Stock Market Books

Friday, April 25, 2008

KLCI Closed 5 points lower on Friday

KLCI closed 5 points down at 1288.08, dragged by many blue chips. IOICorp was down by 20 sen to RM 7.45, KLK also down 20 sen to RM16.80, Bursa down 15 sen to RM 8.80. However, AMMB is up 18 sen to RM 3.74.

Bank Negara Malaysia Governor says interest rates is not the answer to curbing high food prices as it is structural, instead it is better to raise food supply.

Khazanah Nasional buys 3.8m BCHB shares from April 15-17, ups stake to 22.65% or 763.5m shares.

UAE investment fund Al Yousuf LLC owns 15%of Mesdaq-listed EtiTech after buying 34m shares on April 18 and 21.

Chin Teck second quarter earning up 215% to RM 20m from RM6.37 a year ago, boost from high CPO prices. Revenue is up 100% to RM 33.28m.

EPS 21.96sen vs 6.97sen

Peremba Panorama launches takeover of Saujana Consolidated, offers to acquire 32.13 m shares or 29.19% for RM 32.13m or RM 1 each.

Carlsberg first quarter earnings rose 150% to RM 26.5m due to higher domestic sales, especially during Chinese New Year, revenue up 14,4% to RM 290m.

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