NST Online Business Times : latest

KL shares recover on fresh bying interest

Posted: 02 Sep 2013 07:02 PM PDT

Share prices on Bursa Malaysia rebounded in the early session Tuesday on fresh buying interest after falling 10 points at
yesterday's closed, dealers said.

At 9.10am, the FTSE Bursa Malaysia KLCI (FBM KLCI) edged up 1.06 points to 1,718.62, after opening 0.79 of a point better at 1,718.35.

HwangDBS Vickers Research said the local sentiment was lifted by better economic data in China and Europe as well as easing geopolitical tension in Syria.

"The stronger external backdrop could push the benchmark FBM KLCI on the local bourse to overcome its support-turned-resistance level of 1,720 ahead," it said in a research note.

While Wall Street was closed for a holiday Monday, HwangDBS said the September futures contracts for key US equity indices were up with the Dow Jones Industrial Average and the S&P 500 Index trading above their respective spot rates this morning.

On the scoreboard, the Finance Index eased 0.65 of a point to 16,092.6, the Plantation Index lost 23.62 points to 8,141.14 and the Industrial Index shed 0.46 of a point at 2,890.01.

The FBM Emas Index rose 8.51 points to 11,904.11, the FBM100 Index added 7.89 points to 11,668.52 and the FBM 70 Index gained 12.02 points to 13,470.04.

Gainer led losers 94 to 67, while 100 counters were unchanged, 1,306 untraded and 13 were suspended.

Turnover stood at 41.44 million shares worth RM23.08 million.

Among actives, Digistar Corp perked up two sen to 30 sen, China Stationery and Sersol earned half-a-sen each to 21.5 sen and 79 sen, respectively, while Metronic Global was flat at 10.5 sen.

Of the heavyweights, Maybank and CIMB rose one sen each to RM10 and RM7.19, respectively, Axiata went up six sen to RM6.72 and Sime Darby was four sen higher at RM9.45.-- Bernama

Ringgit opens higher against US dollar

Posted: 02 Sep 2013 07:06 PM PDT

The ringgit opened higher against the US dollar in early morning session today driven by active buying interest amid positive economic data from China, dealers said.

At 9.20am, the ringgit was quoted at 3.2610/2640 to the US dollar against yesterday's close of 3.2725/2755.

In a report, China Logistics Information Center said that Chinese Purchasing Managers Index (PMI) rose to 51 last month from 50.3 in July.

"The news pressured down the greenback but boost riskier currencies including the ringgit," a dealer said.

Meanwhile, the ringgit was traded mixed against all other major currencies.

The local unit was little changed against the Singapore dollar at
2.5635/5666 compared with 2.5689/5720 on Monday but was stronger against the Japanese yen at 3.2754/2794 against 3.2949/2983 yesterday.

Against the British pound, the local currency strengthened to 5.0705/0762 from 5.0972/0026 yesterday and also appreciated against the euro to 4.3006/3049 from 4.3243/3292 previously.-- Bernama

Kredit: www.nst.com.my

Isnin, 2 September 2013

NST Online Business Times : latest

NST Online Business Times : latest

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