KLCI eroded 3.84 to close at 866.14. Gainers 255, losers 408 and there 207 counters untraded. Volume is recorded at 5.82 mil shares.
20/11 MISC second quarter net profit fell 29% to RM 450m from RM 639m a year ago due to losses in liner business. Revenue is recorded at RM 4.45b vs RM 3.17 b a year ago. It declared a 15 c dividends.
19/11 Allianze Malaysia calls off talks with Idaman Unggul over its proposed acqusition of the entire stake in Tahan Insurance Malaysia.
19/11 The EU is urging South-East Asia to speed up trade negotiations between the two blocs to minimise impact of global financial crisis.
19/11 Sime Darby is making foray into China's downstream palm oil business via JV with Chinese government-linked company Dongguan Sinograin Oils & Grains.
19/11 BNP Paribas, Natixis Transport Finance seal USD 336 m sharia financing for AirAsia 8 Airbus 320-200 aircraft.
18/11 The cabinet has agreed in principle to give land to asli for housing and agriculture, says Rural and Regional Minister Muhammad Mat Taib.
18/11 overnight Dow settled 223.73 points down to close at 8273.58.
17/11 Plus third quarter net profit fell to RM 241.7m from RM 286.2m a year ago, due to lower toll collection followintg increase in fuel price on June 5.
17/11 Tan Chong Motor third quarter net profit surged to RM 95.4m from RM 33.17m a year ago, boost from new models, greater cost efficiency. Revenue is recorded at Rm 1 b.
17/11 Moody's has negative outlook for all three shipping sectors of dry bulk, tankers, and liners in Asia Pacific over the next 12-18 months.
17/11 Government has paid out RM 2.5 bil in petrol rebate from June 14 to Oct 31 to 5.66 mil motorists, says the Deputy Finance Minister.
16/11 Bank Negara Governor Dr Zeti Aziz and economist Jomo Sundaram appointed to UN taskforce to examine possible reforms of global financial system.
Friday, November 28, 2008
Thursday, November 27, 2008
KLCI closed 13.61 points up to 869.98
27/11 KLCI rose 13.61 to close at 869.98. Other markets also perform quite well.
United States Stock Market Dow closed at 8726.61, up 247.14,
Nasdaq closed at 1532.10, up 67.37, S & P 500 887.68, jumped 30.29,Nikkei closed at
8373.39, rose 160.17, Hang Seng closed at 13552.06, up 182.61, Shanghai closed at
1917.86, up 19.97, Singapore Stock Market Straits closed at 1710.52, -0.61
Jakarta Stock Exchange Jakarta closed at 1202.07, 8.92
Ramunia eroded 0.145 c to close at 0.465.
24/11 KLCI fell 11.49 points to 855.39 at close. CPO rose RM 15 to RM 1,475. Oil at USD 49.
24/11 Bonia will focus on expanding export markets, especially Saudi Arabia and Vietnam. It will seek higher contribution from Singapore also.
24/11 Amanah Saham Nasional announces income distribution of 7 c per unit for ASN 3 Imbang for FY ended Nov 30. NAV of ASN 3 at 94 c on Nov 21.
24/11 US will invest USD 20 b in Citigroup, back by USD 306 b loan pool. US will also use all resources to preserve banking institutions, says wire report.
United States Stock Market Dow closed at 8726.61, up 247.14,
Nasdaq closed at 1532.10, up 67.37, S & P 500 887.68, jumped 30.29,Nikkei closed at
8373.39, rose 160.17, Hang Seng closed at 13552.06, up 182.61, Shanghai closed at
1917.86, up 19.97, Singapore Stock Market Straits closed at 1710.52, -0.61
Jakarta Stock Exchange Jakarta closed at 1202.07, 8.92
Ramunia eroded 0.145 c to close at 0.465.
24/11 KLCI fell 11.49 points to 855.39 at close. CPO rose RM 15 to RM 1,475. Oil at USD 49.
24/11 Bonia will focus on expanding export markets, especially Saudi Arabia and Vietnam. It will seek higher contribution from Singapore also.
24/11 Amanah Saham Nasional announces income distribution of 7 c per unit for ASN 3 Imbang for FY ended Nov 30. NAV of ASN 3 at 94 c on Nov 21.
24/11 US will invest USD 20 b in Citigroup, back by USD 306 b loan pool. US will also use all resources to preserve banking institutions, says wire report.
