Higher close. The FBM KLCI gained 5 points yesterday to close at 1508.88 points led by Genting, MISC and Tenaga. This was in tandem with the rebound in the regional and global bourses yesterday. It was encouraging to note that the market breadth was decidedly positive, with 587 gainers against 200 losers. Today’s news headlines areHarbour-Link Group receives an LOI for a RM29m civil works contract at SamalajuIndustrial Park in Sarawak, Benalec Holdings receives a letter of award for earthworks, river protection works and other related works in Klang worth RM37m, while Tan Sri Azman Hashim denies looking to sell his stake in AMMB. Overnight, the Dow retook the 12,000-point territory by climbing 178 pts while the European bourses surged 1% to 2% as the attacks on Libya progress into the third day. Crude oil also rose by about USD1 per barrel to USD102. With the positive overseas influence, Malaysian stocks will likely rally further today. Immediate resistance is seen at the range of 1509 – 1517 points.
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
Higher close. The FBM KLCI gained 5 points yesterday to close at 1508.88 points led by Genting, MISC and Tenaga. This was in tandem with the rebound in the regional and global bourses yesterday. It was encouraging to note that the market breadth was decidedly positive, with 587 gainers against 200 losers. Today’s news headlines areHarbour-Link Group receives an LOI for a RM29m civil works contract at SamalajuIndustrial Park in Sarawak, Benalec Holdings receives a letter of award for earthworks, river protection works and other related works in Klang worth RM37m, while Tan Sri Azman Hashim denies looking to sell his stake in AMMB. Overnight, the Dow retook the 12,000-point territory by climbing 178 pts while the European bourses surged 1% to 2% as the attacks on Libya progress into the third day. Crude oil also rose by about USD1 per barrel to USD102. With the positive overseas influence, Malaysian stocks will likely rally further today. Immediate resistance is seen at the range of 1509 – 1517 points.
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