Stock Market Books

Thursday, July 3, 2008

Market closed 21.13 down to 1153.7 on Wednesday

2/7 KLCI closed 21.13 points down to 1153.7. There were 113 stock up and 620 stocks down. Tanjong eroded 70 sen to RM 13.10, Parkson dropped 42 sen to RM 4.54, IOI Corp dropped 35 sen to RM 7.05.

2/7 KLCI falls bellow March 10 level, down 17.84 points to 1, 156.99 at 11:30am. Nestle dropped 50 sen to RM 28.50, KFCH eroded 40 sen to RM 5.96, Bursa was down 25 sen to RM 6.90.

2/7 Starbucks Corp will close 600 US underperforming coffee-shops, cut 12,000 jobs or 7% of workforce worldwide after overexpansion, says reports.

2/7 Lembaga Tabung Haji bought 2m Muhibah Engineering shares on June 24, ups stake to 20.27m or 5.32%.

2/7 SP Setia sells 30.5 acres Setia Alam township to Greenhill Resources for RM 119.5m. SP Setia in JV to build RM 750 m retail mall there.

2/7 VADS gets RM 143 m professional services contract from TM to handle Streamyx and Non-Streamyx phone and non-voice duties over 3 years.

2/7 Top Glove third quarter net profit is recorded at Rm 26.09m vs RM 25.9m a year ago. Revenue is recorded at RM 356.14 vs RM 301.5m. EPS is 8.67 sen. It declared a dividend of 5 sen.

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