Stock Market Books

Friday, August 8, 2008

KLCI closed down 9.25 points to 1,120.31

8/8 KLCI closed down 9.25 points to 1,120.31. CPO eroded RM 24 to RM 2,821. Oil slipped US$1.81 to US $118.21. KLK dropped 40 sen to RM 12, DiGi slid 30 sen to RM 24.30, BCHB dropped 30 sen to RM 8.60.

8/8 Malaysian Rating Corp ups inflation forecast to 5.8% for this year from earlier 5%. Sees increasing risk of higher overnight policy rate.

Restricted offer of 101.47m Perwaja shares to Kinsteel shareholders oversubscribed by 24.5% received applications for 126.37 m shares.

US dollar surges to 5-month against euro, 17-month high vs pound as global slowdown weighs on currencies. US dollar is recorded at RM 3.295

NPC major shareholder Koh Kin Lip ups Daya Materials stake to 42.71 m or 8.68% after buying 15m Daya shares at 36 sen each on Aug 5, 2008.

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