Business Times : latesthttp://www.btimes.com.my enFriday, December 27, 2013, 10.39 AMKL shares hit new highhttp://www.btimes.com.my/articles/20131227111120/Article/ http://www.btimes.com.my/articles/20131227111120/Article/Fri, 27 Dec 2013 11:11:20 +0800The FTSE Bursa Malaysia KLCI (FBM KLCI) hit a new intra-day high of 1,855.62, up 11.52 points at 10.33am, lifted by window dressing activities in selective bluechip and heavyweights, an analyst said.
Mercury Securities head of research Edmund Tham said the uptrend on the FBM KLCI did not reflect the broader market as the total trading volume was low and buying was more focus on index-linked counters.
"Its selective window dressing in bluechips and key-heavyweights, not the whole market," he told Bernama.
The previous intra-day high was recorded on December 17 at 1,861.94.-- Bernama FTSE Bursa Malaysia update: 10.30amhttp://www.btimes.com.my/articles/20131227100258/Article/ http://www.btimes.com.my/articles/20131227100258/Article/Fri, 27 Dec 2013 10:03:00 +0800At 10.30am today, there were 277 gainers, 163 losers and 262 counters traded unchanged on the Bursa Malaysia. The FBM-KLCI was at 1,854.70 up 10.60 points, the FBMACE was at 5,617.86 up 27.79 points, and the FBMEmas was at 12,768.42 up 61.85 points. Turnover was at 278.733 million shares valued at RM223.456 million.-- Bernama KL shares open lower but rises thereafterhttp://www.btimes.com.my/articles/20131227100606/Article/ http://www.btimes.com.my/articles/20131227100606/Article/Fri, 27 Dec 2013 10:06:07 +0800Shares on Bursa Malaysia opened slightly lower this morning but rose thereafter, extending its uptrend from yesterday, dealers said. At 9.22am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,844.57, up 0.47 of-a-point, after opening 0.14 of-a-point easier at 1,843.96. HwangDBS Vickers Research said continuing from where it left off yesterday, Bursa Malaysia could maintain the rising momentum. "After posting an 8.6-points to overcome the immediate resistance line of 1,840 on 'Boxing Day', the benchmark FBM KLCI is poised to challenge its all-time peak of 1,851.94 before advancing towards the next resistance target of 1,860 ahead," it said in a research note today. Overseas, Wall Street continued to rise in overnight trade, with key stock indices gaining between 0.3 per cent and 0.7 per cent to finish at new record levels as jobless claims fell. On the local scoreboard, the Finance Index lost 5.85 points to 16,901.82, the Industrial Index slipped 0.98 of-a-point to 3,133.74 but the Plantation Index gained 27.08 points to 8,788.78. The FBM Emas Index added 5.149 points to 12,711.72, the FBMT100 Index increased 1.5 points to 12,445.38, the FBM Ace firmed 21.57 points to 5,611.64 while the FBM 70 dropped 4.87 points to 14,047.72. Gainers led losers 142 to 101 while 146 counters were unchanged, 1,172 untraded, and 33 others were suspended. Turnover stood at 120.07 million shares worth RM46.98 million. Among actives, Hubline, Nextnation Communication and Talam Transform added half-a-sen each to five sen, eight sen and seven sen, respectively, Xideland climbed one sen to 39 sen and TH Heavy Engineering gained three sen to 88 sen. Of heavyweights, Tenaga added four sen to RM11.18, CIMB gained three sen to RM7.65, Maybank lost two sen to RM10.02 and Sime Darby shed three sen to RM9.44 while Axiata was unchanged at RM6.80.-- Bernama KLCI futures opens higherhttp://www.btimes.com.my/articles/20131227101118/Article/ http://www.btimes.com.my/articles/20131227101118/Article/Fri, 27 Dec 2013 10:11:18 +0800The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives was traded higher in early trade, riding on the cash market's bullish momentum. At 9.33am, spot month December 2013 added two points to 1,850.5, January 2014 advanced four points to 1,855.5, March 2014 gained 3.5 points to 1,853 and June 2014 improved 2.5 points to 1,846. Turnover amounted to 2,753 lots while open interest stood at 49,090 contracts. The underlying FBM KLCI was 3.09 points higher at 1,847.19 after 33 minutes of trading.-- Bernama Ringgit opens higher against US dollarhttp://www.btimes.com.my/articles/20131227101453/Article/ http://www.btimes.com.my/articles/20131227101453/Article/Fri, 27 Dec 2013 10:14:53 +0800The ringgit opened slightly higher against the US dollar on renewed appetite, dealers said.
