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Business 09 Jun 2004 | 12:00 AM

TNB sells remaining shares in YTL Power for RM42.6mil

TENAGA Nasional Bhd (TNB) has sold its remaining 11.9 million shares in YTL Power International Bhd for a total of RM42.6mil.

Business 09 Jun 2004 | 12:00 AM

KLCity Unit Trust sees RM30mil sales from new fund

KLCity Unit Trust Bhd (KLCUT) is confident sales from its latest equity growth unit trust scheme, KLCity SmallCap Fund, would reach RM30mil during the initial offer period ending June 28.

Business 29 May 2004 | 12:00 AM

Asian stock markets end the week broadly higher

EASING oil prices, better economic data, and Wall Street's overnight gains provided the lift for Asian stock markets to end the week broadly higher yesterday. The exception was Bursa Malaysia whose benchmark KL Composite Index (KLCI) fell 0.41% on profit-taking after four straight days of gains.

Business 26 May 2004 | 12:00 AM

MISC up only 10 sen despite good results

Shares of Malaysia International Shipping Corp Bhd (MISC) rose by only 10 sen to RM11.90 yesterday on thin volume of 156,900 shares despite the company's announcement on Monday of a set of sterling financial results.

Business 25 May 2004 | 12:00 AM

Speculation pushes up MPlant price

SHARES of Malaysian Plantations Bhd (MPlant) and its warrants jumped on heavy volume yesterday due to a surge in speculative interest. MPlant's share price rose 15 sen or nearly 7% to a four-year high of RM2.30 on volume of 19.9 million shares while its warrants leapt 12 sen or 10.2% to RM1.30 on 16.5 million shares traded.

Business 20 May 2004 | 12:00 AM

KL market gains further ground on bargain hunting

THE local market recovered further yesterday, with the benchmark Kuala Lumpur Composite Index (KLCI) rising 10.6 points or 1.3% to 794 on continued bargain-hunting support.

Business 07 May 2004 | 12:00 AM

Big buyers clamouring for lower price on massive Google IPO

Powerful institutional investors are clamouring to get their usual wholesale price on the blockbuster Google IPO, as the Internet giant's choice to place shares via an unusual Dutch auction threatens their payday.

Business 01 May 2004 | 12:00 AM

Market loses further ground ahead of extended break

THE local stock market fell for the fifth day in a row yesterday as investors took profit ahead of the four-day, holiday-extended weekend amid continued uncertainty over the market's direction in the near term.

Business 30 Apr 2004 | 12:00 AM

Markets down on investor jitters

Stock markets across Asia came under heavy selling pressure yesterday amid growing investor concerns over the global economic picture and security threats.

Business 26 Apr 2004 | 12:00 AM

More value than meets the eye in Kluang

THERE has been some interest in the three inter-linked companies - Kluang, Kuchai and Sungei Bagan.