Market News - 13 May 2009

U.S. and European Market Roundup 

• The DJIA up 50.34 points to 8,469.11points.
• U.S stocks ended mixed but well off their lows Tuesday as early concerns about a barrage of stock offerings eased and rising oil prices lifted energy stocks.
• European equities closed lower in choppy trade with weaker financial and mining stocks outweighing positive drugmakers and energy share. 
  
    

Macro and Corporate New

• Scomi Marine’s net profit rose 6.21% to RM11.12 mln for the first quarter ended March 31 compared with the previous corresponding period. 
•  EON Capital's (EONCap) net profit for the 1Q09 ended March 31 rose 4.25% to RM79.56 mln from RM76.32 mln, underpinned by lower allowances for loans and advances.
• KLCC Property's (KLCCP) net profit for its 4Q ended March 31 rose 37% to RM362.53 mln on the back of a higher surplus from fair value adjustment of its investment properties.