KUAL A LUMPUR:'' The final trading week for the global stock markets that starts on Monday, Dec 27 could largely mirror last week as most investors stayed on the sidelines ahead of the Christmas holidays.
US markets were closed on Dec 24 for the Christmas holiday. Meanwhile, trading at the Nikkei 255 also saw a shorter week as Dec 23 was a Japanese national holiday to celebrate the Emperor's birthday.
Key Asian markets mostly closed in the red last Friday, including the FBM KLCI.
Market observers and analysts concluded that investors took a breather and were probably taking profit as they headed towards year-end.
On the local front, the FBM KLCI gained 11.7 points week-on-week last Friday and added RM9.88 billion for the market capitalisation to increase to RM1.27 trillion.
Year-to-date, the FBM KLCI has gained 18.76%.
Trading patterns on Bursa Malaysia over the past few weeks have generally been in line with regional markets, as lack of fresh leads and a slowdown in corporate news have kept investors seemingly reluctant to take positions now.
Among the stocks to watch on Monday are glove makers, in particular ADVENTA BHD [], which earlier last week had hit up on market speculation that it could be a potential acquisition target by a US-based firm.
However, Adventa had announced that while it periodically receives expressions of interest on an exploratory basis from other parties in relation to possible acquisitions of the company but that there had been no material change in circumstances.
Last week, shares of other glove makers also rallied on this news.
Axiata could be in focus after OSK Research said the telco may dispose its 49% stake in Iran's Mobile Telecommunications Company of Esfahan (MTCE), a small mobile operator it acquired in 2005.
Axiata management, however, had stated it was in no hurry to dispose non-core assets until the right price was secured, said the research house.
The telco had last Thursday completed the sale of its entire stake of 18.9% in Samart Corporation Public Company Ltd.
Sime Darby filed a second civil suit last Friday against ex-president and group chief executive Datuk Seri Ahmad Zubir Murshid and two other former executives for breach of trust and fiduciary duty.
The suit seeks damages for at least RM92.2 million, interest and costs to be paid by the defendants for breach of trust and fiduciary duty in the Bakun project.
Meanwhile, K&N Kenanga Bhd said additional impairments of RM44.3 million would be reflected in the financial results of its wholly owned subsidiary Kenanga Investment Bank Bhd in the fourth quarter.
It said the impairments stem from write-downs in collateral values relating to a loan and an investment in an associate company.
US markets were closed on Dec 24 for the Christmas holiday. Meanwhile, trading at the Nikkei 255 also saw a shorter week as Dec 23 was a Japanese national holiday to celebrate the Emperor's birthday.
Key Asian markets mostly closed in the red last Friday, including the FBM KLCI.
Market observers and analysts concluded that investors took a breather and were probably taking profit as they headed towards year-end.
On the local front, the FBM KLCI gained 11.7 points week-on-week last Friday and added RM9.88 billion for the market capitalisation to increase to RM1.27 trillion.
Year-to-date, the FBM KLCI has gained 18.76%.
Trading patterns on Bursa Malaysia over the past few weeks have generally been in line with regional markets, as lack of fresh leads and a slowdown in corporate news have kept investors seemingly reluctant to take positions now.
Among the stocks to watch on Monday are glove makers, in particular ADVENTA BHD [], which earlier last week had hit up on market speculation that it could be a potential acquisition target by a US-based firm.
However, Adventa had announced that while it periodically receives expressions of interest on an exploratory basis from other parties in relation to possible acquisitions of the company but that there had been no material change in circumstances.
Last week, shares of other glove makers also rallied on this news.
Axiata could be in focus after OSK Research said the telco may dispose its 49% stake in Iran's Mobile Telecommunications Company of Esfahan (MTCE), a small mobile operator it acquired in 2005.
Axiata management, however, had stated it was in no hurry to dispose non-core assets until the right price was secured, said the research house.
The telco had last Thursday completed the sale of its entire stake of 18.9% in Samart Corporation Public Company Ltd.
Sime Darby filed a second civil suit last Friday against ex-president and group chief executive Datuk Seri Ahmad Zubir Murshid and two other former executives for breach of trust and fiduciary duty.
The suit seeks damages for at least RM92.2 million, interest and costs to be paid by the defendants for breach of trust and fiduciary duty in the Bakun project.
Meanwhile, K&N Kenanga Bhd said additional impairments of RM44.3 million would be reflected in the financial results of its wholly owned subsidiary Kenanga Investment Bank Bhd in the fourth quarter.
It said the impairments stem from write-downs in collateral values relating to a loan and an investment in an associate company.
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