Stock Market Books

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.

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