Market News - 16 June 2009

U.S. and European Market Roundup

• The DJIA down 187.13 points to 8,612.13 points.
• U.S stocks tumbled, marking their worst slide in a month on Monday after regional manufacturing data dented optimism about the economy's health and resource shares fell alongside commodity prices.
• Elsewhere, European shares closed lower with financials the main drag as the European Central Bank (ECB) said euro zone banks may face further writedowns, while commodity stocks fell as crude and metal prices retreated. Bank stocks weighed heavily on the index.

Macro and Corporate New

• Scomi Engineering said it will bid for the first phase of the RM21.2 bln monorail project in Brazil next month.
• Berjaya Sports Toto (BToto) has declared a 11.0 sen fourth interim dividend for the year ended April 30, bringing a grand total of 29 sen for the FY09 or some 77.1% of its attributed profit to shareholders.