KUALA LUMPUR: Key Asian markets are expected to open higher on Monday, Oct 11, after the Dow Jones Industrial Average closed above the psychological important 11,000 mark last Friday.
The Dow Jones industrial average gained 57.90 points, or 0.53%, to close at 11,006.48. The Standard & Poor's 500 Index rose 7.09 points, or 0.61%, to 1,165.15. The Nasdaq Composite Index climbed 18.24 points, or 0.77%, to 2,401.91.
It was the first time the Dow closed above 11,000 since May 3.
However, investors have to be cautious as the higher close on Wall Street was due to positive economic news but investors pinned their hopes on anticipation the Federal Reserve could roll out for more stimulus.
Reuters reported while a loss of 95,000 jobs normally might be expected to hurt stocks, the market's desire for cheap money trumped concerns about the slow economy.
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Stocks to watch on Bursa Malaysia include WCT BHD [], TANJUNG OFFSHORE BHD [], glove makers and IJM Land.
WCT Bhd has secured a contract from Malaysia Airports Holdings Bhd (MAHB) to develop the new low cost carrier terminal (KLIA2) integrated complex, which will be undertaken on build-operate-transfer concession.The CONSTRUCTION [] cost of the integrated complex is estimated at approximately RM486 million.
WCT said the concession is for 25 years and may be extended for 10 years upon expiry. The development of the complex would be undertaken by a special purpose vehicle (SPV) in which WCT and MAHB will hold 70:30 equity interest.
Tanjung Offshore's unit Tanjung Kapal Services Sdn Bhd has been served with a notice of claim from Newfield Peninsula Malaysia Inc amounting to US$15.90 million.
The notice of claim was for damages to pipeline allegedly caused by one of Tanjung Kapal's vessels at the East Belumut Field, PM 323, offshore Malaysia.
The strengthening ringgit, rising latex prices and overcapacity in the industry are expected to translate into thinner margins for Malaysian rubber glove manufacturers.
IJM Corporation is evaluating various options about the liquidity of the shares of its 62.5%-subsidiary IJM Land Bhd.
The company said it was only in May 2009 it had placed out shares to fulfill the shareholding spread requirements of IJM Land.
The Dow Jones industrial average gained 57.90 points, or 0.53%, to close at 11,006.48. The Standard & Poor's 500 Index rose 7.09 points, or 0.61%, to 1,165.15. The Nasdaq Composite Index climbed 18.24 points, or 0.77%, to 2,401.91.
It was the first time the Dow closed above 11,000 since May 3.
However, investors have to be cautious as the higher close on Wall Street was due to positive economic news but investors pinned their hopes on anticipation the Federal Reserve could roll out for more stimulus.
Reuters reported while a loss of 95,000 jobs normally might be expected to hurt stocks, the market's desire for cheap money trumped concerns about the slow economy.
''
Stocks to watch on Bursa Malaysia include WCT BHD [], TANJUNG OFFSHORE BHD [], glove makers and IJM Land.
WCT Bhd has secured a contract from Malaysia Airports Holdings Bhd (MAHB) to develop the new low cost carrier terminal (KLIA2) integrated complex, which will be undertaken on build-operate-transfer concession.The CONSTRUCTION [] cost of the integrated complex is estimated at approximately RM486 million.
WCT said the concession is for 25 years and may be extended for 10 years upon expiry. The development of the complex would be undertaken by a special purpose vehicle (SPV) in which WCT and MAHB will hold 70:30 equity interest.
Tanjung Offshore's unit Tanjung Kapal Services Sdn Bhd has been served with a notice of claim from Newfield Peninsula Malaysia Inc amounting to US$15.90 million.
The notice of claim was for damages to pipeline allegedly caused by one of Tanjung Kapal's vessels at the East Belumut Field, PM 323, offshore Malaysia.
The strengthening ringgit, rising latex prices and overcapacity in the industry are expected to translate into thinner margins for Malaysian rubber glove manufacturers.
IJM Corporation is evaluating various options about the liquidity of the shares of its 62.5%-subsidiary IJM Land Bhd.
The company said it was only in May 2009 it had placed out shares to fulfill the shareholding spread requirements of IJM Land.
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