Stock Market Books

Wednesday, May 21, 2008

KLCI closed down 6.23 on Wednesday

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.

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