Market News - 22 Apr 2009

U.S. and European Market Roundup 

• The DJIA up 127.83 points to 7,969.56 points.
• U.S stocks advanced the most in almost two weeks, led by financial shares after Treasury Secretary Timothy Geithner said the vast majority of the nation’s banks have enough capital.
• Over in Europe, shares ended slightly higher after choppy trade on Tuesday as strength in retailers on impressive quarterly results from Tesco outweighed the impact of shaky financial stocks.

 Macro and Corporate News 

• Malaysian automobile sales for March 2009 fell 4.8% to 44,205 units from 46,436 the same time last year, but compared to February were higher by 20.5% or 7,530 units.
• In a move to sell non-core businesses, Sime Darby has put up Hotel Equatorial Melaka for sale at an estimated RM180 mln.