Stock Market Update ~ 23-06-2011

US Stock Market
Dow Jones (-0.66%), S&P 500 (-0.65%) and NASDAQ (-0.67%). Fed held its benchmark interest rate near zero percent, saying the economic recovery has been weaker than expected.

Malaysia Stock Market
FBM KLCI dropped 4.16 points to 1,563.19. Markets in a mixed. CIMB and MAYBANK might not go ahead with their separate takeover bids on RHBCAP because RHB’s shareholders, Abu Dhabi Commercial Bank, signed the sale agreement of its 25 percent stake in RHB with Abu Dhabi-based investment fund Aabar Investments for RM10.80 per share has complicated the proposed takeover.

FBM KLCI @ 23-06-2011