Stock Market Books

Wednesday, June 18, 2008

KLCI dropped 15.17

KLCI closes 15.17 points down at 1212.59. Tanjong slipped 80 sen to RM 14.60, BCHB dropped 30 sen to RM 8.50, Genting slid 25 sen to RM 5.30. CPO rose RM 20 to RM 3665.

Vehicle sales in May 47,931 units, up 25% on-year but 4.7% lower than April , says auto body. Expects fuel price hike to impact June sales.

AirAsia says it won’t raise fuel surcharge, instead will expand ancillary income from food, beverage, merchandise.

KLCI falls 17.86 points to 1,209.9 at 3.18pm. Sabah Progressive Party says to table motion of no-confidence against PM in Parliament on Monday.

This is trying time in politics. What will the PM do from now until Monday? Would the PM do something to make sure his parliamentarians would not support this motion?

Transmile shareholders approve company’s plans to offer new shares to settle debts. Share fell 18 sen to RM 1.36 at 12.30 pm in weak market.

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