Tuesday, November 25, 2008
Ramunia hit limit down
26/11 KLCI was down 9.46 points to 850.72 at noon. CPO rose RM 23 to RM 1543. Ramaunia erode 39 c to 91c, PPB was down 35 c to RM 8.30, MISC-F slide 35 c to RM 7.95, Ramunia-WA was down 30 c to 70c.
Why Ramunia hit limit down? This is because MISC says it has terminated sale and purchase deal with Ramunia due to unsatisfactory due diligence findings.
26/11 The Dow gained a further 36.08 points to 8,479.47 in overnight trading; Crude oil settled down USD 3.73 to USD 50.77.
26/11 Temasek holdings becomes substantial shareholder in WCT Bhd after buying 38.89m shares or 5.04% on Nov 20, according to Bursa filing.
26/11 FFM president says measures taken to cut costs include shorter working hours, longer leave periods. No retrenchment yet among 2,300 members.
25/11 AirAsia X announces KL-London RM 499 one-way fare for travel March 11 to Oct 4, 2009, 5 flights a week, online bookings begin 8 pm tonight.
25/11 IJM Corp second quarter net profit is recorded at RM 88m, down 4.5% from RM 92m a year ago. Declare 25 c dividend. IJM Plant second quarter net profit is RM 36.9m. IJM Land second quarter profit is RM 5.1m.
25/11 KLCI closed up 4.79points to 860.18. CPO rose RM 44 to RM 1,532. Cepco improved 38c to RM 2.38, BKawan increased 35c to RM 7.35, PetDag jumped 35 c to RM 7.05, KFC rose 30 c.
25/11 CIMB Bank, CIMB Islamic Bank cut BLR, base financing rate by 25 basis points to 6.5% from Dec 1 to pass on benefit of OPR cut to borrowers.
25/11 HSBC Malaysia CEO Doerner says no grounds for concern over job cuts in Malaysia. HSBC targets to grow Islamic assets by 20% in 2 years.
25/11 Overnight Dow ended 396.97 points higher, or 4.93pct to 8443.39; Nymex crude oil settled at USD 54.50, up USD 4.57.
25/11 MMC says there is no plans to take Zelan private nor inject MMC Engineering into Zelan. However, MMC says it is committed to work with Zelan.
24/11 UMW third quarter net profit is recorded at RM 152.6m vs RM 140m a year ago, boost by higher sales of Toyota vehicles despite higher income tax. It declared a 10 c dividend.
Why Ramunia hit limit down? This is because MISC says it has terminated sale and purchase deal with Ramunia due to unsatisfactory due diligence findings.
26/11 The Dow gained a further 36.08 points to 8,479.47 in overnight trading; Crude oil settled down USD 3.73 to USD 50.77.
26/11 Temasek holdings becomes substantial shareholder in WCT Bhd after buying 38.89m shares or 5.04% on Nov 20, according to Bursa filing.
26/11 FFM president says measures taken to cut costs include shorter working hours, longer leave periods. No retrenchment yet among 2,300 members.
25/11 AirAsia X announces KL-London RM 499 one-way fare for travel March 11 to Oct 4, 2009, 5 flights a week, online bookings begin 8 pm tonight.
25/11 IJM Corp second quarter net profit is recorded at RM 88m, down 4.5% from RM 92m a year ago. Declare 25 c dividend. IJM Plant second quarter net profit is RM 36.9m. IJM Land second quarter profit is RM 5.1m.
25/11 KLCI closed up 4.79points to 860.18. CPO rose RM 44 to RM 1,532. Cepco improved 38c to RM 2.38, BKawan increased 35c to RM 7.35, PetDag jumped 35 c to RM 7.05, KFC rose 30 c.
25/11 CIMB Bank, CIMB Islamic Bank cut BLR, base financing rate by 25 basis points to 6.5% from Dec 1 to pass on benefit of OPR cut to borrowers.
25/11 HSBC Malaysia CEO Doerner says no grounds for concern over job cuts in Malaysia. HSBC targets to grow Islamic assets by 20% in 2 years.
25/11 Overnight Dow ended 396.97 points higher, or 4.93pct to 8443.39; Nymex crude oil settled at USD 54.50, up USD 4.57.
25/11 MMC says there is no plans to take Zelan private nor inject MMC Engineering into Zelan. However, MMC says it is committed to work with Zelan.
