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BARGAIN hunting in selected heavyweight blue chips in the last five trading minutes yesterday, the last trading day of the lunar Year of the Horse, helped lift the KLSE Composite Index (CI) off its day low of 658 points. It closed at 665, still 0.67 of a point lower than Wednesday's finish.
US regulators have narrowly approved sweeping new rules that will allow television conglomerates to buy more stations, despite fears that diversity and consumer choice will be eroded.
The rate at which call centre jobs will flow out of rich countries will not be as alarming in coming years as feared, independent market analyst Datamonitor said yesterday.
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.
Stocks were mixed in quiet trading Monday, with blue chip and tech shares rising only modestly despite lower oil prices and several mergers and acquisitions, including Wm. Wrigley Jr. Co.'s $1.5 billion bid for several candy brands from Kraft Foods Inc.