The bull run continues. KLCI ended the day 4.10 points higher to 1,470.77, another record high.
Plantation stocks will continue to drive market upward this week, and the trend does not seem to ease with the latest news that India might reduce import duties on vegetable oils. India is the world’s second largest edible oil importer. Today, crude palm oil futures also hit a new high, rising 2.2 per cent. Fears of tight supplies still linger.
Other news making headlines...
Proton Holdings Bhd is optimistic of selling between 4,500 and 5,000 units a month of its new BLM model after its official launch on January 18. But the question remains, how long will they wait before getting a strategic partner? (BTimes)
Malaysia's export growth slowed in November as electronics shipments declined, suggesting a weakening U.S. economy and high oil prices are delaying a revival in demand. ``The slowdown in the U.S. economy will definitely have a knock-on effect on Malaysia's exports,'' said Lee Heng Guie, an economist at CIMB Investment Bank Bhd. in Kuala Lumpur. Still, ``the sustained expansion in intraregional trade and continued upswings in commodity prices should mitigate the fallout.'' (Bloomberg)
Plantation stocks will continue to drive market upward this week, and the trend does not seem to ease with the latest news that India might reduce import duties on vegetable oils. India is the world’s second largest edible oil importer. Today, crude palm oil futures also hit a new high, rising 2.2 per cent. Fears of tight supplies still linger.
Other news making headlines...
Proton Holdings Bhd is optimistic of selling between 4,500 and 5,000 units a month of its new BLM model after its official launch on January 18. But the question remains, how long will they wait before getting a strategic partner? (BTimes)
Malaysia's export growth slowed in November as electronics shipments declined, suggesting a weakening U.S. economy and high oil prices are delaying a revival in demand. ``The slowdown in the U.S. economy will definitely have a knock-on effect on Malaysia's exports,'' said Lee Heng Guie, an economist at CIMB Investment Bank Bhd. in Kuala Lumpur. Still, ``the sustained expansion in intraregional trade and continued upswings in commodity prices should mitigate the fallout.'' (Bloomberg)
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