB, Kulim to appoint chairman 5 days before EGM, Hap Seng shares will be suspended today pending the announcement of a major corporate exercise, and Gan Boon Ting resigns as Tasek chief executive. Overnight, the dollar rallied but US equities and oil were lower. The S&P’s 500 Index lost 0.2% to 1,273.85 as earnings valuations climbed to almost 16 times its companies’ operating earnings. We expect investors to stay sidelined pending fresh leads, and thus do not expect major movements in the key index today.
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