NST Online Business Times : latest
NST Online Business Times : latest |
| KL shares rebound in early trade Posted: 28 Aug 2012 06:44 PM PDT KUALA LUMPUR: At 9.30 am today, there were 165 gainers, 114 losers and 190 counters traded unchanged on the Bursa Malaysia. The FBM-KLCI was at 1,648.30 up 1.19 points, the FBMACE was at Turnover was at 144.620 million shares valued at RM57.679 million. |
| US stocks mixed ahead of Bernanke speech Posted: 28 Aug 2012 04:38 PM PDT NEW YORK: US stocks finished mixed Tuesday after economic data gave no clear direction on the economy, and as investors awaited a key speech by Federal Reserve chief Ben Bernanke on Friday. The Dow Jones Industrial Average dropped 21.68 points (0.17 percent) to 13,102.99. The broad-based S&P 500 slipped 1.14 (0.08 percent) to 1,409.30, while the tech-rich Nasdaq rose 3.95 (0.13 percent) to 3,077.14. Wall Street stocks swung into and out of positive territory in thin trade. Hopes are that Fed chief Bernanke will provide more information about the direction of monetary policy and stimulus measures at the annual gathering. The Conference Board reported its consumer confidence index dropped to a nine-month low of 60.6 for August, down from 65.9 in July. The report showed consumers grew less confident about business and job prospects in the coming months. Before the opening bell, the S&P Case-Shiller Home Price Index of 20 cities showed prices rose for the fifth straight month in June, by 1.0 percent. "Shaky consumer confidence is a worry, despite rising home values," said Jennifer Lee at BMO Capital Markets. Shares in PVH Corp. rose 4.8 percent after the parent of Tommy Hilfiger and Calvin Klein reported second-quarter earnings and full-year guidance that topped expectations. Colorado miner Molycorp powered 12.9 percent higher after saying it was starting new heavy rare-earth concentrate facilities in California. Lexmark International soared 13.7 percent. The printing and imaging product manufacturer announced it was exiting inkjet printers in a restructuring that will cut 1,700 jobs. Apple barely retreated from Monday's record high, edging down 0.1 percent. -- AFP |
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