KUALA LUMPUR: Stocks on Bursa Malaysia could be range bound with some downward bias on Friday, July 8 as tensions mount ahead of the Bersih rally on Saturday.
News reports said the police would close all major roads in and out of the city on Saturday to stop the three planned public rallies organised by the Bersih 2.0, Perkasa and Umno Youth.
City police chief Datuk Amar Singh was quoted saying the police received reports some groups are planning to gather at certain hotspots downtown and advised the public to keep out of Kuala Lumpur for that day if they have no business to be in town.
However, the positive news will come from Prime Minister Datuk Seri Najib Tun Razak's launch of the MY Rapid Transit (MRT), a project that will complement public transportation services in the Klang Valley.
The first MRT line will run over a distance of 51 km, from Sungai Buloh to Kajang, cutting through Bandar Utama, Damansara, Taman Tun Dr Ismail, Kuala Lumpur city centre and the heavily-populated Cheras.
Stocks to watch include Gamuda and MMC Corp as they are expected to take the lead in the MRT projects, RHB CAPITAL BHD [], CCM Bhd and I-BHD [].
RHB Capital's unit RHB Bank Bhd has received the Securities Commission's approval to issue up to RM3 billion debt notes programme.
It said the approval for the issuance of the subordinated notes was obtained from Bank Negara Malaysia on May 27.
'The proceeds raised from the programme will be utilised by RHB Bank for its and its subsidiaries' general working capital and other corporate purposes,' it said.
Banks could also see trading interest after Bank Negara Nasional (BNM) decided to keep the overnight policy rate (OPR) at 3% at its Monetary Policy Committee (MPC).
However, it raised the Statutory Reserve Requirement (SRR) Ratio from 3% to 4%, effective from July 16, 2011 to manage the significant build-up of liquidity, which may result in financial imbalances and create risks to financial stability.
KKB ENGINEERING BHD [] has secured a RM70 million contract from OM Materials (Sarawak) Sdn Bhd for the proposed earthworks package for OM Sarawak Plant at Samalaju Industrial Park.
I-Bhd has inked a 21-year concession agreement with the Selangor state government to develop the i-City Area as a Technopreneur Campus.
YTL POWER INTERNATIONAL BHD [] expects to realise a gain on disposal of RM210.10 million from the sale of a 42.86% equity interest in YTL Jawa BV to Marubeni Corporation for US$224 million (RM680.96 million).
Its unit YTL Jawa Power Holdings Ltd had entered into the share purchase agreement with Maubeni and its subsidiary Aster Power for the sale of 7,715 ordinary shares of '1 each and certain company interests.
News reports said the police would close all major roads in and out of the city on Saturday to stop the three planned public rallies organised by the Bersih 2.0, Perkasa and Umno Youth.
City police chief Datuk Amar Singh was quoted saying the police received reports some groups are planning to gather at certain hotspots downtown and advised the public to keep out of Kuala Lumpur for that day if they have no business to be in town.
However, the positive news will come from Prime Minister Datuk Seri Najib Tun Razak's launch of the MY Rapid Transit (MRT), a project that will complement public transportation services in the Klang Valley.
The first MRT line will run over a distance of 51 km, from Sungai Buloh to Kajang, cutting through Bandar Utama, Damansara, Taman Tun Dr Ismail, Kuala Lumpur city centre and the heavily-populated Cheras.
Stocks to watch include Gamuda and MMC Corp as they are expected to take the lead in the MRT projects, RHB CAPITAL BHD [], CCM Bhd and I-BHD [].
RHB Capital's unit RHB Bank Bhd has received the Securities Commission's approval to issue up to RM3 billion debt notes programme.
It said the approval for the issuance of the subordinated notes was obtained from Bank Negara Malaysia on May 27.
'The proceeds raised from the programme will be utilised by RHB Bank for its and its subsidiaries' general working capital and other corporate purposes,' it said.
Banks could also see trading interest after Bank Negara Nasional (BNM) decided to keep the overnight policy rate (OPR) at 3% at its Monetary Policy Committee (MPC).
However, it raised the Statutory Reserve Requirement (SRR) Ratio from 3% to 4%, effective from July 16, 2011 to manage the significant build-up of liquidity, which may result in financial imbalances and create risks to financial stability.
KKB ENGINEERING BHD [] has secured a RM70 million contract from OM Materials (Sarawak) Sdn Bhd for the proposed earthworks package for OM Sarawak Plant at Samalaju Industrial Park.
I-Bhd has inked a 21-year concession agreement with the Selangor state government to develop the i-City Area as a Technopreneur Campus.
YTL POWER INTERNATIONAL BHD [] expects to realise a gain on disposal of RM210.10 million from the sale of a 42.86% equity interest in YTL Jawa BV to Marubeni Corporation for US$224 million (RM680.96 million).
Its unit YTL Jawa Power Holdings Ltd had entered into the share purchase agreement with Maubeni and its subsidiary Aster Power for the sale of 7,715 ordinary shares of '1 each and certain company interests.
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