KLCI closed 6.23 points lower at 1,281.20. IOICorp was down by 20 sen to RM 7.30, Bursa slipped by 15 sen to RM 8.25, YTLpower-WR dropped by 17.5 sen to 69.5 sen. CPO rose RM 17 to RM 3571.
KL Kepong second quarter net profit is recorded at RM 236.6m vs RM 126.7m a year ago. Revenue is recorded at RM 1.89 b vs RM 1.03b. It has declared a 15 sen dividend for second quarter.
More than 6000 credit card holders declared bankrupt in the past 4 years while the industry facesRM 2.5b bad debts, says second Finance Minister.