NST Online Business Times : latest

Posted: 06 Jun 2013 06:32 PM PDT

Share prices on Bursa Malaysia rebounded to open slightly higher on fresh buying interest, dealers said.

The FTSE Bursa Malaysia KLCI (FBM KLCI) opened 0.26 of a point higher at 1,769.86 but slipped 0.81 of a point to 1,768.79 one minute later.

Gainers more than doubled losers 112 to 31, 83 counters were unchanged, 1,361 untraded and 14 others were suspended.

Turnover stood at 24.89 million shares worth RM14.73 million.

HwangDBS Vickers Research said taking the cue from the positive vibes in the US market, the benchmark index was expected to see an upward bias today but immediate resistance would remain at the 1,785 points level.

"Wallstreet avoided a three-day losing streak as the major indices closed 0.5-0.9 per cent higher yesterday.

"This could be mainly due to the anticipation of favorable figures from a major jobs report due to be released today," it said in a research note today.

On the scoreboard, the Finance Index added 28.1 points to 16,830.97, the Industrial Index shed 5.91 points to 3,017.25 while the Plantation Index gained 15.88 points to 8,344.38.

The FBM Emas Index rose 3.15 points to 12,336.45, the FBMT100 earned 0.17 of
a point to 12,095.67, the FBM Mid 70 Index climbed 23.09 points to 14,316.1 but
the FBM Ace Index fell 2.48 points to 4,616.11.

Among actives, Malaysia Airline and Sino Hua-An added one sen each to 33.5
and 20 sen, respectively, GPA Holdings earned half-a-sen to 8.5 sen and Benalec
Holdings rose two sen to RM1.51.

Heavyweights, Maybank and Axiata Group were both flat at RM10.28 and RM6.47,
respectively, CIMB added two sen to RM8.08 but Sime Darby erased 14 sen to
RM9.35. Bernama

US stocks gain in erratic trading

Posted: 06 Jun 2013 05:03 PM PDT

NEW YORK: US stocks swung erratically on Thursday as the dollar sank and bond prices rose, but finished solidly higher a day ahead of the government's release of US employment data for May.

The Dow Jones Industrial Average gained 80.03 points (0.53 percent) at 15,040.62, after having lost as much as 116 points at mid-session.

The broad-based S&P 500 added 13.66 points (0.85 percent) at 1,622.56, while the tech-rich Nasdaq Composite rose 22.58 points (0.66 percent) to 3,424.05.

The market continued to search for direction amid mixed signals from the US and global economies and traders appeared unnerved by the dollar's sharp fall against the euro and yen, which came after both the European and British central banks kept monetary policies unchanged.

"The lows in the dollar index occurred at the same time as the lows in equities. Once the noise in currencies subsided, stocks began their afternoon rally," said Briefing.com.

On Friday the Department of Labour releases its numbers on job creation and unemployment in May, data that give some idea of the direction of the economy and how and when the Fed might pull in its quantitative easing program.

Leaders in large-cap stocks included Pfizer (+2.3 percent), Verizon (+3.5 percent) and Home Depot (+2.9 percent).

Network systems specialist Ciena gained 17.4 percent after it beat forecasts with a smaller fiscal second-quarter loss and predicted continuing improvement in its market this year.

That also helped push up shares of JDS Uniphase, a Ciena competitor, by 8.3 percent, while Juniper Networks fell 0.4 percent.

VeriFone, which makes electronic payments equipment, plunged 20.9 percent after turning in a fiscal second-quarter loss driven in part by slower sales.

SodaStream International, which sells kits and supplies for making soda drinks at home, surged 10 percent in early trade after rumors spread that Pepsi would take it over. Once denied, the shares settled for a 2.7 percent gain at the end of the session. -- AFP

Kredit: www.nst.com.my

Khamis, 6 Jun 2013

NST Online Business Times : latest

NST Online Business Times : latest

0 ulasan:

Catat Ulasan