Stock Market Books

Tuesday, May 27, 2008

KLCI closes up 0.87 points to 1274.24.

KLCI closes up 0.87 points to 1274.24. Shell rose 40 sen to RM 11.50, PetDag was up 35 sen to RM 8.50, GPlus rose 24 sen to RM 2.24. CPO was up RM 55 to RM3728.

IJM Corp fourth quarter net profit is recorded at RM116.5 m from RM 49.6m a year ago But for financial year ended at March 31, it recorded a net loss of RM 420.4 m vs net profit of RM 194.3m a year ago.

IJM Plantation fourth quarter net profit is recorded at RM 42.9 m vs RM 8.9 m a year ago. As for financial year ended March 31, the net profit is recorded at RM142m vs RM 44m. It proposed a 12 sen dividend.

Puncak says that it has not received written notice from Selangor government over Puncak takeover. If there is any takeover, it must get nod from the company and the Federal government.

At 4:24pm, Bursa Malaysia cautions investors over persistent rise in GPlus share price, warns of regulatory action to ensure fair and orderly trading. GPlus is done at 2.22 still up 22 sen. (Look like Bursa is about to take action. What kind of action? Maybe designated it?)

Bursa queires GPlus and seeks immediate response over report on removal of 7 directors, appointing 5 new ones. GPlus was up 20 sen to RM 2.20 at 11.45am.

Ramunia major shareholder Ramunia Energy sold 3m shares in married deal on May 7, cut total stake to 183.8m or 33.29%.

Singapore’s GKG Investment sold 2.5m Lion Industries shares on May 20 and ceased to be substantial shareholder.

Malaysia Productivity Corporation said that Malaysia rose from 23 to 19 in the World Competitiveness 2008 ranking by Swiss Institute. Now Malaysia is above Korea, Japan, and UK.

Genting 95%-owned subsidiary Genting Oil Kasuri signs new production sharing deal with BPMIGAS for Kasuri block in Indonesia.

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