Stock Market Books

Tuesday, July 8, 2008

KLCI closed 6.01 points down

KLCI closes near its day’s low 1121.25, down 6.01 points. Gamuda rose 3 sen to RM 2.50 but KLK eroded 90 sen to RM 15.40, Utd Plantation slid 60 sen to RM 12.20, Asiatic slipped 50 sen to RM 7.05.

Tenaga files RM 11.47m claim from MTD ACPI Engineering over alleged damage to underground cable at Taman Len Seng, KL. MTD denies liability.

Gamuda says it is unaware of plans by substantial shareholders, with the help from Middle Eastern funds, to take the company private.

KLCC property sees earnings resilient as properties in niche area of KL. Demand for office space will be strong, now it is 99% occupancy.

Jaring Metal Industries chairman Ng Lam San @Ng Kok Kar ups Foremost Holdings stake to 15.26% or 8.02m shares.

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