Better in time. Although losing another 6 points, the FBM KLCI started to show signs of recovery yesterday, closing at 1520 points after falling to a low of 1505. Market breadth was still negative but with 328 gainers against 418 losers, it appears that confidence is coming back. Meanwhile, regional markets were mostly higher while Europe was decidedly in the green. Last night, the Dow continued to inch up, crossing the 12,000 mark although it could not hold above it. Today’s news headlines include Wah Seong Corp sells off its 50% stake in Arabian Yadong Coating Co along with related equipment for RM10.5m, Zhulian reported a RM24.3m 4Q net profit, Petronas Gas awards contract relating to LNG regasification and Kencana Petroleum raises RM398m from private placement at RM2.38 per share. The market will be closely watching Bank Negara's rate decision today.
Seminar Jutawan Saham dan CPO anjuran PUABUMI kini KEMBALI sebagai Kem Pelaburan PUABUMI II, 2 hari 1 malam untuk memenuhi permintaan ramai secara eksklusif yang akan diadakan pada 13 Ogos 2011( CPO )dan 14 Ogos 2011, 10.00 pagi-6.00 petang ( EKUITI ) bertempat di Hotel Midah, Kuala Lumpur ... Berminat, sila sms nama dan no kad pengenalan ke 0192009622! Rebutlah peluang keemasan ini... Sila lawati www.boraksaham.com
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MARKET REVIEW - Thursday, 27 January 2011
Better in time. Although losing another 6 points, the FBM KLCI started to show signs of recovery yesterday, closing at 1520 points after falling to a low of 1505. Market breadth was still negative but with 328 gainers against 418 losers, it appears that confidence is coming back. Meanwhile, regional markets were mostly higher while Europe was decidedly in the green. Last night, the Dow continued to inch up, crossing the 12,000 mark although it could not hold above it. Today’s news headlines include Wah Seong Corp sells off its 50% stake in Arabian Yadong Coating Co along with related equipment for RM10.5m, Zhulian reported a RM24.3m 4Q net profit, Petronas Gas awards contract relating to LNG regasification and Kencana Petroleum raises RM398m from private placement at RM2.38 per share. The market will be closely watching Bank Negara's rate decision today.
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