NST Online Business Times : latest
NST Online Business Times : latest |
| KL shares open higher in early trade Posted: 17 Sep 2012 07:39 PM PDT KUALA LUMPUR: Share prices on Bursa Malaysia opened higher in early trading Tuesday despite the mixed sentiment on regional stock markets, dealers said. At 10.19am, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 7.2 points better at 1,650.15 after opening 3.94 points higher at 1,646.89. HwangDBS Vickers Research said the sentiment in regional markets were also mixed while the Malaysian stock exchange was closed for a public holiday. "Over on Wall Street, key US equity indices slipped between 0.2 per cent and 0.3 per cent at the closing bell," it said in a research note today. "The benchmark FBM KLCI, after a rebound of 18.4 points or 1.1 per cent last week, will likely move sideways for the time being with the immediate resistance threshold seen at 1,655," it added. The Finance Index rose 56.86 points to 14,820.06, the Plantation Index lost 41.89 points to 8,425.25 and the Industrial Index advanced 19.63 points to 2,820.63. The FBM Emas Index gained 48.17 points to 11,223.78, the FBM Mid 70 Indexincreased 52.3 points to 12,168.67 and the FBM ACE Index added 13.7 points to 4,367.52. Gainers led losers 258 to 163 while 220 counters were unchanged, 980 untraded and 15 others were suspended. Turnover stood at 213.64 million shares worth RM408.83 million. Among actives, Asia Resources and Scomi earned half-a-sen each to Heavyweights, Maybank added eight sen to RM9.48, CIMB was four sen higher at RM7.73, Petronas Chemicals increased seven sen to RM6.60 while Sime Darby lost one sen to RM9.79.-- BERNAMA |
| Posted: 17 Sep 2012 04:58 PM PDT NEW YORK: US stocks closed lower Monday in the aftermath of the Federal Reserve's new QE3 stimulus rally amid concerns about weakness in US manufacturing and anti-American unrest in the Middle East. The Federal Reserve's Empire State manufacturing index for the New York region fell for a second straight month in September. "An unexpected deterioration in New York Manufacturing activity to the lowest level since April 2009 is offering no relief for sentiment," said Charles Schwab & Co. analysts. The Dow Jones Industrial Average finished off 40.27 points (0.30 per cent) at 13,553.10. "We have concerns regarding the impact of QE3 on oil and gasoline prices and the growing anti-American unrest in the Middle East," said Fred Dickson, chief investment strategist at DA Davidson & Co. Apple again grabbed the stocks spotlight after announcing its new iPhone 5 set a new pre-release order record, at more than two million orders in the first 24 hours, leaving the gadget maker short of supply of the hotly anticipated smartphone. Apple closed within a hair of US$700 a share, up 1.2 per cent at a record US$699.78, giving the world's most valuable firm a market worth of nearly US$656 billion. Ford Motor Co fell 1.3 per cent. After the market close, the Canadian Auto Workers union announced a tentative agreement on a four-year contract with Ford Canada, averting a strike scheduled to start at midnight. Ford was up 0.2 per cent in after-hours trade. In merger and acquisition news, home-improvement retailer Lowe's Companies slipped 0.6 per cent after withdrawing its acquisition bid for Canada's RONA Inc. Rival retailer Home Depot fell 0.9 per cent. Financials were under pressure after scoring strong gains last week on the back of the Fed's new open-ended QE3 bond-buying stimulus. Bank of America led the Dow decliners, shedding 2.6 per cent. Fellow Dow member JPMorgan Chase lost 0.9 per cent. -- AFP |
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