MALAYSIAN share prices closed marginally lower today with sentiment dampened by extended losses on Wall Street and crude oil prices rising to the US$100 per barrel mark yesterday, dealers said. At 5pm, the Kuala Lumpur Composite Index (KLCI) edged down 0.30 of a point to 1,435.38 after opening lower by 2.85 points at 1,432.83. (Bernama)
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NATIONAL carmaker Proton Holdings Bhd needs to boost sales to about 250,000 units annually in order to remain financially viable in the local market, according to consultancy firm Frost & Sullivan. The existing annual sales of around 100,000 units was “a bit challenging” for Proton to remain viable, said Frost & Sullivan’s head of automotive and transportation practice, Asia Pacific, Kavan Mukhtyar. (Bernama)
Palm oil futures in Malaysia, the global benchmark, rose to a record on increased global demand for vegetable oils for food and fuel. Palm oil for March delivery rose as much as 77 ringgit, or 2.5 percent, to 3,159 ringgit ($955) a metric ton on the Malaysia Derivatives Exchange and traded at 3,143 ringgit at 10:39 a.m. in Kuala Lumpur. The contract gained 54 percent in 2007. (Bloomberg)
Other headlines...
NATIONAL carmaker Proton Holdings Bhd needs to boost sales to about 250,000 units annually in order to remain financially viable in the local market, according to consultancy firm Frost & Sullivan. The existing annual sales of around 100,000 units was “a bit challenging” for Proton to remain viable, said Frost & Sullivan’s head of automotive and transportation practice, Asia Pacific, Kavan Mukhtyar. (Bernama)
Palm oil futures in Malaysia, the global benchmark, rose to a record on increased global demand for vegetable oils for food and fuel. Palm oil for March delivery rose as much as 77 ringgit, or 2.5 percent, to 3,159 ringgit ($955) a metric ton on the Malaysia Derivatives Exchange and traded at 3,143 ringgit at 10:39 a.m. in Kuala Lumpur. The contract gained 54 percent in 2007. (Bloomberg)
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