Jumaat, 11 Januari 2013

NST Online Business Times : latest

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KL bourse seen remaining firm

Posted: 11 Jan 2013 07:27 PM PST

Share prices on Bursa Malaysia are expected to remain firm next week, driven by stronger-than-expected Chinese trade data and optimism that the global economy is on its way to recovery, dealers said.

Affin Investment Bank Vice-President and Head of Retail Research Dr Nazri Khan said with the recent encouraging US economic data, easing Eurozone sovereign debt tensions and expectation of positive fourth-quarter earnings, the regional equity indices including the FBMKLCI, was expected to hit fresh
cyclical highs in the near-term.

"The next major resistance is pegged between 1,700 and 1,720 points level while major support stood between 1,670 and 1,660 points," he said.

Meanwhile, Nazri said the one-off rally held on Saturday would only have minimal impact on the stock market.


"Besides, we have enough catalyst and momentum in the economy now both from an investment and stock market perspective with the FBMKLCI at all time high and on the verge of breaking the 1,700 points psychological barrier.

"Ultimately, we believe the dissolution of Parliament and the 13th General Election polling date is more important than the rally as the two factors would ultimately impact market sentiment and business confidence," he added.

On the local front, some of the newsflow that will excite the bourse includes AirAsia Bhd which plans to launch an Indian airline, Lingui Development Bhd's proposed privatisation by Samling Group and rumours that Malaysia Airports and YTL Corp are bidding for the 1 billion pound UK Stansted Airport.

Meanwhile, on a Friday-to-Friday basis, the FBM KLCI declined 9.88 points to 1,682.70 compared with last Friday's 1,692.58.

The Finance Index improved 58.24 points to 15,399.60 but the Industrial Index fell 16.47 points to 2,797.87 and the Plantation Index lost 105.86 points to 8,149.33.

The FBM Emas Index decreased 5.02 points to 11,439.30, the FBMT100 slipped 55.85 points to 11,284.80, the FBM 70 Index edged down 14.09 points to 12,425.51 while the FBM ACE Index rose 19.06 points to 4,278.83.

Weekly turnover surged to 5.94 billion units, valued at RM7.653 billion, from last week's 4.093 billion shares, worth RM6.02 billion.

The Main Market volume improved to 4.487 billion shares, worth RM7.462 billion, from 3.187 billion units, valued at RM5.892 billion, transacted last week.

The ACE market volume rose to 1.05 billion shares, worth RM109.776 million, compared with 659.884 million shares, worth RM126.779 million, recorded last week.

Warrants were up at 388.452 million shares, valued at RM47.092 million, versus 239.007 million units, valued at RM27 million, recorded previously. -- BERNAMA

Ringgit expected to trade higher

Posted: 11 Jan 2013 07:20 PM PST

The ringgit is expected to trade higher against the US dollar next week, on more signs of a global economic recovery.

A dealer said the local unit would likely move towards the 3.000 level next week given the positive trend on the equity market.

The ringgit hit 3.0155 per dollar, its strongest since March 12, 2012 on Friday as investors continued to add bullish positions.

The unit's underlying sentiment was boosted by positive trade data released for November and the overall interest in Asian currencies.

On a weekly basis, the ringgit closed at 3.0200/0220 against the US dollar from 3.0455/0485 last Friday.

It appreciated against the Singapore dollar to 2.4639/4657, from 2.4793/4811, previously and increased against the yen to 3.3933/3967 from 3.4514/4563, last week.

The local currency was up against the British pound at 4.8758/8805 from 4.8880/8941 previously but fell against the euro to 4.0039/0069 versus last Friday's 3.9634/9682. -- BERNAMA

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CDC: Flu vaccine 62% effective; 47 states report widespread illness - CBS News

Posted: 11 Jan 2013 08:48 AM PST

Flu activity continues to rise in the U.S., according to new surveillance statistics released by the Centers for Disease Control and Prevention on Friday.

Forty-seven states have now reported widespread influenza activity, according to the CDC's latest FluView report, three more states than officials estimated Wednesday. Two more children have died since last week's report, raising the total to 20 kids who have succumbed to the virus.

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Flu season in U.S. strikes early

The report covers the week of Dec. 30 through Jan. 5, and the CDC releases a revision every Friday.

Twenty-four states and New York City have experienced high influenza activity, with 16 states reporting moderate activity. Last week's report showed high activity in 29 states. A complete look at how your state stacks up can be found on the CDC's website.

From Oct. 1 of 2012 through the report, an estimated 13.3 per 100,000 people were hospitalized with flu. The hardest hit group were adults ages 65 and older. Adults with underlying conditions such as diabetes, heart disease, obesity and lung disease (excluding asthma) were more likely to be hospitalized.

Underlying conditions like asthma, neurological disorders or diseases that weaken the immune system were commonly reported in hospitalized kids; however, more than 40 percent of them did not have an underlying medical condition.

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Flu outbreak swamps hospitals nationwide

Hospitals around the country have reported influxes of flu patients. In Chicago, several hospitals had to divert ambulances while one Pennsylvania hospital had to set up tents to deal with the extra patients.

Dr. Robert Glatter, an emergency medicine physician at Lenox Hill Hospital in New York City, told CBSNews.com Friday that his hospital set up additional treatment areas for flu patients.

"Many patients seem to have more severe illness this year as opposed to last year," Glatter said in an email. "In fact, a number of patients have required mechanical ventilation (respirator) due to difficulty breathing. We have also seen a number of children under the age of 5 with severe symptoms including muscle aches along with vomiting."

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Mass. hospital nearing full capacity with flu patients

The CDC does not track adult death rates -- state health departments do -- but about 24,000 die each year from influenza.

The CDC said the predominant virus causing flu nationwide is influenza A (H3N2), followed by influenza B viruses. Cases of H1N1, or "swine flu," -- the virus behind a 2009 pandemic -- have rarely been seen.

The CDC also released a new study Jan. 11 in its journal Morbidity and Mortality Weekly Report, that found this year's flu vaccine is about 62 percent effective. That's based on test results collected from 1,155 children and adults who reported to doctors with respiratory infections.

The agency still says this year's vaccine matches well to the strains that are out there, and recommends everyone over the age of 6 months gets a flu shot.

"However, these early [vaccine effectiveness] estimates underscore that some vaccinated persons will become infected with influenza," wrote the CDC researchers. "Therefore, antiviral medications should be used as recommended for treatment in patients, regardless of vaccination status."

Prescription drugs such as Tamiflu (generic name oseltamivir) and Relenza (generic name zanamivir) are usually prescribed for about five days, although people who are hospitalized may need to take the medicine longer. The drugs can reduce symptoms and shorten the time people are sick by one to two days, in addition to helping prevent more serious flu complications like pneumonia, according to the CDC.

FAA Opens Review of Boeing 787 Dreamliner - Wall Street Journal

Posted: 11 Jan 2013 09:19 AM PST

Article Excerpt

U.S. regulators on Friday opened a full review of how Boeing Co. builds its new 787 jet, while reiterating that the aircraft is safe to fly despite the recent spate of technical problems.

Airlines continued to operate the Dreamliner, and the move doesn't ground any of the planes, or require immediate inspections or repairs.

The Federal Aviation Administration said it plans to launch a "comprehensive safety review of Boeing 787 critical systems," including the "design, manufacture and assembly" of electrical and other components.

"I believe this plane is safe," U.S. Transportation Secretary Ray LaHood said at a news conference Friday ...

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