Market News - 15 May 2009

U.S. and European Market Roundup 

• The DJIA up 46.43 points to 8,331.32 points.
• U.S stocks advanced, snapping a three-day losing streak for the S&P’s 500 Index as traders bought beaten-down financial and technology stocks on bets the recent rally could have more room to grow after a brief pullback.
• Over in Europe, stocks climbed for the first time in four days as gains for several banking heavyweights more than offset energy stocks dropping on weaker crude prices.

 

 

Macro and Corporate New

• Bumiputra-Commerce Holdings (BCHB) group’s revenue for the 1QFY09 rose to RM2.51 bln from RM2.02 bln and net profit grew by 14.8% to RM614 mln, or EPS of 17.2 sen.