Stock Market Books

Monday, June 2, 2008

KLCI closes 13.61 points down at 1262.49

KLCI closes 13.61 points down at 1262.49. DIGI dropped 1.60 to RM 24.90, MPI was down 55 sens to 7.30, KLK slipped 40 sen to 17.30, Parkson slid 30sen to 5.80. CPO rose RM15 to RM 3514.

The government abolishes the ceiling price for cement in local market. Therefore, the importers need to pay 10% of import duty. Cement counters will be the focus of market attention tomorrow.

Harris Associates up Media Prima stake to 46.57m shares after buying 4.79m shares from May 23 to 28.

RHB Capital is looking to expand the banking operations regionally including Vietnam and Indonesia, says the Group MD.

Malaysia Steelworks (KL) Ltd (Masteel) is to appeal against Federal Court’s decision that allowed Mukand’s claim of US$206,639(RM 656,532).

Bursa Securities rejects the Golden Plus request for more time to submit first quarter results. Shares was suspended from trading in the morning. In the afternoon, when it resumed trading, it opened at 2.15. At closing, it dropped 10 sen to 2.12. It sees the emergence of a new substantial shareholder, Lai Su-Chen with 7.42 m shares or 5.06% as at May 27.

BSA defaults on interest payments due last Friday on loans, debt notes totaling RM 145m. It says that it is affected by the rise in raw materials.

26/5 Natural rubber futures in Tokyo went up 3.6% to US$3309 per ton at highest since April 1980 as China may buy more. CPO rose RM 37 to RM 3691.

26/5 Octagon CEO Mazlan Ali buys 7m shares in May 21, ups stake to 22.42m shares or 13.45%. Premium Vector sold 4m shares, cutting the stake to 8.36%.

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