Stock Market Books

Monday, July 28, 2008

KLCI closed up 12.3 points to 1154 on Monday

28/7 KLCI closed up 12.3 points to 1,154. CPO eroded RM 5 to RM 3,065 off high RM 3,162. DiGi jumped 40 sen to RM 24.30, Allianz shot up 30 sen to RM 3.70, Tenaga 25sen to RM 8.35.

28/7 KLCI rose 11.97 points 1,153.7 at 11.19 am. CPO increased RM 64 to RM 3,134. DiGi rose 60 sen to RM 24.50, KLK jumped 40 sen to RM 13.50, Bursa shot up 25 sen to RM 7.15, Tenaga jumped 25sen.

28/7 Equine Capital audited net loss RM28.8m for FY March 31, 2008 from un-audited RM 24.36m due to additional provision. But the shares rose 23 sen to 68 sen.

Blogger: This is what many people do not understand why a company loss RM 28 m but its share still will rise. Is it because they thought the worst is over?

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