NST Online Business Times : latest
NST Online Business Times : latest |
| KL shares open higher on technical rebound Posted: 25 Jun 2013 06:50 PM PDT Share prices on Bursa Malaysia opened higher today on a technical rebound after a streak of losses in the last five
At 9.00am, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 1.04 points better at 1,729.69 but, 12 minutes later, it came off 1.88 points to 1,726.76. A dealer said the benchmark FBM KLCI could recoup parts of its cumulative loss of 45.4-points or 2.6 per cent suffered over the past five days, as it makes its way towards the immediate support-turned-resistance line of 1,750 ahead. He added that local and regional bourses might track an overnight rise on Wall Street as leading US bellwethers rose between 0.7 per cent and 0.9 per cent at the closing bell on hopes that the country's economic recovery remained on track. On the scoreboard, the Finance Index rose 1.94 points to 16,322.650, the Industrial Index increased 2.34 points to 2,919.29 and the Plantation Index jumped 25.19 points to 8,256.62. The FBM Emas Index added 5.51 points to 11,971.13, the FBMT100 Index was 2.319 points higher at 11,753.27, the FBM Mid 70 Index chalked up 65.04 points to 13,689.90 and the FBM Ace Index edged-up 15.48 points to 4,634.82. Gainers led losers 194 to 41 while 112 counters were unchanged, 1,245 untraded and 48 others were suspended. Volume stood at 74.28 million shares worth RM83.76 million. Among actives, Asia Media and Cybertowers added half-a-sen each to 15.5 sen and 18 sen, respectively, and TA Enterprise earned 3.5 sen to 60.5 sen. Luster Industries lost half-a-sen to 16 sen while Tiger Synergy was unchanged at 21.5 sen. As for heavyweights, CIMB declined seven sen to RM7.98, Sime Darby and Axiata lost three sen each to RM9.40 and RM6.58, respectively, and Petronas Chemicals dropped two sen to RM6.52. Maybank was flat at RM10.-- Bernama |
| Ringgit rebounds against US dollar Posted: 25 Jun 2013 06:53 PM PDT The ringgit open higher against the US dollar as appetite for riskier assets, including the local currency, emerged, dealers said. At 9.02am, the currency was quoted 3.1770/1815 against 3.1820/1850 at 5pm yesterday. A dealer said the greenback had started to recover after the latest batch of US economic data supported the Federal Reserve's recovery view and lifted US Treasury yields. The local currency was, however, lower against the Singapore dollar at 2.5047/5093 from 2.5043/5095 on Tuesday but strengthened against the yen to 3.2382/2444 from 3.2767/2811 previously.
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