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DiGi.Com Bhd will start selling the Apple iPhone in the second quarter of this year, Chief Executive Officer Johan Dennelind disclosed today.

He said this on the sidelines of DiGi’s Deep Green Challenge for Change Finale graced by Norwegian Crown Prince Haakon Magnus and Crown Princess Mette-Marit.

DiGi will be the second mobile telecommunications company to sell the iPhone in the country after Maxis Communication Bhd.

The iPhone entered the local market last year, when Maxis launched the smartphone on July 31.

Since the response to the revolutionary iPhone in Malaysia was overwhelming, Celcom Axiata Bhd recently expressed its interest to also sell the iPhone in Malaysia’s vibrant telecommunication market.

On DiGi’s “Deep Green” initiative, Dennelind said the company had set aside another RM60 million to achieve the target to reduce its carbon footprint by 50 per cent by 2012.

To date, it has invested RM40 million to embed sustainable development into every aspect of the company.

“Challenge for Change is one of many corporate responsibility programmes we have undertaken to address global issues that impact the environment.

“And we are committed to spend up to RM100 million over the course of the next three years to support our Deep Green agenda,” he said.

Six teams from four universities were selected for the final round from a total of 15 teams to undertake projects to design renewable energy solutions for rural, underserved communities in Malaysia.

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Bursa announced new companies classified as PN17:

1. Malaysian Merchant Marine Bhd (MMM)

2. Tracoma  Holdings Berhad  (TRACOMA)

3. VTI Vintage Berhad  (VINTAGE)

4. Ramunia Holdings Berhad (RAMUNIA)

5. Transmile Group Berhad  (TRANMIL)

6. Hock Sin Leong Group Berhad (HSLEONG)

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The FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) punched past the 1,300-point mark in morning trade to its highest level in two years with active trade in blue chips.

The benchmark index surged 22.33 points, or 1.72%, to 1,322.11 points at 12.30pm on continued buying interest in blue chips counters and selected lower liners. A total of 689.2 million shares were done. Advancers thumped decliners 501 to 167 while 238 counters were traded unchanged.

Public Bank Bhd-Foreign, which topped the gainers’ list, jumped 66 sen to RM11.94. Public Bank Bhd rose 60 sen to RM11.92 while CIMB Group advanced 40 sen to RM14.12.

Kek Seng (M) Bhd added 49 sen to RM4.71, Maybank put on 13 sen to RM7.53 and Bursa Malaysia Bhd rose 27 sen to RM7.68.

Earlier, Bursa Malaysia issued AE Multi Holdings Bhd with an unusual market activity query on the trading of its shares. AE Multi jumped 13sen to 87 sen on a heavy volume of 30.9 million shares.

The magnitude of the FBM KLCI’s rise is not uncommon among Asian countries. The Hang Seng Index was up 1.92% at 21,186.09, the Straits Times Index rose 35.33 points to 2,825.62 points, the Nikkei 225 increased 190 points to 10,558.96 points and the Jakarta Composite Index advanced 29.50 points to 2,608.28 points.

CIMB Equities Research said if the FBM KLCI could take out the 1,300 psychological level convincingly on stronger volume, then the index could take out the January high of 1,308 level soon.

“The next resistance is at 1,320 to1,324. However, failure to take out the 1,300 level would likely bring in another round of profit taking,” it said, adding that support was seen at 1,282 and 1,266.

“Bulls should also note that this current rally has been on weak volume, suggesting that there is a possibility of a double top pattern forming here,” CIMB said.

“If all goes well, we will see the benchmark FBM KLCI breaking past the psychological mark of 1,300 today, possibly surpassing its previous post-March 2009 recovery high of 1,308.52 (achieved on Jan 21),” according to HwangDBS Vickers Research.

The research house said giving sentiment an initial boost was last Friday’s strong performance on Wall Street.

Major US equity indices jumped between 1.2% and 1.5% at the closing bell on improving economic outlook and rising corporate activity.

“Back home, investors’ mood may be lifted too by the January external trade report released after market hours on Friday, which saw a big jump in exports and imports from a year ago.

“Separately, they will also be interested in a high profile forum – Palm and Lauric Oils conference starting today until Wednesday – where industry experts will talk about their crude palm oil (CPO) price forecasts as well as supply-demand outlook,” HwangDBS said.

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