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KLCI climbs to 7-day high, regional markets rally
Tenaga and Genting helped push the FBM KLCI to a seven-day high on Monday as investors were relieved that euro zone finance ministers agreed to lend Spain up to US$125bil to strengthen its struggling banks.
KLCI dips in early trade, KLK, PetChem lead decliners
Blue chips slipped in early trade on Friday on mild profit taking after three straight days of gains, with KLK and PetChem among the decliners.
Genting weighs on KLCI on profit taking
Blue chips closed lower on Friday after three straight days of gains, as investors decided to take profit in the absence of any strong measures to resolve the euro zone crisis.
Investors exit commodities, equities
Investors exited commodities and equities on Monday, due to disappointing U.S. jobs growth figures on Friday and weak Chinese manufacturing data, with the regional markets posting losses of up to nearly 3%.
Regional markets fall, ringgit lowest since October
Key regional markets fell in the morning session on Monday, with the key indices down between 1% and 3.45% while the FBM KLCI fell below 1,560 as tepid US job growth in May and euro zone worries weighed on sentiment.
DRB-Hicom can tackle issues easily
DRB-HICOM has partially consolidated Proton Holdings Bhd’s earnings in the fourth quarter of 2012 after acquiring a 50.01% stake in Proton on March 16. DRB-Hicom incurred higher net finance expenses in the fourth quarter due to loans to complete the acquisition.
KLCI higher in early trade, boost from Sime, CIMB
Blue chips made a firm start on Wednesday, boosted by gains in Sime Darby and CIMB.
PetChem posts higher profit
PETALING JAYA: Petronas Chemicals Group Bhds (PetChems) net profit for the first quarter ended March 31, 2012, grew 3.4% to RM1.02bil, compared with RM986mil in the corresponding period last year.
Petronas Chemicals records RM1.02b net profit in Q1
Petronas Chemicals Bhd posted net profit of RM1.019bil in the first quarter ended March 31, 2012, down 7.5% from the RM1.214bil a year ago.
KLCI bucks region, Tenaga, Maybank up
The FBM KLCI bucked the regional markets in the morning session on Thursday, underpinned by gains in heavyweights including Tenaga and Maybank.