24/11 UMW third quarter net profit is recorded at RM 152.6m vs RM 140m a year ago, boost by higher sales of Toyota vehicles despite higher income tax. It declared a 10 c dividend.
Saturday, November 22, 2008
Friday Dow jumped 494 points
Wall Street put a stop to a terrifying decline and stormed higher Friday as President-elect Barack Obama appeared ready to tap the chief of the New York Federal Reserve as the next treasury secretary and hand him the herculean task of righting the US financial system.
The Dow Jones industrial average, which had broken even for the day until news of the nomination leaked about an hour before the close, raced upward and finished 494 points higher, a rally of more than 6 1/2 percent. The Dow finished at 8046.
21/11 KLCI closed 1.56 points up to 866.88. CPO falls RM 14 to RM 1,454. DiGi rose 30 c to RM 20.20, TMI increased 22 c to RM 4.20, PBBank jumped 20 c to RM 8.50, IJM shot up 15 c.
21/11 Bank Negara international reserves fell to RM 343.8 b (USD 99.7b) as at Nov 14 from RM 345.5b (USD 100.2b) on Oct 31.
21/11 Overnight Wall Street settled down 444.99 points, or 5.56 pct to 7552.29; Crude Oil is recorded at USD 49.62, losing USD 4 a barrel.
20/11 YTL Power first quarter net profit is recorded at RM 180.4m vs RM 235m a year ago due to one-off tax payment by power unit. Revenue is RM 1.05b, dividend declared is 4.5c.
The Dow Jones industrial average, which had broken even for the day until news of the nomination leaked about an hour before the close, raced upward and finished 494 points higher, a rally of more than 6 1/2 percent. The Dow finished at 8046.
21/11 KLCI closed 1.56 points up to 866.88. CPO falls RM 14 to RM 1,454. DiGi rose 30 c to RM 20.20, TMI increased 22 c to RM 4.20, PBBank jumped 20 c to RM 8.50, IJM shot up 15 c.
21/11 Bank Negara international reserves fell to RM 343.8 b (USD 99.7b) as at Nov 14 from RM 345.5b (USD 100.2b) on Oct 31.
21/11 Overnight Wall Street settled down 444.99 points, or 5.56 pct to 7552.29; Crude Oil is recorded at USD 49.62, losing USD 4 a barrel.
20/11 YTL Power first quarter net profit is recorded at RM 180.4m vs RM 235m a year ago due to one-off tax payment by power unit. Revenue is RM 1.05b, dividend declared is 4.5c.
KC Goh will give his market outlook on Nov 23 at Popular Tebrau City, JB
KC Goh,the author of a stock market book, will talk about market outlook on Nov 23 (Sunday) at Popular Book store, Tebrau City, JB, from 4 pm to 6 pm. All are welcome
Thursday, November 20, 2008
KLCI closed down 12.33 pt to 865.32
20/11 KLCI closed down 12.33 points to 865.32. CPO fell RM 33 to RM 1447, oil down USD 1.05 to USD $52.57. LKT erode 31 c to RM 2.48, EON Cap dropped 26 c to RM 3.24.
20/11 October car sales fell to 33,418 units from 39,198 units a year due to low consumer confidence caused by global financial woes.
20/11 Perwaja says amount due to vessel operator Swissmarine Services for transporting steel from Mexico to Terengganu at USD 6 m only.
20/11 Goldman Sach ceases to be substantial shareholder of Pelikan International after selling 7 m shares on Nov 12, cut stake to 10.6m shares.
20/11 MAS extends Idris Jala contract as managing director for another three years, effective from Dec 1 this year to Nov 30, 2011.
20/11 PBBank-F falls 25 c to RM 8.35 at midday, Shell erode 25c to RM 9.25, EON Cap dropped 22 c to RM 3.28, PB Bank slide 20 c to RM 8.30, BHIC slipped 16 c to RM 2.84.
20/11 Iskander Malaysia project moving forward despite economic slowdown with investments totaling RM 40.25 bil since 2006: Johore MB.
20/11 APEC nations will push for a quick conclusion to stalled WTO talks to help fix global financial crisis, says Muhyiddin Yassin in Lima.
20/11 Overnight Dow finished down 427.47 points, or 5.07 pct to 7997.28; Crude oil is priced at USD 53.62, easing 77 cents a barrel.
