U.S. and European Market Roundup
· The DJIA down 34.68 points to 8,881.26 points.
· U.S stocks ended a quiet day mixed Wednesday as traders were hesitant to commit more money to the market after a weeklong surge, with the Standard & Poor’s 500 Index slipping from an eight-month high, as energy producers dropped on lower oil prices and banks slid following an increase in bad loans at Wells Fargo & Co.
· European shares closed higher for the eighth straight session on Wednesday, their longest winning streak since December 2006, as gains in pharmaceutical stocks overshadowed falls in banking stocks
Macro and Corporate New
· DiGi.COM , the country's third largest mobile operator, says its second-quarter net profit fell 21.3% to RM234.5 mln due to higher cost of its third-generation (3G) rollout.
· Thong Guan Industries’s wholly-owned subsidiary Thong Guan Plastic & Paper Industries Sdn Bhd has conditionally agreed to buy a warehouse in Kedah for RM6.2 mln.
· The international reserves of Bank Negara Malaysia rose 1.04% to RM321.7 bln as at July 15 from RM318.4 bln on June 15
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