Buying support kicks in. The FBM KLCI continued to succumb to mild profit taking, closing a marginal 0.58 points lower at 1,562.9 points, dragged down by PLUS. Trading volume on Bursa Malaysia remained high, rising to 2.6bn shares traded compared to 2.3bn the previous day. Today’s corporate news include the Government announcing 19 projects valued at RM67bn under the ETP for approval, Gas Malaysia is said to be looking at a listing on Bursa Malaysia, Top Glove expects to invest RM160m in Cambodia for rubber tree planting purposes and Low Yat group has proposed to purchase the entire assets and liabilities of AP Land for RM305m. Taking the cue from Wall Street’s positive overnight close of 34.4 points on expectations of a stronger than expected earnings reporting season, we expect out market to climb today.
*Terkini – Jadual Seminar & Bengkel PUABUMI 2012
4 years ago