At 9am, the ringgit was quoted at 3.2950/2980 to a dollar from Thursday's 3.2960/2990.
A dealer said growing optimism over the recovery of the United States economy, the world's largest, sparked buying interest for the greenback and this helped spur some positive sentiment towards riskier assets like the ringgit.
Meanwhile, the local unit was mixed against other major currencies.
It appreciated against the Singapore dollar to 2.5953/5993 from 2.5996/5021 on Thursday and rose vis-a-vis the yen to 3.1402/1442 from 3.1459/1500 yesterday.
However, against the British pound, the domestic unit depreciated to 5.4110/4170 from 5.3975/3041 and weakened versus the euro to 4.5161/5212 from 4.5109/5157 on Thursday.-- Bernama Gold up 43 sen at RM124.11 per grammehttp://www.btimes.com.my/articles/20131227101743/Article/ http://www.btimes.com.my/articles/20131227101743/Article/Fri, 27 Dec 2013 10:17:43 +0800The physical price of gold as at 9.30am stood at RM124.11 per gramme, up 43 sen from RM123.68 at 5pm yesterday.-- Bernama
Short-term rates to remain stablehttp://www.btimes.com.my/articles/20131227102037/Article/ http://www.btimes.com.my/articles/20131227102037/Article/Fri, 27 Dec 2013 10:20:37 +0800Short-term interbank rates are likely to remain stable today following Bank Negara Malaysia's intervention to absorb excess liquidity from the financial system.
The central bank estimated today's liquidity at RM29.188 billion in the conventional system and RM6.776 billion in Islamic funds.
Bank Negara will conduct a RM7 billion range maturity auction tender for three days to 90 days, as well as, a RM300 million and RM750 million repo tender for 31 days and 90 days, respectively.
It will also call for two Al-Wadiah tenders comprising RM1.2 billion for seven days and RM300 million for 14 days.
At4pm, the central bank will conduct up to RM21.1 billion in conventional overnight tenders and a RM5.6 billion Al-Wadiah overnight tender.-- Bernama Gold futures extends gains to open higherhttp://www.btimes.com.my/articles/20131227102339/Article/ http://www.btimes.com.my/articles/20131227102339/Article/Fri, 27 Dec 2013 10:23:39 +0800Gold futures contract extended gains to open higher on Bursa Malaysia Derivatives as fresh buying interest emerged, dealers said.
At 9.20am, December 2013 was nine ticks better at RM128.15 sen a gramme, January 2014 went up 10 ticks to RM128.50 sen a gramme, February 2014 climbed eight ticks to RM128.80 sen while March 2014, April 2014 and June were untraded at RM128.40 sen agramme, respectively.
Turnover stood at 28 lots while open interest amounted to 1,513 contracts.-- Bernama Oil prices rise on South Sudan fearshttp://www.btimes.com.my/articles/20131227103959/Article/ http://www.btimes.com.my/articles/20131227103959/Article/Fri, 27 Dec 2013 10:39:59 +0800NEW YORK: Oil prices rose Thursday on concerns about output in conflict-wracked South Sudan and the latest round of improving US economic data.
US benchmark West Texas Intermediate for February delivery rose 33 cents to US$99.55 a barrel on the New York Mercantile Exchange.
