KLCI closed up 4.92 points to 1285.27. There are 509 shares traded. F&N was up 45 sen to RM 9, PB Bank –F was up 30 sen to RM 11.90, PB Bank was up 20 sen to RM 11.80, DIGI was up by 20 sen to RM 25.
Steel importers will be exempted from import licences and paying import duties from Monday, says PM. Local steel makers are allowed to export. The cabinet has decided to abolish ceiling prices on steel for local market from Monday. Contractors for government projects can seek variations based on the new price.
BCHB first quarter net profit is recorded at RM 535.3 m vs RM 615.3m a year ago, revenue is at RM 2.02 b vs RM 2.1 b. EPS is recorded at 15.91 sen vs 19.13 sen due to tough global and local markets.
Securities Commission has launched probe into FX Capital Consultant, saying that it is unauthorized to deal in securities or provide fund management advice.
Hedge fund Platinum Global Dividend Fund substantial shareholder in NV Multi with 5.31% or 18.16 m shares after buying 1.16m shares recently.
World largest insurer American International Group first quarter net loss US$7.8b vs net income US$ 4.13 b a year ago, wrote down assets linked to subprime mortgages.
DIGI’s new 27.5m shares of 10 sen each will be listed on Monday. This concerned shares issued to TT Dotcom pursuant to transfer of 3G spectrum.