Still choppy. The FBM KLCI rebounded by 10.81 pts on Monday in line with regional markets as China’s inflation rate came in below expectations. Today’s major news is Petronas announcing a significant oil and gas field discovery off the coast of Sarawak on Monday afternoon, which may spur follow-through buying on O&G stocks today. Meanwhile, speculation is rife that the Sarawak state elections may be held in April this year. With retail sales in the US coming in below expectations, the overnight drop in US markets may weigh on the KLCI again today. The short term outlook remains rather choppy.
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 -16 February 2011
Still choppy. The FBM KLCI rebounded by 10.81 pts on Monday in line with regional markets as China’s inflation rate came in below expectations. Today’s major news is Petronas announcing a significant oil and gas field discovery off the coast of Sarawak on Monday afternoon, which may spur follow-through buying on O&G stocks today. Meanwhile, speculation is rife that the Sarawak state elections may be held in April this year. With retail sales in the US coming in below expectations, the overnight drop in US markets may weigh on the KLCI again today. The short term outlook remains rather choppy.
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