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Market News - 03 Sep 2009

Thursday, September 3, 2009

U.S. and European Market Roundup 

·  The DJIA down 29.93 points to 9,280.67 points.

·  U.S stocks fell on Wednesday as jitters about the economy prompted investors to unload some shares for a fourth-straight day even after a sharp drop in the previous session

·  European shares were closed lower for a third straight day on Wednesday, with financial stocks suffering the most, as investors took profits after a strong run in recent months.

 

Macro and Corporate New

·  Bina Darulaman has received an interim letter of acceptance for the construction of a campus for Kolej Universiti Insaniah in Kedah worth RM330 mln from the Works Ministryect.

·  Success Transformer Corp plans to list its wholly-owned unit Seremban Engineering Bhd on the Main Market of Bursa Malaysia.

·  The Employees Provident Fund has emerged as the substantial shareholder of Mah Sing Group, a property firm. 

 

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