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Stocks ended flat on Friday as many traders took the day off, and those who were at work sifted through the first few quarterly earnings scorecards for fresh clues to corporate America's health while looking ahead to next week's full flood of company reports.
THE powerful gains on the KLSE in recent days, coupled with a surge in oil, gas and water stocks, have lured back packs of retailers to the trading floor. DANNY YAP and HONG BOON HOW yesterday visited some brokerages and found many happy punters there.
SHARES of KLSE second board company Autoindustries Ventures Bhd (Autoven) soared yesterday to their highest level since May 2000 amid speculation that the auto parts maker could be a takeover target of Jawala Corp Sdn Bhd, a private company controlled by low-profile Sabah palm oil trader Tan Sri Majid Khan.
B>HOUSTON: /B>Three former Merrill Lynch executives have been charged with conspiracy for allegedly helping energy trader Enron Corp inflate earnings with a loan disguised as a sale of Nigerian barges.
THE SMI Association of Malaysia has described Budget 2004 as an #147;enterprising reformative budget.#148;