KLCI closes 10.77 points up at 1244.20. There are 440 million shares traded valued at 1 billion ringgit. TM was up 30 sen to 10.80, MBSB rose 26 sen to 1.39, IOICorp went up 15 sen to 7.15.
Government sees rising commodity prices, slower economic growth could impact plan to achieve fiscal deficit of 3.1% this year, says Nor Mohamed.
Oil and gas services provider Dayang’s public issue of 17.6 m new shares at RM 1.45 each was oversubscribed 8.39 times. It is scheduled to be listed on April 24.
Seadrill ups Sapuracrest stake to 17.44% or 203.82 m shares after buying 10 m shares from April 7 to 10.
SC charged Welli Multi ex-MD Ang Sun Beng and ED Ang soon An with 4 counts of giving misleading financial statements to SC.
Public bank reports net profit of RM 717 mil for first quarter ended March 31, up 51 % from RM 476 mil a year ago. Pre-tax profit was up 44% to RM 971 m.
Chevrolet will expand its manufacturing arm to Malaysia, but the details are to be finalized in a few months, says its SEA operations president.
Carrefour hopes to have 24 stores by 2010, from 13 now, says its MD. This year it plans to open 3 to 4 stores. Each store will cost RM 10 m to RM 15 m.
Tenaga quarter 2 net profit stands at RM 1.06 b vs RM 1.55b a year ago. EPS stands at 24.5 sen vs 36.3 sen. Revenue is RM 6.1b vs RM 5.68b.