September 30, 2009

Daily Commentaries 30th September 2009

The FBM KLCI inched up 2.26 points in tandem with regional markets following a rebound on the Dow Jones. The corporate headlines include Asas Serba to finalise a proposal to the Government on the privatisation of the country’s tolls, Berjaya Corporation proposes to relist Singer and 7-Eleven Sdn Bhd, the Government reaffirmed its commitment to the ongoing fiscal stimulus spending, Prime Minister Datuk Seri Najib Razak is expected to reveal a major Middle Eastern Investment in Malaysia, KWAP has emerged as a substantial shareholder in PLUS, Sime Darby has proposed to undertake an Islamic Medium Term notes programme of RM4.5bn, Sunway Holdings has secured a RM147m construction contract from Putrajaya Holdings and Omar Ong of Ethos & Co has been appointed non-executive director of Petronas. Overnight. The Dow Jones slid 47 points after the consumer confidence index came in lower than expected.


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