Stock Market Books

Wednesday, July 23, 2008

KLCI closed up 29.84 point to 1139.41

23/7 KLCI closed up 29.84 points to 1,139.41. Oil is down by US $ 1.92 to US $126.55, CPO eroded RM 161 to RM 3,091. Tanjong rose 50 sen, Bursa jumped 50 sen, BCHB shot up 50sen and Sime move up 25 sen.

Inflation in June 2008 was up 7.7% compared with June last year, also 3.9% higher than last month, says the Statistics Department.

CPI for June is up 7.7% on year, up 3.9 % on month, fuelled by substantial rise in the price of petrol, diesel.

Kencana deputy chairman Chong Hin Loon bought 25m Kencana shares or 2.77% on July 16 from major shareholder Khasera Baru.

DIGI reduces capex forecast for 2008 at RM 850m to RM 950m from earlier RM 850m to RM 950m from earlier Rm 850m to RM 1.1b due to higher visibility for 3G, mobile broadband.

JT International plans capital repayment of RM 196m or 75c for each share,via share capital reduction from RM 1 to 25c for every share.

22/7 KLCI closed 6 points to 1109.57. CPO closed at RM 3,265. DLady rose 40 sen to RM 12.20, DIGI jumped 30 sen to RM 23.60, Kulim shot up 25 sen to RM 8, Sime moved up 25 sen to Rm 7.85.

22/7 DIGI posts second quarter net profit RM 298.4m vs RM 250.32m a year ago. Revenue is recorded at RM 1.2b vs Rm 1.05b. Declared interim dividend of 57 sen per share.

22/7 Lembaga Tabung Haji bought 14.23m Ramunia shares from July 10-16, raised stake to 99.7m Ramunia shares or 18.06%.

22/7 US fund Liberty Square Asset Mgmt sold 3.46m MK Land shares in open market on July 16, cut MK Land stake to 4.88% or 58.79m shares.

22/7 Bosnian Serb wartime president Radovan Karadzic, one of Europe’s most wanted men, has been arrested in Serbia after 11 years on the run.

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