Stock Market Books

Friday, June 13, 2008

KLCI closed 3.8 up points to 1229.35

13/6 KLCI closed 3.8 points up to 1229.35. CPO rose RM 67 to RM3712. KLK rose 30 sen to RM 17.10, PPB went up 30 sen to RM 11, LKT rose 26 sen to RM 3.36, Asiatic rose 25 sen to RM8.25.

Welli Multi will be suspended from Monday until further notice for failing to submit reports for 3 quarters since June 30, 2007 and annual report.

Petronas Gas and Yayasan Sabah will explore the possibility to build 300mw gas power plant project in Papar, Sabah.

Khazanah says GLC transformation is 40% done and now it is in the third phase from 2007-2010. Also there are 20 GLCs earnings rose to RM 19.1b at the end of 2007 from RM 10 b in 2004.

Khazanah net worth of portolio assets falls from RM 62.2b in May 2007 to RM 53.1 b on May 31 this year, 88% of investments are in Malaysian assets.

Master Builders Association wants government including mandatory fluctuation clause for future construction contracts due to soaring material prices.

Faber gets shareholder nod to buy remaining 30% of Faber Med-Serve, boosting chances to get concessions for government hospital services renewed.

AmBank sells 5m Gula Perak shares or 0.78% on June 6, cuts stake to 94.47m.

Nomad Invest ups AirAsia stake to 130m or 5.48% bought 10 m shares from June 10 to 11. Rowe Price sold 3.2 m shares on June 6, cut the stake to 157m.

12/6 Mutiara Goodyear in JV with Tambun Indan Group for residential development project in Seberang Perai, Penang with GDV of RM 776m.

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