Tuesday, October 6, 2009

DJ MARKET TALK: KNM +2.0%; More Contracts Expected - Dealer

0218 GMT [Dow Jones] KNM Group (7164.KU) +2.0% at 77.5 sen, leading volume list with 13.3 million shares, says dealer with local brokerage; this, after company says its units in Malaysia, U.A.E., Germany secured substantial new orders totaling MYR155 million from international clients since September 24. "The contracts clinched were expected but KNM may attract further interest on expectation of more contracts as demand for oil and gas products and services will continue to improve as oil price stabilises," says dealer; tips stock to test psychological 80-sen in near term.

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