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Saham BSKL bercelaru dan merudum memanjang. Fenomena ini dikatakan berpunca dari beberapa peristiwa yang tidak menggambarkan keharmonian, kestabilan dan ketelusan.

1. berita bank dipulas tangan - minggu ini sahaja pelbagai berita seperti MOU bank, secured takeover loans, Sarawak Government intervention memeningkan kepala pemerhati saham. Bank digabung untuk memantapkan siapa yang sebenarnya? Ini sudah lebih dari tangan - telinga pun dipulas sama. Siapa yang lemah akan ditelan. Nasib kumpulan Arab Malaysian menjadi sebutan.....
   

2. ucapan Mahathir di hari kemerdekaan - jangan lupa Ust Shamsuri masih dalam tahanan ketika ini. Saham menjunam kerana ucapan Mahathir akan menakutkan pelabur dan bayangan rusuhan kerana kehadiran polis diluar dugaan.
   

3. Hadiah Lariba yang menampakkan siapa yang betul-betul kempunan gelaran. Belum seminggu bergembira dengan anugerah, beliau terus menarik balik hak royalti kerajaan Terengganu dengan alasan Kerajaan PAS tidak boleh diharap dan pelantar berada di laut pula. Mungkin kita perlu tanya Mahathir - Kalau laut surut sampai ke pelantar, bumi siapa pula disitu - tentu Terengannu kan? Selain itu, bukankah ada banyak kilang dan kuaters Petronas di Terengganu? Kalau tiada bumi Terengganu di mana kilang ini hendak beroperasi dan dimana perkerja Petronas hendak berumah tangga? Under the sea macam Langkawi ke?
   

4. Permainan sembunyi-sembunyi kontrek Tajuddin Ali. Mula-mula dikabarkan diganti dengan JJ. Kemudian dikatakan tengah on leave. Selepas itu diceritakan JJ hanya berkerusi. Kemudian Tajuddin Ali ditawarkan balik. Sekarang Tajuddin Ali menolak pula.

Friday, September 8

Malaysia Tenaga Says Tajuddin Declines President-CEO Post

KUALA LUMPUR (Dow Jones)--Malaysia's dominant power utility company Tenaga Nasional Bhd. (P.TNN) Friday said its former Executive Chairman Ahmad Tajuddin Ali has declined to be the company's president and chief executive. No details were given.

In a brief statement to the Kuala Lumpur Stock Exchange, Tenaga said its board has confirmed the appointment of Fuad Jaafar as acting president and chief executive.

In addition to being executive chairman, Tajuddin was also Tenaga's president and chief executive until his term of office expired Aug 31. Tenaga said Tuesday that Tajuddin was offered the posts on the same terms and conditions of service as before.

Government politician Jamaludin Jarjis replaced Tajudin as Tenaga's chairman effective Sept. 1, but without executive powers.

Jamaludin's appointment spooked the market, leading to a selldown of Tenaga's shares. The shares recovered slightly Friday, to close 10 sen or 0.9% higher at 11.60 ringgit

Friday, September 8 6:25 PM SGT

Malaysian Stocks Close Marginally Lower In Weak Market

KUALA LUMPUR (Dow Jones)--Shares ended marginally lower Friday as blue chips regained early losses while select second liners continued to be sold down in a generally weak market.

The Kuala Lumpur Stock Exchange's Composite Index, which tracks 100 blue-chip stocks, shed 0.5%, or 3.83 points, to end at 739.81 points.

Volume traded was thin at 98.7 million shares, valued at 281 million ringgit ($1=MYR3.80).

Among the most active stocks was Arab-Malaysian Corp.; down 13.5% at MYR1.67 on volume of 5.8 million shares. The company owns 43% of AMMB Holdings, which is currently involved in a controversial merger deal with Utama Banking Group.

No details on final shareholding of the merged entity have yet been announced. AMMB closed 1.3% higher at MYR8.05 while UBG closed 2% lower at MYR1.92.

Maybank closed 0.7% higher at MYR14.50 after sinking to a low of MYR14.00 in late institutional buying. Public Bank lost 1.4% to close at MYR2.92 as investors took profit on yesterday's gains.

Tenaga Nasional gained 10 sen to close at MYR11.60 on 1.6 million shares, mainly driven by local institutional buying, said a dealer.

Caution is being exercised on Tenaga Nasional, the dealer noted, as former Chief Executive Officer Tajuddin Ali has yet to confirm he is reassuming his post after the expiration of 4-year term contract.

But, a local analyst said Tenaga Nasional is still trading at a discount to its fair value of MYR14.70 and has significant upside.

After a relatively quiet trading period, buying interest in selective blue chips returned late in the day, driven primarily by local institutional funds, says a dealer. Otherwise investors were generally sidelined in the absence of fresh leads.

Decliners led advancers 506 to 156, while 148 shares were unchanged and 189 untraded.

The September futures contract on the Kuala Lumpur Options and Financial Futures Exchange closed 6.50 points lower at 733.70 points.

Friday Thursday Change
Composite Index 739.81 743.64 Dn 3.83 Emas Index 184.15 185.53 Dn 1.38 Second Board Index 190.29 191.99 Dn 1.70