KLCI closed at 1227.74 up 2.03

KLCI rose 2.03 points to 1227.74 today. Volume is 431 million. Top Glove rises 44 sen to RM 4.50; Sime is unchanged at RM 8.70. Oil is priced at US 108.70。 Ringgit is 3.182 to a dollar.

China stocks may fall 21% from October record due to lower share values on corporate profits, says Citigroup. Shanghai A fell 5.5% today.

TRC Synergy gets RM 196.5 m contract from Majlis Amanah Rakyat to build new campus for Universiti KL’s branch in Pasir Gudang.

Infra Bumitek serves conditional take-over for remaining 114.91m shares in Sunway Infrastructure or 63.84% stake at 17 sen per share.

Bank Negara raids Pan Phoenix Dina Sdn Bhd, related firms in Kota Baru, KL over illegal deposit taking, money laundering.

8/4 KLCI closes 4.64 pt up at 1225.7. Most Asian markets fell. KLK was up 40 sen to RM 15.80; IOI Corp rose 20 sen to RM 6.85. CPO futures rose RM 14 to RM 3396.

All cheques, both local and outstation, are to be cleared in a day by early next year under Bank Negara’s new cheque processing system.

Aras Kreatif emerges as substantial shareholder in RCE Capital with 79.4m shares or 11.17 as at April 1.

RCE Capital’s 20 m shares done off-market at RM 10.6m or 53 sen each at 12.05pm. The share was up 1 sen to 54 sen at midday.

OCBC Capital owned 99.7% of Pacific Mas shares when take-over offer closed at 5 pm on Tuesday.

Dubai Investment Group sold 28.28m PECD shares or 5.56% stake in open market, ceased to be substantial shareholder as at March 26.

Dubai Group invests RM158m for 30% stake in Malaysia’s GBD Investment, which own biodiesel plant with capacity of 500,000 tonnes per year.


BNM international reserves fell to RM 384.66 b at March 31, down RM 8.55b from RM 393.21 b on March 14. In US dollars, reserves fell US $1.2b.

SC files civil suit against 8 foreign parties, 2 Malaysian--Tan Mong Sing, Low Thiam Hock--over manipulation, rigging of Iris shares.

Foreigners in SC suit over Iris fraud--Aeneas Capital and MD Richard Cohen, Priam Holdings,Aeneas Capital managing partner Grossman.

But why civil suit? very strange.

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