Positive close. The FBM KLCI closed 5.84 points higher at 1,520.09 pts in tandem with the recovery in regional markets. Gains in Petronas Chemicals, Sime Darby, BAT and Petronas Gas helped to shore up market sentiment. Today’s key headlines include Perisai Petroleum Bhd has proposed to buy Garuda Energy from is ex-founder, Ngendran Nadarajah for USD70m, to be satisfied by USD50m cash and the issuance of new Perisai shares at 65 sen/share, AirAsia has entered into a JV agreement with Expedia Inc to establish an online travel agency, Kencana has secured a RM216m oil and gas support service project from Petrofac Ltd and Volkswagen AG plans to make Pekan its regional manufacturing hub. Taking the cue from Wall Street’s positive overnight close of 81.3 points , we expect our market to trend higher 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
Positive close. The FBM KLCI closed 5.84 points higher at 1,520.09 pts in tandem with the recovery in regional markets. Gains in Petronas Chemicals, Sime Darby, BAT and Petronas Gas helped to shore up market sentiment. Today’s key headlines include Perisai Petroleum Bhd has proposed to buy Garuda Energy from is ex-founder, Ngendran Nadarajah for USD70m, to be satisfied by USD50m cash and the issuance of new Perisai shares at 65 sen/share, AirAsia has entered into a JV agreement with Expedia Inc to establish an online travel agency, Kencana has secured a RM216m oil and gas support service project from Petrofac Ltd and Volkswagen AG plans to make Pekan its regional manufacturing hub. Taking the cue from Wall Street’s positive overnight close of 81.3 points , we expect our market to trend higher today.
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