19/11 Petronas Gas posts RM 207.24 m net profit in second quarter, down from RM 246.6m net profit a year ago due to higher costs. It declared a 15 c dividend.
19/11 Esso Malaysia posts a net loss of RM 133.25 m in third quarter vs net profit of RM 15.5m a year ago due to inventory losses from plunge in crude, product prices.
20/11 October car sales fell to 33,418 units from 39,198 units a year due to low consumer confidence caused by global financial woes.
20/11 Perwaja says amount due to vessel operator Swissmarine Services for transporting steel from Mexico to Terengganu at USD 6 m only.
20/11 Goldman Sach ceases to be substantial shareholder of Pelikan International after selling 7 m shares on Nov 12, cut stake to 10.6m shares.
20/11 MAS extends Idris Jala contract as managing director for another three years, effective from Dec 1 this year to Nov 30, 2011.
20/11 PBBank-F falls 25 c to RM 8.35 at midday, Shell erode 25c to RM 9.25, EON Cap dropped 22 c to RM 3.28, PB Bank slide 20 c to RM 8.30, BHIC slipped 16 c to RM 2.84.
20/11 Iskander Malaysia project moving forward despite economic slowdown with investments totaling RM 40.25 bil since 2006: Johore MB.
20/11 APEC nations will push for a quick conclusion to stalled WTO talks to help fix global financial crisis, says Muhyiddin Yassin in Lima.
20/11 Overnight Dow finished down 427.47 points, or 5.07 pct to 7997.28; Crude oil is priced at USD 53.62, easing 77 cents a barrel.
19/11 Petronas Gas posts RM 207.24 m net profit in second quarter, down from RM 246.6m net profit a year ago due to higher costs. It declared a 15 c dividend.
19/11 Esso Malaysia posts a net loss of RM 133.25 m in third quarter vs net profit of RM 15.5m a year ago due to inventory losses from plunge in crude, product prices.
KC Goh was invited by Penang Gurney Plaza Popular to talk about stock market on Nov 16, 2008
KC Goh was analysing the stock market outlook on Nov 16, 2008 at Gurney Plaza Penang Popular Bookstore. He will be talking again at Tebrau City Popular Bookstore Johore Baru on Nov 23, 2008 on the same subject. All are welcome.
Wednesday, November 19, 2008
19/11 KLCI closed down 5.44 to 877.65. CPO rose RM 43 to RM 1,479, Ekovest-WA dropped 30 c to 30 c, Nestle erode 25 c to Rm 27.50, superlon dropped 24 c to 53c.
19/11 North American semiconductor equipment industry posts USD 843m orders in October, based on 3-month average. Book-to-bill ratio at 0.93.
19/11 Wall Street closed up 151.17 points, or 1.83 pct to 8,424.75; Nymex crude oil at USD 54.39, down 56 cents a barrel.
18/11 Affin Holdings third quarter net profit is recorded at RM 53.9m vs RM 60m a year ago. Revenue is RM 516.6m vs RM 576.8m. EPS is 3.61c vs 4.67c. Declared dividend 5 c per share.
18/11 AmBank invested RM 30m to buy 600 self-service machines, including ATMs to be installed nationwide by mid-2009 to boost consumer banking biz.
18/11 All highway concessionaires except Maju Expressway have consented to make their agreements public: Works Minister Mohd Zin.
19/11 North American semiconductor equipment industry posts USD 843m orders in October, based on 3-month average. Book-to-bill ratio at 0.93.
19/11 Wall Street closed up 151.17 points, or 1.83 pct to 8,424.75; Nymex crude oil at USD 54.39, down 56 cents a barrel.
18/11 Affin Holdings third quarter net profit is recorded at RM 53.9m vs RM 60m a year ago. Revenue is RM 516.6m vs RM 576.8m. EPS is 3.61c vs 4.67c. Declared dividend 5 c per share.
18/11 AmBank invested RM 30m to buy 600 self-service machines, including ATMs to be installed nationwide by mid-2009 to boost consumer banking biz.
18/11 All highway concessionaires except Maju Expressway have consented to make their agreements public: Works Minister Mohd Zin.
Tuesday, November 18, 2008
KLCI closed 0.97 point down to 883.09
18/11 KLCI fell 0.97 point to 883.09 at closing.
18/11 Obama & McCain pledged a "new era of reform" to solve the US economic crisis, transform energy policy & safeguard national security.
