NST Online Business Times : latest
NST Online Business Times : latest |
| KL shares lower in early trading Posted: 15 Jan 2013 06:22 PM PST Share prices on Bursa Malaysia were traded lower in the early session Wednesday, dragged down by profit-taking in heavyweights, dealers said. As at 9.22 am, The FTSE Bursa Malaysia KLCI (FBM KLCI) lost 6.21 points to 1,679.68 after opening 0.63 of a point higher at 1,686.52. Elsewhere in regional markets, the US stocks were higher on upbeat retail data but in Japan shares fell on profit-takiing. The Finance Index lost 40.62 points to 15,398.08 and the Industrial Index eased 15.17 points to 2,789.87.
The FBM Emas Index slipped 32.29 points to 11,426.19, FBMT100 declined 30.8 points to 11,273.65 and the FBM Mid 70 Index, however, rose 15.75 points to 12,455. The FBM Ace Index tumbled 3.76 points to 4,259.61. Losers upstaged gainers by 110 and 106, while 186 counters were unchanged, 1,247 untraded and 23 others suspended. Volume was at 213.8 million shares worth RM68.3 million. Actives, Patimas Computers eased one sen to 17 sen, Krisassets Holdings added 16.5 sen to 22.5 sen, Alam Maritim Resources rose 3.5 sen to 89 sen and Asian Pac Holdings earned half a sen to 11 sen. Maybank fell three sen to RM9.01, Sime Darby shed 13 sen to RM9.46, CIMB Group eased seven sen to RM7.60 and Axiata Group lost three sen to RM6.65.--Bernama |
| Posted: 15 Jan 2013 03:09 PM PST NEW YORK: The Dow and S&P 500 edged higher on Tuesday after stronger-than-expected retail data, though tech heavyweight Apple dragged on the market for a third day. Apple was the biggest weight on both the S&P 500 and Nasdaq 100 after reports on Monday of cuts to orders for iPhone parts. Shares declined 3.2 percent to US$485.92 and closed below US$500 for the first time since February. Retail stocks advanced after a government report showing retail sales rose more than expected in December was seen as a favorable sign for fourth-quarter growth. A separate report showed manufacturing activity in New York state contracted for the sixth month in a row in January. "A little better-than-expected news on retail sales once again reinforces that the consumer remains alive and reasonably well," said Mark Luschini, chief investment strategist at Janney Montgomery Scott in Philadelphia, which manages about US$54 billion in assets.
The Dow Jones industrial average was up 27.57 points, or 0.20 percent, at 13,534.89. The Standard & Poor's 500 Index was up 1.66 points, or 0.11 percent, at 1,472.34. The Nasdaq Composite Index was down 6.72 points, or 0.22 percent, at 3,110.78. Apple's stock has lost about 7 percent in the last three sessions and is down 8.7 percent since the start of the year. "It's tough to discern exactly what's putting the pressure on it. But at the end of the day, its influence, considering it's still 3 1/2 to 4 percent of the S&P 500 index, is being felt," Luschini said. "I attribute (it) to just some of the bloom coming off of the rose. They haven't necessarily done anything wrong, as much as others have caught up." -- Reuters |
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