Stock Market Books

Tuesday, July 29, 2008

KLCI closed down 3.29 points to 1,150.80

29/7 KLCI closed down 3.29 points to 1,150.80. CPO dropped RM 85 to RM 2,416. Oil is recorded at US $125.38. Sealink dropped 16 sen to RM 1.09, Axis eroded 40 sen to 95 sen and Allianz slipped 32 sen to RM 3.38.

29/7 Hang Seng Index dropped 537 points or 2.37 % to 22,149 noon, Nikkei 225 slid 2.11% to 13,072.68, Shanghai A Share slipped 2.47% to 2,970.3, Singapore STI eroded 1.19%.

29/7 Newly-listed Sealink sees 19.2 m shares done off- market at RM 24.19 m or RM 1.26 each. At 4.05pm, it was down 13 sen to RM 1.12.

29/7 Bank Negara cancels nod for Maybank to acquire remaining stake in PT Bank Internasional due to Jakarta’s new takeover rule encated June 30.

29/7 Oilcorp says Horwath withdraws conditional consent to be nominated as auditor. No professional clearance given by previous auditor.

29/7 Temasek Holdings invests another US$900 m in Merrill Lynch. It invested US $5b in Merrill in December, says reports.

29/7 Another new listing, Uzma Bhd opens at Rm 1.70, down 20 sen against its IPO price of RM 1.90.

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