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THE last trading day of 2002 saw the KLSE Composite Index (CI) closing not with a bang, but with a whimper. The much anticipated last minute window-dressing activities failed to make an impact. Instead heavyweight Maybank #150; a key component stock of the CI #150; lost 45 sen, dragging the market down.
I>Finance Asia /I>magazine has singled out four Malaysian companies and a global Malaysian bond issue for the best awards in various categories for 2002.
THE KLSE got off to a rocky start in the first trading day of the year as window-dressing activities that had lent support to the market in recent weeks apparently disappeared. The Composite Index (CI ) skidded nearly 14 points or 2.15% to 632.4 yesterday, as investors sold down their holdings, on heightened fears of war between the US and Iraq.
PETROLIAM Nasional Bhd (Petronas) and its Vietnamese counterpart, Petrovietnam, signed yesterday a contract to jointly explore and develop hydrocarbon resources in two exploration blocks offshore Vietnam.
DANISH paint maker Hempel group, through its local arm Hempel Coatings (M) Sdn Bhd, is investing RM22.4mil in a new marine coating plant in Kluang, Johor.
Stock Market Signals: A weekly column by G.M. Teoh on the performance of the KLSE's Main Board.
MMC Engineering Bhd#146;s subsidiary, MMC Metal Industries Sdn Bhd (MMI), which manufactures freight wagons for KTM Bhd (KTMB), plans to produce locally-made coaches for the local railway.