Stock Market Books

Tuesday, November 25, 2008

Ramunia hit limit down

26/11 KLCI was down 9.46 points to 850.72 at noon. CPO rose RM 23 to RM 1543. Ramaunia erode 39 c to 91c, PPB was down 35 c to RM 8.30, MISC-F slide 35 c to RM 7.95, Ramunia-WA was down 30 c to 70c.

Why Ramunia hit limit down? This is because MISC says it has terminated sale and purchase deal with Ramunia due to unsatisfactory due diligence findings.

26/11 The Dow gained a further 36.08 points to 8,479.47 in overnight trading; Crude oil settled down USD 3.73 to USD 50.77.

26/11 Temasek holdings becomes substantial shareholder in WCT Bhd after buying 38.89m shares or 5.04% on Nov 20, according to Bursa filing.

26/11 FFM president says measures taken to cut costs include shorter working hours, longer leave periods. No retrenchment yet among 2,300 members.

25/11 AirAsia X announces KL-London RM 499 one-way fare for travel March 11 to Oct 4, 2009, 5 flights a week, online bookings begin 8 pm tonight.

25/11 IJM Corp second quarter net profit is recorded at RM 88m, down 4.5% from RM 92m a year ago. Declare 25 c dividend. IJM Plant second quarter net profit is RM 36.9m. IJM Land second quarter profit is RM 5.1m.

25/11 KLCI closed up 4.79points to 860.18. CPO rose RM 44 to RM 1,532. Cepco improved 38c to RM 2.38, BKawan increased 35c to RM 7.35, PetDag jumped 35 c to RM 7.05, KFC rose 30 c.

25/11 CIMB Bank, CIMB Islamic Bank cut BLR, base financing rate by 25 basis points to 6.5% from Dec 1 to pass on benefit of OPR cut to borrowers.

25/11 HSBC Malaysia CEO Doerner says no grounds for concern over job cuts in Malaysia. HSBC targets to grow Islamic assets by 20% in 2 years.

25/11 Overnight Dow ended 396.97 points higher, or 4.93pct to 8443.39; Nymex crude oil settled at USD 54.50, up USD 4.57.

25/11 MMC says there is no plans to take Zelan private nor inject MMC Engineering into Zelan. However, MMC says it is committed to work with Zelan.

24/11 UMW third quarter net profit is recorded at RM 152.6m vs RM 140m a year ago, boost by higher sales of Toyota vehicles despite higher income tax. It declared a 10 c dividend.

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