NST Online Business Times : latest

Posted: 16 Jul 2013 07:04 PM PDT

Malaysia's benchmark stock index rose in early trade, led by gains in gaming firm Genting Malaysia Bhd and telecommunications company Maxis Bhd.

The index, which was up 0.04 per cent at 9.05am in Kuala Lumpur, outperformed MSCI's broadest index of Asia Pacific shares outside Japan that fell 0.09 per cent, while it outperformed Tokyo's Nikkei share average, which dropped 0.69 per cent.

Genting Malaysia rose 1.3 per cent and Maxis Bhd was up 0.8 per cent.

"Just like the past three days, our Malaysian bourse may continue to swing sideways with a marginal upward bias today," HwangDBS Vickers Research said in a research note to clients on Wednesday.

"Against a slightly positive market breath, the benchmark key index could pull away further from the immediate resistance line of 1,785," it added.

HwangDBS also said investors will watch Al-Hadharah Boustead REIT, which will be taken private by its parent Boustead Holdings Bhd via a cash payment of 2.10 per unit against its last done unit price of RM1.87 on Friday.-- Reuters

KL shares marginally higher in early trade

Posted: 16 Jul 2013 06:52 PM PDT

Share prices on Bursa Malaysia were marginally higher, in early trade, this morning but demand was yet to pick up, dealers said.

After three minutes of trading, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 0.31 of a point better at 1,786.7, after opening 0.28 of a point lower at 1,7836.11.

Market breadth was positive, with 93 gainers and 56 losers, while 109 counters were unchanged, 1,327 untraded and 24 others were suspended.

Turnover stood at 23.95 million shares worth RM27.116 million.

A dealer said most investors were on the sidelines in the absence of fresh developments.

On the scoreboard, the Plantation Index fell 2.46 points to 8,450.23, the Finance Index lost 8.24 points to 17,114.57 while the Industrial Index added 1.05 points to 3,023.13.

The FBM Emas Index increased 4.061 points to 12,453.99, the FBM 70 Index rose 6.03 points to 14,315.11, the FBMT100 improved 2.771 points to 12,189.62 and the FBM ACE Index declined 1.05 points to 4,834.96.

Among actives, Gadang Holdings rose three sen to RM1, Cepatwawasan Group gained 2.5 sen to 99 sen and Magna Prima increased 14 sen to RM1.30.

As for heavyweights, Maybank fell two sen to RM10.48, CIMB was flat at RM8.39 while Axiata earned one sen to RM6.80.-- Bernama

Kredit: www.nst.com.my

Selasa, 16 Julai 2013

NST Online Business Times : latest

NST Online Business Times : latest

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