Stock Market Books

Tuesday, May 6, 2008

KLCI closed 1.48 points higher to 1276.09

KLCI closes 1.48 points to 1276.09. Tenaga was up 30 sen to RM 7 but Maybank was down 30 sen to RM 7.70. PK Resources will be taken over at 60 sen a piece, up 24.5 sen to 99 sen.

Total volume traded today is 623 million shares.

Malaysia’s March exports rose 5.3% to RM 51.57 b, highest export value for month of March. Imports was up 2.6 % to RM 43.59b. Trade surplus was RM 7.89 b.

Silver Bird Group (SBG) to make bakery, confectionery under Tabung Haji new brand name. Tabung Haji owns 29.4 % of SBG, no plans for MGO.

Singapore-listed Nucleus Electronics buys 19m or 7.8% stake in Supercomal, ups stake to 15.64% or 38 m shares. Shares bought at 13.5 sen each.

Currency traders will not be allowed to borrow Ringgit for trading, sale to ensure 1997 currency crisis doesn’t recur: Second Finance Minister.

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