NST Online Business Times : latest
NST Online Business Times : latest |
| KL shares opens weaker on mild profit taking Posted: 24 Apr 2013 06:44 PM PDT [unable to retrieve full-text content]Bursa Malaysia opened lower this morning on mild profit taking after its recent gains, dealers said. At 9.05am, the FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,702.09 points, down 5.26 points, from yesterday's close of 1,707.35 points. The key index opened 4.68 points weaker at 1,702.67 points. HwangDBS Vickers said in a research note that after posting a gain of seven points yesterday, the key FBM KLCI could gyrate sideways today. "On the chart, the benchmark index may be locked inside a narrow trading range as it continues to tread above the psychological support level of 1,700," it said. Meanwhile, major US equity bellwethers ended between flat and marginally weaker last night in spite of better corporate results announcements. On the scoreboard, the Finance Index dropped 84.801 points to 15,917.14, the Industrial Index was down 13.02 points to 2,828.49 while the Plantation Index eased 27.43 points to 8,125.72. The FBM Emas Index declined 28.569 points to 11,622.24 and the FBM Mid 70 Index eased 0.58 of a point to 12,835.15. The FBMT100 Index fell 28.03 points to 11,458.62 but the FBM Ace Index added 8.45 points to 3,979.87. Turnover amounted to 15.178 million shares worth RM24.378 million. Gainers led losers 63 to 52 with 63 counters unchanged, 1,433 counters untraded and 30 others were suspended. Among actives, AE Multi Holdings added two sen to 24.5 sen, Solution Engineering earned half-a-sen to 23 sen and MISC erased 15 sen to RM4.37. Heavyweights, Maybank rose 10 sen to RM9.51, Axiata fell two sen to RM6.72 and CIMB added three sen to RM7.76.-- Bernama |
| Dow falls on P&G, AT&T earnings Posted: 24 Apr 2013 04:39 PM PDT NEW YORK: Sharp earnings-related falls in AT&T and Procter & Gamble pulled the Dow lower on Wednesday while the other main indices closed flat. The Dow Jones Industrial Average dropped 43.16 points (0.29 percent) to 14,676.30. The broad-based S&P 500 was essentially flat at 1,578.79, while the Nasdaq Composite Index added 0.32 (0.01 percent) to 3,269.65. Dow component AT&T sank 5 percent after profit margins in both the wireline and wireless businesses came in lower than expected in its first quarter earnings report. Citigroup slashed its recommendation to "neutral" citing slower expected revenue growth in 2013.
Other blue-chip losers included Cisco (down 2.5 percent) and Walmart (down 1.3 percent). Among those gaining were Alcoa (up 3.6 percent), Microsoft (up 3.8 percent) and General Electric (up 2.1 percent). Technology giant Apple took an erratic trajectory, rising and falling throughout the day on the heels of its first drop in quarterly earnings in nearly 10 years. But that was mitigated by plans to double to US$100 billion by 2015 the sum it spends on buybacks and dividends. Apple shares traded between US$392.50 and US$415.25, before settling at US$405.46, down 0.2 percent. Auto giant Ford dipped 0.2 percent despite reporting stronger profits due to growth in North America. But the company's European division turned in another loss. Boeing jumped 3 percent after besting analyst expectations by a wide margin. The company said the retrofitting costs of resolving the battery problems on the grounded 787 aircraft would have only a minor impact on financials. Yum! Brands, the parent of Taco Bell and other fast food franchises, gained 7 percent after net income bested expectations by a wide margin. -- AFP |
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