KLCI closes 6.8 points down to 1280.35. CPO futures was up RM 82 to RM 3437. KLK was down 30 sen to RM 16.90, Tenaga was down 20 sen to RM 6.90 but VADS was up 45 sen to RM 6.40.
KLCI falls 11.2 points or 0.87% to 1275.95 midday. Singapore STI down 2.25%, Nikkei 225 down 0.84%. Ringgit was at 3.207 to US$1. .
EPF will sell 25% stake in RHB Cap at RM 7.20 per share or RM 3.87b to Abu Dhabi Commercial Bank. RHB Cap trading at RM 5.25 at 11 am.
Japan’s Sumitomo Bank in the running to buy 5% of RHB Cap from EPF, says EPF chief. EPF also to pare down 40 % stake in 2-3 years.
KSC Strategic Fund exits Efficient Solutions, sold 22.1 m shares or 6.7 % on April 28, ceased to be substantial shareholder.
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