NST Online Business Times : latest
NST Online Business Times : latest |
| KL shares rebound sharply to open higher Posted: 18 Sep 2013 06:52 PM PDT The FTSE Bursa Malaysia KLCI (FBM KLCI) rebounded sharply to open higher after the US Federal Reserve, in a surprise move, decided to maintain the value of its monthly bonds purchase programme, a dealer said. At 9.06am, the benchmark index was 20.5 points higher at 1,791.9 after opening 19.01 points better at 1,790.41 points. HwangDBS Vickers Research said Asian equities were poised to get a lift from the US Federal Open Market Committee's surprise decision to continue its monthly bonds purchase at a similar pace of US$85 billion. In reaction to the policymakers' move to await more evidence that the economic progress would be sustained before adjusting the pace of its purchases, major US bellwethers jumped to new highs after rising between 0.9 per cent and 1.2 per cent at the closing bell last night.
On the scoreboard, the Finance Index surged 165.959 points to 16,830.26, the Industrial Index gained 33.15 points to 3,042.44 and the Plantation Index added 55.229 points to 8,386.09. The FBM Emas Index jumped 133.72 points to 12,424.29, the FBM100 Index chalked-up 133.271 points to 12,174.44 and the FBM 70 perked 129.63 points to 14,088.87 while the FBM Ace advanced 50.1 points to 5,202.47. Gainers thrashed losers 331 to 28, with 71 counters unchanged, 1,158 untraded and 35 others were suspended. Volume stood at 102.82 million shares worth RM106.2 million. Among actives, MAS and Instacom added one sen to 33 sen and 27 sen respectively, Integrated Rubber and Green Ocean gained 1.5 sen each to 52 sen and 17 sen, respectively, and Focal Aims perked 11 sen to RM1.74. Heavyweights, Maybank added 10 sen to RM10.30, Axiata gained five sen to RM6.93, CIMB perked 14 sen to RM7.74, Sime Darby chalked-up seven sen to RM9.56 and Petronas Chemicals rose two sen to RM6.81.-- Bernama |
| Ringgit opens higher against US dollar Posted: 18 Sep 2013 06:55 PM PDT The ringgit remained higher for the third consecutive day against the US dollar this morning, spurred by persistent buying
The local note was quoted at 3.1745/1775 per US dollar versus yesterday's close of 3.2325/2355. A dealer said the ringgit received a boost following the US Federal Open Market Committee's surprise decision to continue its monthly bonds purchase at a similar pace of US$85 billion. "This will stimulate confidence among investors over the economic progress in US, the world largest economy, thus help boost risk appetite for emerging currencies like the ringgit," the dealer told Bernama. Meanwhile, against other major currencies, the ringgit was also traded firmer. The local unit appreciated against the Singapore dollar to 2.5508/5536 from 2.5667/5701 yesterday and soared against the yen to 3.2340/2374 from 3.2691/2735 Wednesday. It also rose against the British pound to 5.1227/1278 from 5.1594/1652 on Wednesday and strengthened against the euro to 4.2932/2976 from 4.3151/3197 yesterday.-- Bernama |
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