16/6 KLCI closes up 8.71 points to 1238.06. CPO rose RM 41 to RM 3715. BAT increased RM 1 to RM 44.25, Tanjong rose 70 sen to Rm 15.70, Kulim jumped 30 sen to RM 9.70, TMI shot 20 sen to RM7.20.

Sarawak Oil Palms proposes bonus issue of 227.5m new shares on one-for-one basis.

Putera Capital-Melewar JV yet to get update from Sykt Prasarana Negara for Penang monorail project bid submitted in December last year.

UEM Land in talks with parties from Australia, India, US to develop Puteri Harbour project in Bandar Nusajaya.

Konsortium Logistik cuts revenue growth target to 20 % from 30% due to fuel price surge. It is buying fuel efficient trucks.

Sydney-based Platinum Investment Management buys 5m more Gamuda shares on June 6, raises stake to 7.1% or 148.48m.

Sime Darby plans to cultivate 7,000 ha in Sarawak for padi, says its Chairman.

World’s largest insurer American International Group CEO Martin Sullivan steps down and he is being replaced by the chairman Robert Willumstad.