NST Online Business Times : latest

Posted: 26 Sep 2012 06:43 PM PDT

KUALA LUMPUR: Share prices on Bursa Malaysia rebounded to open higher, lifted by gains in most heavyweight stocks, dealers said.
As at 9.15 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 4.39 points better at 1,623.69 after opening 1.8 points higher at 1,621.1.

HwangDBS Vickers Research said against a weak external backdrop, Malaysian equities may remain under pressure today.

"On the chart, the key FBM KLCI could be swinging sideways with a marginal negative bias as the benchmark index may find immediate support at the 1,600 psychological mark," it said in a research note.

On Wall Street, investors' sentiment was hit by growing worries that there was still no solution in sight for the ongoing euro zone financial crisis.

"This led US equity indices to slip between 0.6 per cent and 0.8 per cent at the closing bell last night," it added.

The Finance Index surged 24.43 points to 14,4466.6, the Plantation Index fell 3.42 points to 8,239.33 and the Industrial Index rose 1.87 points to 2,793.

The FBM Emas Index added 27.34 points to 11,015.07, the FBM Mid 70 Index improved 22.27 points to 11,810.08 and the FBM Ace earned 1.97 points to 4,280.39.

Gainer led losers 101 to 75 while 140 counters were unchanged, 1,323 untraded and 25 others were suspended.

Turnover stood at 47.59 million shares worth RM28.51 million.
Actives, Harvest Court advanced one sen to 38.5, Astral Supreme earned half-a-sen to 29 sen, Key West Global shed two sen to 2.5 sen and Inix Technologies eased half-a-sen to 15 sen.

Heavyweights, Maybank added four sen to RM8.99, Axiata Group rose two sen to RM6.36 while Sime Darby and CIMB were both flat at RM9.79 and RM7.38, respectively. -- BERNAMA

US stocks slip on eurozone turmoil

Posted: 26 Sep 2012 04:48 PM PDT

NEW YORK: US stocks sank on Wednesday following the paths of markets in Asia and Europe amid a rise in turmoil in the eurozone.

Losses were broad-based, with most tech leaders and Dow blue chips losing ground.

At the end of trade, the Dow Jones Industrial Average was down 44.04 points (0.33 percent) at 13,413.51.

The S&P 500 lost 8.27 points (0.57 percent) at 1,433.32, while the Nasdaq Composite shed 24.03 points (0.77 percent) at 3,093.70.

"European markets were mostly lower coming into the open this morning, and that certainly put downward pressure on our markets," said Joe Bell of Schaeffer's Investment Research.

"Some malevolent forces are rearing their ugly head again," said Patrick O'Hare at Briefing.com.

"In particular, worries about the eurozone are front and centre as protests over austerity measures flare up in Spain and Greece. Meanwhile, the US equity market seems to be recoiling at the thought that central bank support might not be the saving grace many had hoped it would be."

Among large-cap shares, Bank of America slipped 1.2 percent, American Express 1.7 percent, Apple 0.9 percent and Oracle 1.9 percent.

Struggling Hewlett-Packard bucked the trend and added 2.4 percent after losing ground for a week.

BlackBerry maker Research in Motion surged 6.1 percent after saying it had added two million new subscribers since June, holding on in its fight against rival smartphone makers.

Yahoo! fell 0.4 percent to US$15.68 a day after new chief executive Marissa Mayer spelled out the company's mission to staff and announced a new chief financial officer.

Troubled electronics chain RadioShack gained 1.6 percent a day after the company sacked its chief executive and launched a search for a new leader.

Electric sports car maker Tesla fell 0.4 percent after its revelation on Tuesday of being well behind on its production schedule. -- AFP

Kredit: www.nst.com.my

Rabu, 26 September 2012

NST Online Business Times : latest

NST Online Business Times : latest

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