Stock Market Books

Friday, August 22, 2008

Market rebound

22/8 KLCI closed up 14.71 points to 1085.60. CPO increased RM 60 to RM 2,713. Oil is recorded at $120.7, Ringgit 3.3415 to US$1. KLK jumped 50 sen to RM 12.20, IOI Corp increased 31 sen to RM 5.15.

22/8 July inflation rate surged 8.5% on year, fastest in more than 26 years, due to higher food, fuel and electricity costs.

22/8 US-based Level Global Oversea Master Fund sold 15m Johstreet shares in the open market on Aug 15, 2008, ceased to be substantial shareholder.

21/8 PLUS toll revenue up 29.6% to RM 738m in second quarter ended June 30, includes RM 180m toll compensation. But second quarter net profit fell 14 % to RM 266m.

21/8 KLCI closed down 1.78 point to 1071.43. CPO increased RM 57 to RM 2,648. Seacera dropped 27 sen to 28 sen, Edaran slid 26 sen to 53.5 sen, DiGi dropped 20 sen to RM 23.60, MAS slipped 16 sen to RM 3.38.

21/8 SC now allows up to 70 % foreign shareholding in REIT management companies from 49% since 2005, more flexibility to manage portfolio mix.

21/8 Panasonic Malaysia will boost R&D, quality control for manufacture of small household appliances.

22/8 RM 1.75 bil Kajang-Saremban Highway to be open from 6am tomorrow, free use until Oct 4, toll rate will be announced after Cabinet approval.

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