Wednesday, May 23, 2007

Djone 23.5.2007

Djonne down 14.30point.

Stocks Fall After Greenspan Comments
Wednesday May 23, 6:22 pm ET
By Madlen Read, AP Business Writer
Stocks End Lower After Greenspan Remarks Spur Investors to Cash in Gains


NEW YORK (AP) -- Stocks wilted Wednesday as comments from former Federal Reserve Chairman Alan Greenspan and worries about upcoming economic data deflated a rally fed by takeover activity.
Stocks initially rose, lifting the Dow Jones industrials briefly above 13,600 for the first time, after the market got a fresh load of deal-related news that included a possible bidding battle over aluminum producer Alcan Inc. But the excitement waned after a media report that Greenspan expressed concern that China's stock market -- which has recently been hitting record highs -- could eventually see a sharp decline.


Source: http://biz.yahoo.com/ap/070523/wall_street.html?.v=46

UTUSAN

UTUSAN - 政治股。成功扭转劣势。转亏为盈。
大选快来临了。 想想看? :)

Have a look on it's result. Turn around sucessfully. And it is GLC (government-linked) counter.
Election rumor is hot in the Market now. Think think.... :)



Utusan Melayu Malaysia Q1 net profit 5.04 mln rgt vs loss 2.75 mln
23/05/2007 18:27:00
KUALA LUMPUR (XFN-ASIA) - Newspaper group Utusan Melayu (Malaysia) Bhd first
quarter to March results:

Sales - 88.0 mln rgt vs 86.36 mln
Pretax profit - 5.85 mln rgt vs loss 3.49 mln
Net profit - 5.04 mln rgt vs loss 2.75 mln
Earnings per share - 4.56 sen vs loss 2.52 sen