18/11 KLCI fell 1.3 points to 882.7 noon. CPO fell RM 10 to RM 1,425. UEM Land rose 11c to 66 c but Utd Plantation dropped 30 c to RM 10.10, KLK erode 15 c to RM 8.25, WCT droppped 12 c.
18/11 UEM Land to raise RM 850 m bank loan from five local banks via Islamic financing. Expect to finalise by March 2009, says MD.
18/11 Pavilion Residences, with GDV of RM 610m fully sold out, completion early 2009. Each condominium cost RM 1.8m and above.
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18/11 Government had stopped subsidising pertrol at the beginning of November because of low global prices, says Domestic Trade and Consumer Affairs Minister.
18/11 Light vehicles will enjoy 10 pc toll discount on North-South and Elite highways between midnight and 7am beginning next year: Plus.
17/11 Utd Plantations third quarter earnings increased 58 % to RM 89.9m from RM 56.7m a year ago, boost from higher CPO prices. Declared dividend 15 c net per share.
17/11 KLCI closed 2.4 points up to 884. Oil dropped US $ 1.03 to USD$ 56.00. CPO slid RM 30 to RM 1430, BAT rose 50 c to RM 43.25, Nestle improved 25 c to RM 27.75, KFC jumped 20 c to RM 7.
18/11 Obama & McCain pledged a "new era of reform" to solve the US economic crisis, transform energy policy & safeguard national security.
18/11 KLCI fell 1.3 points to 882.7 noon. CPO fell RM 10 to RM 1,425. UEM Land rose 11c to 66 c but Utd Plantation dropped 30 c to RM 10.10, KLK erode 15 c to RM 8.25, WCT droppped 12 c.
18/11 UEM Land to raise RM 850 m bank loan from five local banks via Islamic financing. Expect to finalise by March 2009, says MD.
18/11 Pavilion Residences, with GDV of RM 610m fully sold out, completion early 2009. Each condominium cost RM 1.8m and above.
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18/11 Government had stopped subsidising pertrol at the beginning of November because of low global prices, says Domestic Trade and Consumer Affairs Minister.
18/11 Light vehicles will enjoy 10 pc toll discount on North-South and Elite highways between midnight and 7am beginning next year: Plus.
17/11 Utd Plantations third quarter earnings increased 58 % to RM 89.9m from RM 56.7m a year ago, boost from higher CPO prices. Declared dividend 15 c net per share.
17/11 KLCI closed 2.4 points up to 884. Oil dropped US $ 1.03 to USD$ 56.00. CPO slid RM 30 to RM 1430, BAT rose 50 c to RM 43.25, Nestle improved 25 c to RM 27.75, KFC jumped 20 c to RM 7.
Wednesday, November 12, 2008
Najib:30% bumi equity can open it to other during difficult economy time
12/11 The DPM Najib said:30% bumi equity remains but, in view of the current economy, companies unable to find suitable bumiputeras can open it to others.
12/11 Shell Refining posted the third quarter net loss of RM 286.54m compared with net profit of RM 128.83 a year ago, due to stockholding loss of RM 254m, lower production.
12/11 International Trade and Industry Minister Muhyiddin Yassin to announce incentive package on Friday to promote investments in country.
12/11 The Dow closed down 176.58 points or 2 pct to 8,693.96; Crude oil settled at USD$59.33 a barrel, dropped 3.08 in overnight session.
12/11 Shell Refining posted the third quarter net loss of RM 286.54m compared with net profit of RM 128.83 a year ago, due to stockholding loss of RM 254m, lower production.
12/11 International Trade and Industry Minister Muhyiddin Yassin to announce incentive package on Friday to promote investments in country.
12/11 The Dow closed down 176.58 points or 2 pct to 8,693.96; Crude oil settled at USD$59.33 a barrel, dropped 3.08 in overnight session.
Saturday, November 8, 2008
KLCI eroded 2 points to 893.9 on Friday
7/11 KLCI eroded 2 points to 893.9. YTL slipped 30 c to RM 6.20, Dutaland- LA dropped 16 c to 24 c, Cepco slid 15 c to RM 2.35, MISC-F soften 15 c to RM 8.35, sime eroded 15 c to RM 6.20.
7/11 Bank Negara international reserves fell to RM 345.55 bil (US 100.2) as at Oct 31, down from RM 361.76 b on Oct 15 and Rm 379.35 b on Sept 30.
