NST Online Business Times : latest

Posted: 06 Jan 2013 06:16 PM PST

Short-term rates are expected to remain stable Monday as Bank Negara Malaysia intervenes to absorb excess liquidity from the financial system, dealers said.

The central bank estimated today's surplus at RM30.069 billion in the conventional system and RM8.233 billion in Islamic funds.

It will conduct four conventional tenders of RM1.5 billion for seven days, RM1 billion for 14 days, RM2 billion for 22 days and RM1.5 billion for 31 days.

It will conduct a RM500 milliom repo tender for 59 days and a RM200 million Commodity Murabahah Programme tender for 31 days.

The central bank will also offer Al-Wadiah tenders of RM500 million for seven days, as well as, RM1 billion each for 14 days and 22 days, respectively.

At 4 pm, Bank Negara will conduct a conventional overnight tender for up to RM23.7 billion and a RM5.7 billion Al-Wadiah overnight tender. -- Bernama

KL shares open mixed in early trade

Posted: 06 Jan 2013 06:15 PM PST

Share prices on Bursa Malaysia opened mixed, in early trade, as demand was yet to pick up, dealers said.

After 30 minutes of trading, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.62 of a point to 1,691.96, after opening 0.39 of a point better at 1,692.97.

HwangDBS Vickers Research said the key FBM KLCI could challenge and may overcome the psychological resistance barrier of 1,700 points later today.

"From a technical perspective, a decisive breakout from this point may subsequently propel the benchmark index to challenge its next resistance hurdle of 1,715," it said in a note.

Meanwhile, major US equity indices ended between flat and 0.5% higher last Friday amid increasing optimism from investors that the world's largest economy is firmly on the recovery track.

On the local front, stocks that could attract buying interest were DiGi.com, following a business news report that the company may be among the pioneer issuers of business trusts to be listed in Malaysia.

Others include DRB-Hicom and Warisan TC, as the same business weekly said both companies were separately looking to bring in commercial truck models from India and TH Heavy Engineering, which is reportedly preparing to bid for a risk service contract from Petronas.

On the scoreboard, the Finance Index rose 9.52 points to 15,350.88, the Industrial Index improved 0.93 of a point to 2,815.27 and the Plantation Index added 7.16 points to 8,262.35.

The FBM Emas Index gained 6.33 points to 11,492.23, the FBMT100 increased 3.55 points to 11,344.20, the FBM Mid 70 Index rose 39.27 points to 12,478.87 and the FBM Ace Index was 6.14 points higher at 4,265.91.

Gainers led losers 200 to 90 with 182 counters unchanged, 1,157
untraded and 30 others were suspended. Volume was thin at 146.52 million shares worth RM78.69 million.

Among actives, Permaju Industries earned two sen to 51 sen, Nextnation Communication was flat at 11.5 sen and Sino Hua-An International rose one sen to 16 sen.

Heavyweights, Maybank was unchanged at RM9.06 while Sime Darby lost three sen to RM9.68 and Axiata eased five sen to RM6.69. -- Bernama

Kredit: www.nst.com.my

Ahad, 6 Januari 2013

NST Online Business Times : latest

NST Online Business Times : latest

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