European benchmark Brent oil for February delivery increased 8 cents to US$111.98 a barrel on the Intercontinental Exchange in London. Volume on electronic exchanges was low due to the Boxing Day holiday, which closed major markets in London.
Traders have been keeping an eye on developments in South Sudan, which has been rocked by a wave of deadly ethnic violence.
Analysts say the conflict threatens oil output in South Sudan, where some oilfield staff has been evacuated.
Robert Yawger, director of energy futures at Mizuho Securities, said South Sudan usually exports about 220,000 barrels a day to Japan, Malaysia and China.
The UN Security Council said Thursday it was hurrying to deploy reinforcements to its peacekeeping force in the country, as neighbouring states Kenya and Ethiopia try to broker a solution to the crisis.
Oil also gained after a Department of Labor report showed first-time claims for unemployment benefits fell to 338,000, below the 350,000 forecast by analysts.
The better jobless claims report came on the heels of other recent strong US data on third-quarter growth, durable goods orders and other items that suggest a healthier economy.
"The improving US economy and signs the global economy is steady has been driving prices higher," said Gene McGillian, broker and analyst at Tradition Energy.
Markets are eyeing the weekly report on US oil inventories, which is delayed until Friday due to the Christmas holidays. Analysts expect a decline in stocks of 2.2 million barrels, according to a survey by the Wall Street Journal.-- AFP Dow, S&P 500 close at new record highshttp://www.btimes.com.my/articles/20131227103200/Article/ http://www.btimes.com.my/articles/20131227103200/Article/Fri, 27 Dec 2013 10:32:00 +0800NEW YORK: US stock markets Thursday continued their bull run of 2013, closing at fresh records after a strong US unemployment report.
The Dow Jones Industrial Average shot up 122.33 (0.75 per cent) to 16,479.88, finishing at a record high for the sixth straight session.
The SandP 500, closing at a record high for the fourth straight session, added 8.70 (0.47 per cent) at 1,842.02. The tech-rich Nasdaq Composite Index increased 11.76 (0.28 per cent) to 4,167.18.
The latest record came after US Labor Department data showed first-time claims for unemployment benefits fell to 338,000 from an adjusted 380,000 the previous week. Analysts had projected that 350,000 claims would be filed.
Other better-than-expected economic news in recent days has increased confidence in the US outlook after the Federal Reserve announced on December 18 it was scaling back its bond-buying programme.
The yield on the 10-year US Treasury bond hit 3.0 per cent earlier Thursday before retreating. Higher yields sometimes crimp enthusiasm for equities, but the recent rise has been gradual, said Michael Gayed, chief investment strategist at Pension Partners.
"If you have a spike in yields, it is a negative," Gayed said.
"But as the yields are gradually going higher despite the Fed tapering, that means there is a growing sense of confidence that the stocks market does not need the Fed as much."
Online retailer Amazon gained 1.3 per cent after reporting that subscriptions to its Amazon Prime two-day shipping programme jumped in December ahead of Christmas and now counts tens of millions of members worldwide. Amazon characterized the 2013 holiday shopping season as its best ever.
Shipping company UPS advanced 0.2 per cent despite criticism after it missed some Christmas deadlines for gift-package delivery due to an unexpectedly large volume. Rival FedEx, which appeared to have somewhat fewer problems, rose 0.9 per cent.
BlackBerry shed 8.7 per cent after co-founders Michael Lazaridis and Douglas Fregin disclosed they were selling a large percentage of their shares in the embattled smart-phone maker.
Telecom company Sprint rose 3.1 per cent following a report that its parent SoftBank is in talks to purchase US wireless company T-Mobile. T-Mobile rose 2.3 per cent.
Bond prices slipped. The yield on the 10-year US Treasury rose to 2.99 per cent from 2.98 per cent after breaching the 3.00 per cent level earlier in the session.
The 30-year increased to 3.92 per cent from 3.90 per cent. Bond prices and yields move inversely.-- AFP
NST Online Business Times : latest
0 ulasan:
Catat Ulasan