KLCI closed 9.66 points up to 915.24

5/11 KLCI rose 9.66 points to 915.24. Bursa jumped 5 c to 5.75, KLK flied 30 c to 8.50, IOICorp went up 18c to 3.30.

5/11 second Finance Minister says funding RM 7 B stimulus plan will come from reduction in provision of fuel subsidy, partly from domestic bonds.

5/11 September exports rose to RM 62.41 b from RM 54.15b a year ago and from RM 59.62 b in August. Imports RM 47.77 b versus RM 42.68b a year ago, RM 47b in August.

5/11 MMC unit, Saudi binladin group and Chalco HK Ltd sign letter of intent with CPI Power plant for 2400 MW power plant for Jazan City smelter.

5/11 Dow Jones industrial average closed up 305pt or 3.28% to 9625.28 as Americans voted for a new president. Oil fell 67 c to USD 69.80.

3/11 Land premium for charitable organizations including religious bodies in Perak will be at a flat rate of RM 1000; quit rent will be RM 40 a year.

3/11 KFCH hopes to maintain 2008 sales next year despite higher raw materials, plans to launch new products.

3/11 UBS chief economist sees Bank Negara cutting overnight policy rate by 50 basis points to 3% by end-November to offset slowing growth.

3/11 US-based National Instruments to invest initial RM 280m in Bayan Lepas, Penang. Work to start next year and create 1500 jobs when completed.

3/11 Malaysians must be united and have the determination to face economic challenges, say PM Abdullah Ahmad Badawi.

1/11 A new rebate system will be introduced next year to replace the RM 625 fuel subsidy given to motorists now, Shahrir Samad said.

KLCI closed 35.74 points up to 899.35

3/11 KLCI closes 35.74 points up to 899.35. CPO rose RM 130 to RM 1649.00 Oil eroded 91 c to USD $66.91. DiGI jumped 90 c to RM 19.30, Tanjong went up 60 c to RM 12.40, Maybank shot up 50 c to 5.85.

KLCI closed 24.15 points up to 853.56

30/10 KLCI closed 24.15 points up to 853.56. Volume surged to 973m shares. CPO rose RM 119 to RM 1554. KLK jumped 95c to RM 8.10, IOI Corp shot up 49 c to RM 2.74.

30/10 KLCI was up 18.4 points to 847.82 noon. CPO rose RM 71 to RM 71 to RM 1,506, KLK went up 45 c to RM 7.60, IOI jumped 38c to RM 2.63, Foreign fund bought 29.33 shares last Friday. IOI said forex loss was RM 100m. Hang Seng rose 10.11% or 1283 points to 13986.

30/10 Timber-based Limahsoon extends decline, falls 4.5c to 13c with 653,000 shares done at 10.38 am. Yesterday, it plunged 32.5c to 17.5c.

30/10 CIMB Private Equity, Alam Maritim in RM 252m JV to buy, operate offshore support vessels for oil, gas industry.s

30/10 Top Glove sees sales growing 20% in FY9-FY 10 on firm demand, cost efficient, says chairman. Capex RM 80 m for FY09.

Market up again

KLCI closed 8.6 points up at 1254.03. There are 801 million shares changed hand valued at RM1.5 billion. There are 473 counters up and 251 counters down.

Counters to monitor are:

MISC + 75 sen to RM 9.00; Public bank-F + 60 sen to RM 11.00; however, Maybank was down 55 sen to RM 8.40.

Shanghai A shares fell 5.43%

Sp Setia quarter net profit RM 48.52 m vs RM 46.74 m a year ago. Revenue RM 303.65 m vs RM 255.2m. EPS 4.81 sen vs 4.65 sen. No dividend declared.

Frontken seeks SC nod for 6-month extension to Oct 11 to place out 47.5 m shares. Shares fell 2 sen to close at 51 sen.

Fitch says Maybank’s BII purchase is slightly negative near term but it brings diversification benefits in longer term to become a regional bank.

Kumpulan Darul Ehsan bought 18.8 m KPS shares or 3.9 % on March 21, upped stake to 285 m or 60%. KPS fell recently on water project concern.

Transmile is up 36 sen to RM 2.47 at 9.17 am, rose 45 sen yesterday. Bursa queried the company but it said it is unaware of the surge. It has announced a net loss of RM 279 million in FY 07.

Tanjong posts RM 554.46 m net profit for FY ended Jan 31, 2008, up from
RM 509.53m a year ago. Final dividend is 34 sen and special dividend is 14 sen.


26/3 AMMB is to roll out Islamic stockbroking ops in Malaysia by June-July, also it is eyeing Vietnam for investment banking.