7/11 IOI Corp first quarter net profit is recorded at RM 290.5 m vs RM 451 m a year ago. Realized forex loss of RM 100 m, unrealized translation loss on USD loans of RM 212.2m.
7/11 Asian markets pare losses by noon. KLCI was down 6.56 point to 889.39. CPO rose RM 23 to RM 1622.
7/11 US-based Emerging Markets Growth Fund sold 7m IJM Corp shares on Nov 4, ceases to be substantial shareholder.
7/11 DJIA fell 443 points or 4.9 % to close at 8,695 after jobless claims rose, companies posted weaker earnings. Oil fell 47 c to USD 60.30.
31/10 Maybank CFO Aminuddin Md Desa to helm insurance arm, while Telekom Malaysia ex-chief strategy officer Khairussaleh Ramli takes over as CFO.
31/10 Auditors of OCI say unable to form opinion on accounts of company, subsidiaries due missing accounts, financial details.
31/10 Fitch says Malaysian banks resilient in first half 2008 but sees weaker earnings due to worsening global economic outlook especially in 2009.
31/10 Finland's Populus Mutual Fund sold 3.428m Adventa shares on Wednesday, cuts stake to 5.57m and ceases to be substantial shareholder.
30/10 US Fed cuts interest rate by 50 basis points to 1 % to avert economic downturn, but sees downside risks to growth remaining.
7/11 Bank Negara international reserves fell to RM 345.55 bil (US 100.2) as at Oct 31, down from RM 361.76 b on Oct 15 and Rm 379.35 b on Sept 30.
7/11 IOI Corp first quarter net profit is recorded at RM 290.5 m vs RM 451 m a year ago. Realized forex loss of RM 100 m, unrealized translation loss on USD loans of RM 212.2m.
7/11 Asian markets pare losses by noon. KLCI was down 6.56 point to 889.39. CPO rose RM 23 to RM 1622.
7/11 US-based Emerging Markets Growth Fund sold 7m IJM Corp shares on Nov 4, ceases to be substantial shareholder.
7/11 DJIA fell 443 points or 4.9 % to close at 8,695 after jobless claims rose, companies posted weaker earnings. Oil fell 47 c to USD 60.30.
31/10 Maybank CFO Aminuddin Md Desa to helm insurance arm, while Telekom Malaysia ex-chief strategy officer Khairussaleh Ramli takes over as CFO.
31/10 Auditors of OCI say unable to form opinion on accounts of company, subsidiaries due missing accounts, financial details.
31/10 Fitch says Malaysian banks resilient in first half 2008 but sees weaker earnings due to worsening global economic outlook especially in 2009.
31/10 Finland's Populus Mutual Fund sold 3.428m Adventa shares on Wednesday, cuts stake to 5.57m and ceases to be substantial shareholder.
30/10 US Fed cuts interest rate by 50 basis points to 1 % to avert economic downturn, but sees downside risks to growth remaining.
Thursday, November 6, 2008
KLCI closed 19.29 points down to 895.95
6/11 KLCI closed down 19.29 to 895.95.
6/11 Malaysia will study policies of newly-elected President Obama before deciding whether to resume FTA talks with US:Finance Minister Najib.
6/11 World leaders hailed Barack Obama's triumph as the dawn of a new era and called for the global superpower to change the way it does business.
6/11 Malaysia will study policies of newly-elected President Obama before deciding whether to resume FTA talks with US:Finance Minister Najib.
6/11 World leaders hailed Barack Obama's triumph as the dawn of a new era and called for the global superpower to change the way it does business.
Wednesday, November 5, 2008
KLCI closed 9.66 points up to 915.24
5/11 KLCI rose 9.66 points to 915.24. Bursa jumped 5 c to 5.75, KLK flied 30 c to 8.50, IOICorp went up 18c to 3.30.
5/11 second Finance Minister says funding RM 7 B stimulus plan will come from reduction in provision of fuel subsidy, partly from domestic bonds.
5/11 September exports rose to RM 62.41 b from RM 54.15b a year ago and from RM 59.62 b in August. Imports RM 47.77 b versus RM 42.68b a year ago, RM 47b in August.
5/11 MMC unit, Saudi binladin group and Chalco HK Ltd sign letter of intent with CPI Power plant for 2400 MW power plant for Jazan City smelter.
