KLCI falls 29.56 points to close near 2-month low of 1223.56. Bat dropped RM 1.75 to RM 43.50, KLK slipped 90 sen to RM16.50, Bland-LB slid 75 sen to RM4.30.
Inflation is expected to exceed 5% in June in the wake of fuel prices hike, inflation for the whole year is estimated to rise to 4.2%, says Bank Negara.
Mudajaya secures RM958m contract for KL-Kuala Expressway, Assam Jawa-Kundang-Templer Park from Bina Puri.
Shriram Capital ends talk with Idaman Unggul on proposed acquisition of Tahan stake. However, talks with Tokio Marine Asia is still on.
HWGB 51 % subsidiary gets tin mining certificate to mine at 500 acres site in Sungai Endah, Hulu Perak for 10 years.
Tenaga says the profit may fall this year as tariff increase in July is insufficient to cover all of its higher fuel costs.
Tariffs for households below 200kwh per month will remain unchanged, household using 201-400 kwh will be up 1% to 10%. Industrial users’ tariff will be up by 26%.