KLCI closes 3.13 points up 1274.61. There are 493 million shares traded. Public Bank Foreign was up 30 sen to RM 11.70, Public Bank was up 20 sen to RM 11.60, but Puncak was down by 24 sen to RM 3.30.
KNM calls off RM 50 million acquisition of process equipment maker Pisces Engineering after signing memorandum of agreement in September 2007.
CPO futures were up RM 52 to RM 3393 on concerns hot weather could affect palm oil output. Aiatic was up by 15 sen to RM 7.95, Utd Plt was up 10 sen to RM 14 at 3.10pm.
BCHB will sell RM 1.5 b NPLs in an open tender, says CEO Nazir . He says, the current gross NPLs is at RM 7 billion. He says that the board also agreed to set up China representative office.
Maybank is buying 15% of Pakistan’s MCB Bank Ltd for RM 2.17 billion. It plans to acquire another 5% stake later.
Consumers must be prudent and spend within their means at a time when there is a global food supply shortage, says PM Abdullah Ahmad Badawi.
MEMs will resume trading on Tuesday after submitting outstanding annual report for FY ended July 31, 2007 on May 2. Last traded price was 14.5 sen.