NST Online Business Times : latest

Posted: 26 Dec 2012 06:07 PM PST

KUALA LUMPUR: Share prices on Bursa Malaysia opened on a stronger footing, in early trade this morning, supported by window-dressing activities in selected heavyweights and index-linked counters, dealers said.

After 42 minutes of trading, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 3.21 points better at 1,674.79 compared with yesterday's close of 1,671.58.

Other regional bourses were also firmer with Japan's Nikkei 225 rising 141.25 points to 10,372.99, Hong Kong's Hang Seng surged 164.28 points to 22,705.46 and Singapore's Straits Times added 4.92 points to 3,185.73.

Meanwhile, major equity indices on Wall Street slipped between 0.2 per cent and 0.7 per cent last night.

Back on the local front, the Finance Index eased 1.14 points to 15,277.46, the Plantation Index shed 5.15 points to 8,009.56 while the Industrial Index rose 7.89 points to 2,756.63.

The FBM Emas Index was 19.051 points higher at 11,328.9, the FBMT100 increased 20.12 points to 11,192.58, the FBM Mid 70 Index jumped 15.811 points to 12,145.62 and the FBM Ace Index was up 9.43 points at 4,212.26.

Advancers led decliners 157 to 82, with 177 counters unchanged, 1,232 untraded and 30 others were suspended. Volume was thin at 123.028 million shares worth RM68.358 million.

Among actives, Tiger Synergy added half-a-sen to 33 sen, DSC Solutions was unchanged at 19 sen while GSB Group perked one sen to 9.5 sen.

Heavyweights, Maybank eased one sen to RM9.09 while CIMB and Sime Darby were both up one sen each at RM7.61 and RM9.40, respectively. -- BERNAMA

Wall Street drops in thin session

Posted: 26 Dec 2012 04:15 PM PST

NEW YORK: US stocks fell Wednesday amid uncertainty about whether a deal to avert the "fiscal cliff" could be reached by an end-of-year deadline.

The Dow Jones Industrial Average was down 24.49 points (0.19 percent) to finish the session at 13,114.59.

The broad-market S&P 500 lost 6.83 points (0.48 percent) at 1,419.83, while the tech-rich Nasdaq Composite shed 22.44 points (0.74 percent) at 2,990.16.

"Investors in the US returned to business in the midst of the omnipresent tick-tick-ticking of the fiscal cliff clock," said analysts with Charles Schwab & Co.

The White House and Congress have until the end of the month to reach a compromise on how to avert a year-end crisis that could lead to stiff tax hikes and drastic budget cuts.

Experts say a dive over the so-called "fiscal cliff" could drive the world's biggest economy back into recession.

Obama was to head back to the capital late Wednesday from a shortened family Christmas break in Hawaii, and lawmakers are also expected back in Washington on Thursday.

Stocks in focus during the midweek session included those of online video giant Netflix, which gained 0.47 percent in the wake of an outage of its online film streaming service on Christmas Eve. On Wednesday, Netflix blamed Amazon for the incident, which rents out computing power in datacenters in the Internet "cloud." Amazon dropped 3.86 percent.

US commodities and derivatives market InterContinentalExchange (ICE) and its transatlantic peer NYSE Euronext were down 0.03 percent and up 0.09 percent respectively, after at least one shareholder complaint was filed to contest their planned fusion, announced last week.

Shares of BlackBerry maker Research In Motion meanwhile soared 11.5 percent, recovering after a plunge on Friday on investor fears that its new smartphone platform will thin the ranks paying for its service.

Tech heavyweight Apple meanwhile lost 1.4 percent. -- AFP

Kredit: www.nst.com.my

Rabu, 26 Disember 2012

NST Online Business Times : latest

NST Online Business Times : latest

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