NST Online Business Times : latest
NST Online Business Times : latest |
| Short-term rates to remain stable Posted: 11 Apr 2013 07:08 PM PDT Short-term interbank rates are expected to remain stable Friday as Bank Negara Malaysia intervenes to absorb excess liquidity from the financial system. The central bank estimated today's liquidity at RM21.686 billion in the conventional system and RM7.536 billion in Islamic funds. Bank Negara will call for one RM500 million repo tender for 61 days as well as four Al-Wadiah tenders -- RM700 million for seven days, RM400 million for 14 days, RM600 million for 21 days and RM200 million for 28 days. The central bank will also conduct two RM1.5 billion conventional tenders for seven days and 28 days, respectively, and two RM1 billion conventional tenders for 14 days and 21 days, respectively. |
| KL shares extend gains to open firmer Posted: 11 Apr 2013 06:44 PM PDT Bursa Malaysia opened firmer in early trading Friday, extending yesterday's gains on buying interest for blue chips and selected heavyweights, dealers said. At 9.02am, the FTSE Bursa Malaysia KLCI (FBM KLCI) was quoted at 1,712.93, up 5.89 points from yesterday's close at 1,707.04 after opening 1.48 points better at 1,708.52. HwangDBS Vickers Research said the benchmark FBM KLCI, which had crossed above the 1,700-level psychological mark, could extend its rally to move towards the next technical resistance barrier of 1,720 points. "Essentially, our local bourse will likely rise further on account of the ongoing liquidity-driven buying.
On the corporate front, HwangDBS said investors may be keeping their eyes on three stocks, namely Malaysia Airlines (MAS), MISC Bhd and MBf Holdings Bhd. On the score board, the Finance Index surged 25.61 points to 15,972.52, Plantation Index rose 29.23 points to 8,202.49 and the Industrial Index garnered 26.42 points to 2,936.44. The FBM Emas Index perked 38.82 points to 11,727.78, the FBMT100 gained 34.61 points to 11,548.85, the FBM Mid 70 Index added 17.79 points to 13,008.57 and the FBM Ace Index was 4.61 points
Turnover stood at 51.719 million shares worth RM27.205 million. Gainers outpaced losers 81 to 37, with 80 counters unchanged, 1,421 counters untraded and 21 others were suspended. Among actives, Patimas Computers and MAS shed half-a-sen each to 3.5 sen and 77.5 sen, respectively, while Mulpha International added two sen to 41.5 sen. Heavyweights, CIMB Group and Petronas Chemicals earned one sen each to RM7.79 and RM6.45, respectively, Axiata Group rose three sen to RM6.78, and Sime Darby rose 10 sen to RM9.49. However, Maybank shed two sen to RM9.61.-- Bernama |
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