NST Online Business Times : latest
NST Online Business Times : latest |
| Posted: 18 Jun 2013 06:42 PM PDT Malaysia's benchmark stock index rose in early trade, extending its recovery in tandem with a steady Wall Street performance, led by gain in oil and gas firms such as Petronas Gas Bhd (PGB) and Bumi Armada Bhd. The index, which rose 0.11 per cent in early trade, outperformed MSCI's broadest index of Asia Pacific shares outside Japan that fell 0.08 per cent, while it underperformed Tokyo's Nikkei share average, which rose 1.77 per cent. "The benchmark index may gyrate sideways with a slight positive bias today with its immediate resistance barrier standing at 1,785 currently," HwangDBS said in a research note to clients on Wednesday. HwangDBS also said investors will watch Berjaya Sports Toto Bhd after the company reported a 17 per cent year-on-year drop in its fourth quarter profit on Tuesday, hurt by higher operating expenses.
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| KL shares open higher in early trading Posted: 18 Jun 2013 06:55 PM PDT Share prices on Bursa Malaysia opened higher in early trading today, supported by gains mostly seen in selected blue chips led by Petronas Gas, dealers said. Sixteen minutes after opening, the FTSE Bursa Malaysia KLCI (FBM KLCI) advanced 8.34 points to 1,782.39, the highest level so far today. At the opening, the barometer index rose 3.21 points to 1,777.26 from yesterday's close at 1,774.05. Petronas Gas, which accounted for 1.393 points of the benchmark index's rise, gained 38 sen to RM21.48.
"The benchmark FBM KLCI may gyrate sideways with a slight positive bias today, with its immediate resistance barrier standing at 1,785 currently," it said in a research note today. Last night, leading US equity bellwethers rose between 0.8 per cent and 0.9 per cent, as investors await the outcome of the Federal Open Market Committee meeting. "Essentially, by tomorrow morning Malaysia time, we hope to get an insight whether the policymakers intend to wind down the monetary stimulus programme anytime soon," said the research house. On the scoreboard, the Finance Index surged 82.43 points to 16,945.78, the Industrial Index rose 11.73 points to 3,034.32 while the Plantation Index improved 35 points to 8,433.89. The FBM Emas Index increased 55.68 points to 12,399.58, the FBMT100 Index was 54.53 points higher at 12,157.5, the FBM Mid 70 Index jumped 54.41 points to 14,263.66 and the FBM Ace Index added 3.67 points to 4,790.19. Gainers thumped losers by 223 to 65 while 165 counters were unchanged, 1,125 untraded and 14 others were suspended. Total turnover was at 127.212 million shares worth RM60.415 million. Among actives, Eti Tech shed half sen to 8.5 sen, Flonic Hi-Tec eased one sen to 7.5 sen while Nova MSC edged up one sen to 6.5 sen. Heavyweights, Maybank garnerd six sen to RM10.50, CIMB rose five sen to RM8.32, Sime Darby earned two sen to RM9.57 while Axiata slipped one sen to RM6.63.-- Bernama |
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