Consolidation. The market shed 4.45 points to close at 1,570.04 points, with Petronas Chemical and Petronas Dagangan being the main drag. Market volume moderated marginally to 1.704bn shares traded. Today’s notable corporate headlines are Proton being in talks with various banks to raise RM2.35bn for funding requirements to help revive Lotus, Khazanah Nasional to start inviting bids to divest its 32.2% stake in Pos Malaysia, KPJ Healthcare to acquire two medical centres for RM28.1m, a property company from the Persian Gulf is looking at listing a REIT valued at RM833m on Bursa Malaysia and KNM receiving another 4-year extension for its term loan facility worth RM351.3m with Maybank. Taking the cue from relatively strong set of corporate results released in the US and the positive sentiment on Dow overnight, we expect the overall undertone for our market to remain positive today.
*Terkini – Jadual Seminar & Bengkel PUABUMI 2012
4 years ago