• FBM KLCI closed at a seven-month high on Tuesday
Sustained fund buying of index-linked stocks MISC and Tenaga Nasional
enabled the FBM KLCI to close at a seven-month high on Tuesday while
the broader market also showed a marked improved in investor sentiment. At
5pm, the FBM KLCI was up 13.57 points or 0.74% to 1,856.51. Turnover was
1.95bn shares valued at RM2.1bn. Advancers led decliners 502 to 354 while 327
counters were unchanged.
• MRCB buying German Embassy land here for RM259m cash
MRCB said on Tuesday it had entered into a sale and purchase agreement with
the government of the Federal Republic of Germany to acquire the 1.86 acres of
land with the buildings. The tender price of RM259.1m or
RM3,188 psf is about 6% higher than the market value of the land based on the
appraisal conducted by CH Williams Talhar & Wong and Raine & Horne
International Zaki & Partners
• Ewein in JV to undertake RM800m mixed development project in Penang
The first property project on land alienated in relation to Penang’s massive
highway and traffic mitigation venture will have a gross development value of
RM800m. Ewein Bhd and Consortium Zenith BUCG Sdn Bhd will undertake
the mixed development project on 3.67 acres in Bandar Tanjong Pinang,
expected to start in the second half of this year.
• MISC seek approval of its shareholders for proposed share buyback
MISC intends to seek the approval of its shareholders for the proposed
authority for the company to purchase its own shares of up to 10% of
MISC’s prevailing ordinary issued and paid-up share capital at any time at the
forthcoming annual general meeting.
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