Stock Market Books

Thursday, June 19, 2008

Market dropped again

19/6 KLCI closed 16.20 points down to 1196.39. All Asian markets fell. Shanghai is the worst hit, fell 6.5%. CPO fell RM 21 to RM 3,619. Banks, plantations are among the losers.

19/6 KLCI dropped 21 points or 1.7 % to 3-month low of 1,191.48 noon. Shanghai’s A share slipped 3.38%. Nikkei slid 2.5%, STI was down 1.62%, Hong Kong dropped 1.85%. CPO also slid RM 55 to RM3587。

Malaysia Steelworks gets London Metal Exchange’s nod to list its steel billets for futures contracts under Malaysia Steel Klang brand name.

Goldman Sachs sold 20 m Berjaya Corp shares on June 11, bought 158,000 shares on June 12. Total shareholding 9.29% or 279.42 m BCorp shares.

Kurnia Asia enters Thailand general insurance business, buying stake in Kurnia Insurance Thailand for RM 15.56m.

Ingress MoU with Kedah ICT Sdn Bhd, Japan’s Marubeni signed in June 2007 to develop ICT infrastructure, e-government for Kedah state has lapsed.

18/6 Btoto earnings for FY end April 30 at RM 348.66 m vs RM 375.68m a year ago, the fourth quarter net profit RM 60.76m vs RM 92.2m. Declared 9 sen dividend per share.

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