NST Online Business Times : latest
NST Online Business Times : latest |
| KL shares turned red at mid-morning Posted: 09 Jan 2013 06:01 PM PST Share prices on Bursa Malaysia turned red at mid-morning today, weighed down by losses in selected bluechips, dealers said. As at 11.10 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) lost 1.27 points or 0.07 per cent to 1,688.66. On the local front, the Finance Index advanced 9.18 points to 15,383.33, the Plantation Index increased 14.86 points to 8,220.04 while the Industrial Index lost 5.07 points to 2,797.32. The FBM Emas Index fell 5.03 points to 11,479.59, the FBMT100 declined 6.08 points to 11,325.89, while the FBM Mid 70 Index was 4.71 points better at 12,476.07 and the FBM Ace Index rose 12.36 points to 4,247.24. Among actives, Flonic Hi-Tec Warrant gained half-a-sen to 6.5 sen, ETI Tech lost 1.5 sen to 6.5 sen and DSC Solutions was flat at 16.5 sen. Of the heavyweights, Maybank edged up one sen to RM9.05, while Sime Darby lost six sen to RM9.54 but CIMN was flat at RM7.64. -- Bernama |
| US stocks advance amid earnings caution Posted: 09 Jan 2013 03:12 PM PST NEW YORK: US stocks reversed two days of losses to close higher Wednesday amid caution as investors await fourth-quarter earnings results. At the close of trade, the Dow Jones Industrial Average was up 61.66 points (0.46 per cent) at 13,390.51. The broad-based S&P 500 rose 3.87 (0.27 per cent) to 1,461.02, while the tech-heavy Nasdaq Composite jumped 14.00 (0.45 per cent) to 3,105.81. Alcoa, the first blue-chip company to release fourth-quarter financial results after trade closed Tuesday, slipped 0.2 per cent after earnings for the quarter came in as expected.
Shares have also risen sharply since late November on speculation that American could merge with US Airways. Aircraft producer Boeing rebounded 3.6 per cent after Tuesday's fall on news of more problems with its 787 Dreamliner aircraft. The company insisted that the new problems, including an electrical fire in one plane and a fuel leak in another, were unrelated to problems reported elsewhere. DISH Network's unexpected rival bid for Clearwire, topping Sprint Nextel's offer by 11 per cent, drove heavy trade in the shares of all three. Clearwire gained 7.2 per cent and DISH 2.5 per cent, while Sprint, whose takeover by Japan's Softbank is closely tied to its successful bid for Clearwire, lost 1.5 per cent. Nutrition and weight-management company Herbalife jumped 7.5 per cent after hedge fund Third Point took an 8.24 per cent stake in the company. -- AFP |
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