Stock Market Books

Monday, March 31, 2008

KLCI closed down by 11.83 on the last day of March

KLCI closes 11.83 points lower at 1246.58 . KLK down 30 sen to RM 16.20
Hang Seng index dropped 3%, shanghai A also down by 3 %. Nikkei 225 also dropped by 2.3%.

Barron’s says commodity prices may fall by half as value of corn, wheat, copper overshoot on speculation. CPO fell RM 148 to RM3402 at 4pm.

MAS places order for 35 Boeing B 737-800 aircraft, option for 30 more, at total cost of US$4.2 bil(RM13.4bil).

Kub sells Kub.Com building in KL to Park Residence Development for RM 86.5 m. Kub bought it in 1999 for RM62.3 M.

Multi-Code lodges police report over certain transaction of bank accounts without supporting documents by ex-MD, certain ex-directors.

Proton is recalling all 34,000 Savvy cars for free inspection over possible problem with rear-wheel bearing,

Fish rearer Xian Leng FY Jan 31 net profit at RM 1.7m, down 75% from RM 7 m a year ago. Quarter 4 loss RM 701,000 from RM 2.28 m profit a year ago.

Bursa Securities allows OCI appeal against delisting. OCI has until April 30 to submit regularization plan.

Kookmin Bank says to sell 25 % stake in Singapore’s Sorak to Maybank for US$378m(RM1.2 b). Sorak own 56% of Bank International Indonesia.

There is no plan to raise the price of rice in view of surging prices of commodities, says DPM. He said that the government is monitoring and stepping up efforts to increase supply.

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