5/11 Dow Jones industrial average closed up 305pt or 3.28% to 9625.28 as Americans voted for a new president. Oil fell 67 c to USD 69.80.
3/11 Land premium for charitable organizations including religious bodies in Perak will be at a flat rate of RM 1000; quit rent will be RM 40 a year.
3/11 KFCH hopes to maintain 2008 sales next year despite higher raw materials, plans to launch new products.
3/11 UBS chief economist sees Bank Negara cutting overnight policy rate by 50 basis points to 3% by end-November to offset slowing growth.
3/11 US-based National Instruments to invest initial RM 280m in Bayan Lepas, Penang. Work to start next year and create 1500 jobs when completed.
3/11 Malaysians must be united and have the determination to face economic challenges, say PM Abdullah Ahmad Badawi.
1/11 A new rebate system will be introduced next year to replace the RM 625 fuel subsidy given to motorists now, Shahrir Samad said.
5/11 second Finance Minister says funding RM 7 B stimulus plan will come from reduction in provision of fuel subsidy, partly from domestic bonds.
5/11 September exports rose to RM 62.41 b from RM 54.15b a year ago and from RM 59.62 b in August. Imports RM 47.77 b versus RM 42.68b a year ago, RM 47b in August.
5/11 MMC unit, Saudi binladin group and Chalco HK Ltd sign letter of intent with CPI Power plant for 2400 MW power plant for Jazan City smelter.
5/11 Dow Jones industrial average closed up 305pt or 3.28% to 9625.28 as Americans voted for a new president. Oil fell 67 c to USD 69.80.
3/11 Land premium for charitable organizations including religious bodies in Perak will be at a flat rate of RM 1000; quit rent will be RM 40 a year.
3/11 KFCH hopes to maintain 2008 sales next year despite higher raw materials, plans to launch new products.
3/11 UBS chief economist sees Bank Negara cutting overnight policy rate by 50 basis points to 3% by end-November to offset slowing growth.
3/11 US-based National Instruments to invest initial RM 280m in Bayan Lepas, Penang. Work to start next year and create 1500 jobs when completed.
3/11 Malaysians must be united and have the determination to face economic challenges, say PM Abdullah Ahmad Badawi.
1/11 A new rebate system will be introduced next year to replace the RM 625 fuel subsidy given to motorists now, Shahrir Samad said.
Tuesday, November 4, 2008
KLCI closed 6.23 points up to 905.58
4/11 KLCI rose 6.23 to close at 905.58.
4/11 Finance Minister Najib said that GDP will grow next year by 3.5 % while inflation rate expected to be around 3 to 4 %. The government will inject 7 bil into the economy despite economic slowdown to strengthen economy and boost confidence within private sector.
4/11 DJIA closed just 5.18 points or 0.06 % down at 9,319.80 as investors stayed cautious ahead of presidential polls. Oil eased 6 c to USD $63.85.
4/11 US-based Emerging Markets Growth Fund sold 1.95m IJM Corp shares from Oct 28 to 30, reduced stake to 46.3m IJM shares or 5.4%.
3/11 CIMB said TPG Capital will invest up to US$150 mil in Bumiputra-Commerce Holdings Bhd by subscribing to bond-warrants in a private offer.
4/11 Finance Minister Najib said that GDP will grow next year by 3.5 % while inflation rate expected to be around 3 to 4 %. The government will inject 7 bil into the economy despite economic slowdown to strengthen economy and boost confidence within private sector.
4/11 DJIA closed just 5.18 points or 0.06 % down at 9,319.80 as investors stayed cautious ahead of presidential polls. Oil eased 6 c to USD $63.85.
4/11 US-based Emerging Markets Growth Fund sold 1.95m IJM Corp shares from Oct 28 to 30, reduced stake to 46.3m IJM shares or 5.4%.
3/11 CIMB said TPG Capital will invest up to US$150 mil in Bumiputra-Commerce Holdings Bhd by subscribing to bond-warrants in a private offer.
Monday, November 3, 2008
KLCI closed 35.74 points up to 899.35
3/11 KLCI closes 35.74 points up to 899.35. CPO rose RM 130 to RM 1649.00 Oil eroded 91 c to USD $66.91. DiGI jumped 90 c to RM 19.30, Tanjong went up 60 c to RM 12.40, Maybank shot up 50 c to 5.85.
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