Stock Market Books

Friday, June 6, 2008

Market rebounded up 25.01

KLCI closed up 25.01 to 1248.57. Tenaga rose 1.70 to RM9, Kulim was up 70 sen to RM9.95, Kulim-wb rose 60sen to RM7.30. CPO futures rose RM 86 to RM 3614.

Interest rate for soft loan for SME is reduced from 4% to 2% per annum effective immediately, says International Trade and Industry Minister.

Bank Negara reserves is at all time high of RM 400.1b (US$125.2b) as at May 30, sufficient to finance 9.8 months retained imports.

LKT Industrial will not be suspended from Monday as public shareholding increased to 10.38% from May 14, Bursa Securities says.

Asian Small Companies Portfolio sold 269,800 Kossan Rubber shares from May 29-30, ceased to be substantial shareholder.

Japan’s biggest banks booked US$11.7 bil of credit losses related to US mortgage collapse in 12 months ended March 31, says Bloomberg.

6/6 Ranhill Bhd launches the takeover offer for Ranhill Utilities will buy the remaining 29.6% or 87.17 m shares at RM 3.50 each for RM 305m.

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