Stock Market Books

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.

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