Stock Market Books

Thursday, March 13, 2008

KLCI tumbled

KLCI tumbled 31.24 points (-2.5%) to close at 1201.35 in line with sharp decliners elsewhere;Hang Seng down 4.8 %,Nikkei 225 fell 3.3%

KLCI falls 26 pts or 2.1% to 1206.50 midday; Tenaga -35c to RM6.85;Bursa -35c to RM 8.95. Singapore -2.48% Nikkei 225 -2.84%

Kencana Petroleum’s 46 million shares or 5.09% stake done off-market at RM 61.18 million or RM 1.33 a piece. At 3.30pm, share price dropped 4 sen to RM 1.38.

Dayang to issue 85.57 m new shares under IPO, pf which 17.6 m for public. Dayang order book at RM 627m, also tendered for RM 595 m contract.

Ringgit strengthens to RM 3.1617 against a weak US$ as it trades at lowest since 1995 to the yen at 100.59.

Mayland Parkview ups L&G stake to 91 shares or 15.22% after buying 2.15 m L&G shares from March 3-10.

CIMB Group in talks to acquire a strategic stake in China’s Bank of Yingkou, which has total assets of RM3.23 b.

Our market down is it more because of US factor or regional factors or because of our local politics?

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