The market seems to be better after the PM announced its new cabinet line up. KLCI closed 2.49 pt up at 1180.02. There are 700 m shares changed hand valued at 1.48 b.
Risers 413 and there are 360 losers.
MRCB up 18 sen to 1.33, JAKS up 11 sens to 0.645,Equine up 13 sen to 0.885. KPS went limit up to close at 1.37(+27 sen).
CPO futures fell RaM 300 to RM 3300. IOIcorp down 25 sen to RM 6.65 and Sime down 25 sen to RM 9.15.
CPO 3-month futures hit limit down fell 10% or RM 360 to 3240 a tonne dragged down by sharp falls of global grain vegetable oils.
IOICorp buying oil palm companies owning 44350 ha in Sarawak for RM 439.85 m of
44350 ha, it said 13500 ha planted with oil palm.
SPSetia says it can meet RM 1.8 B original sales target in FY 08 despite earlier worst case scenario of RM 1.5 B due to local council delays.
Stan Chart Bank projects Malaysia GDP growth at 4.2 % this year due to concern of external factors. Government forecast 6% to 6.5%