Stock news

Global Closing @16/1/17

Dow  19,886  Closed
NASD 5,574   Closed
S&P    2,275   Closed

Gold     1,202 +6
WTI     ‪ 52.64 +0.09
Brent   ‪ 55.70 +0.11
SoyOil‪ ‬ ‪35.52 -0.04
FCPO    3,145 +25
FKLI      1,663.50 -11.50

USDMYR  4.464 +0.004
USDJPY   114.07 -0.39
USDCNY  6.898 +0.000
EURUSD   1.061  -0.003
GBPUSD   1.202 -0.016
GBPMYR  5.368 -0.070
AUDMYR  3.337 -0.012
SGDMYR  3.123  -0.004
CNYMYR  0.647 +0.000
MYRJPY   25.52 -0.12

FTSE   7,327 -10.68 0.15%
DAX 11,555 -74.47 0.64%
CAC   4,882 -40.31 0.82%

Nikkei 19,095 -192.04 1.00%
HSI    22,718 -219.23 0.96%
SSE     3,102     -10         0.33%
STI.     3,013 -11.95 0.40%
KLCI 1,658.84 -13.66    0.82%

-Britain's top share index ended its record 14-day winning streak on Monday, finishing down for the first day since Dec 21, as banking stocks slumped on 'hard Brexit' worries ahead of Theresa May's speech on Tuesday.

-Southeast Asian stock markets fell following reports that Britain was prepared to make a “hard” exit from the European Union, reigniting fears about the impact of the impending move, coupled with uncertainty in the US.

Sentiment was also hit as US policy uncertainty lingered ahead of president-elect Donald Trump’s inauguration this week.

*******************
*CORPORATE NEWS*

• *AAX* says it will focus on China expansion with special one-way all-in-fares from RM199 for its four-times-a-week direct flights from Kuala Lumpur to Wuhan. Wuhan is the capital city of Hubei province in Central China.

• *FGV* Bhd has clarified that there has been no discussion on the matter of privatisation of the plantation behemoth.

• *TEXCYCLE* on July 28, 2016, via its solicitors,  issued a statement of claim against FACT System (Malaysia) Sdn Bhd.

• *HIL* has entered into two conditional share sale agreements through its wholly-owned subsidiary, AMJ Construction Sdn Bhd (AMJC), for the proposed acquisition of A&M Concrete Products Sdn Bhd (A&M Concrete) and Show Piece Sdn Bhd (Show Piece) for a total of RM71 million.

• *MUDAJAYA* says the decision in an adjudication process will have a negative impact of RM98.35 million on its earnings for the year ended Dec 31, 2016, as the amount has been recognised as revenue in prior years.