Stock Market Books

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.

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