Stock Market Books

Tuesday, February 26, 2008

KLCI on Feb 26

KLCI was up 4.64 points to 1375.43 with 368 gainers, led by plantations, against 323 losers. There were 737 million shares changed hand valuing at 1.53 billion.

Two mesdaq stocks were limit down, namely YGL(0086) and HDisply(0139). On Feb 11, YGL still hold at above one ringgit closed at 1.17, but went down to 0.61 the next day.

This stock was holding quite well above 50 sen until this afternoon, it started to break the 50 sen level and went limit down to 18 sen.

HDisply was also holding firm at around 1.57 but broke the 1.50 at 11.23 am today and went limit later at 1.04.

It seems that both stocks went limit down because some banks have pulled out their margin lines.

Maybank told Bursa that its CEO Datuk Amirsham Aziz retires on June 30 and will be replaced by Datuk Seri Abdul Wahid Omar.

TM told Bursa that its Q4 net profit was RM 592.5 million compared with RM 590.7 million in same quarter 2006. It proposed final gross divident of 22 sen.

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