Market News - 29 June 2009

U.S. and European Market Roundup

• The DJIA down 34.01 points to 8,438.39 points.
• U.S stocks capped a choppy week of trading with a mixed finish Friday after the Commerce Department reported that personal spending, incomes and savings all rose in May.
• European shares reversed gains and turned negative in early afternoon trade on Friday as U.S stock futures retreated after a brief rise as U.S personal income increased more than expected.

Macro and Corporate New

• Kumpulan Perangsang Selangor’s (KPS) 30%-owned Syarikat Pengeluar Air Sungai Selangor Sdn Bhd (SPLASH) has received a revised offer totaling RM2.97 bln from the Selangor Government for its water assets and operations.
• Perisai Petroleum Teknologi will build several mobile offshore production and storage units (MOPSU), costing some RM248 mln each for the development of small and marginal fields.