A lift from heavyweights. The FBM KLCI jumped 5.07 pts, or 0.32%, to 1,571.56 pts, backed by gains in selected blue chips. Volume increased to 2.7bn shares valued at RM3bn. Today’s key market news are Suria Capital bags a RM1bn job to build a 300MW combined cycle gas turbine gas-fired power plant project in Sabah, the Perak state government is considering setting up its own low-cost carrier terminal (LCCT) in the northern part of the state, JCorp plans a group-wide transformation, MMM’s RM20m debt written off, approval in writing for the Langat 2 plant still pending and standalone brokers can now get 1+1 status. Overnight, US stocks fell, pulling the DJIA to 11,731.9, or 23.54 pts lower, as initial jobless claims rose more than estimated. We expect the market to continue to trade sideways pending major fresh leads.
*Terkini – Jadual Seminar & Bengkel PUABUMI 2012
5 years ago