Stock Market Books

Friday, March 28, 2008

KLCI going up again

KLCI closes 4.38 points up at 1258.4, boosted by Sime +20sen to RM 9.45; MISC + 40 sen to RM 9.40; Maybank +15 sen to RM8.55. All Asian markets also went up higher.

Transmile MD Wong Yoke Ming resigns today and the director Liu Tai Shin takes over as new MD. The company share price dropped 7 sen to RM 2.33.

Bank Rakyat’s personal financing pawnbroking assets to be sold or transferred to Cagamas in returns for more financing under news Islamic deal.

PA Resources MD Chong Sze San buy 1.84% or 2.23 m more PA shares for RM 2 mil or 89.6 sen each, up stake to 27.75% or 33.7 m shares.

New substantial shareholder for Supercomal with Kong Kok Keong, who bought 21.32 m shares or 8.77 % from open market on March 21.

Malaysia’s economy will grow at a slower pace at 5.8% from 6.3% last year, says UN survey report. Main drag is weaker E&E demand from US.

Ewein Bhd debuts at RM 0.80, up 10 sen against its IPO price of RM 0.70.

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