NST Online Business Times : latest
NST Online Business Times : latest |
| KL Shares slightly higher in early trade Posted: 15 Oct 2012 06:59 PM PDT KUALA LUMPUR: Share prices on Bursa Malaysia were slightly higher in early trade today as investors took cue from the positive performance on the overnight Wall Street, dealers said. After 10 minutes of trading, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 0.63 of a point better at 1,655.07 against yesterday's close of 1,654.44. HWANGDBS Vickers Research, in a research note, said the improved "On the chart, the benchmark FMB KLCI is expected to cross over the immediate resistance level of 1,655," it said. On the local front, the Finance Index advanced 12.34 points to 14,694.8, the Plantation Index improved 11.19 points to 8,196.83 and the Industrial Index added 1.96 points to 2,855.78. The FBM Emas Index gained 5.529 points to 11,249.35, the FBM Mid 70 Index jumped 22.78 points to 12,182.46, the FBM Ace edged up 0.3 of a point to 4,193.5 and the FBMT100 rose 7.34 points to 11,091.83. Gainers led losers 79 to 47, with 113 counters unchanged, 1,403 untraded and 28 others were suspended. Turnover stood at 62.167 million shares worth RM24.552 million. Actives, Scomi-WA and Compugates Holdings were both unchanged at 8.5 sen and 9.5 sen, respectively, while Scomi declined 2.5 sen to 41.5 sen. Heavyweights, Maybank advanced seven sen to RM9.01 while Sime Darby eased four sen to RM9.75 and CIMB slipped six sen to RM7.60. -- BERNAMA |
| Posted: 15 Oct 2012 04:31 PM PDT NEW YORK: US stocks scored solid gains Monday as investors digested upbeat retail sales data and better-than-expected earnings from Citigroup that helped lift financial stocks. The Dow Jones Industrial Average climbed 95.38 points, or 0.72 per cent, to close at 13,424.23. The broad-based S&P 500 rose 11.54 points (0.81 per cent) to 1,440.13, while the tech-rich Nasdaq added 20.07 points (0.66 per cent) at 3,064.18. "Stocks gained after a report showed retail sales unexpectedly rose 1.1 per cent in September," Wells Fargo Advisors said. "The best story is that even excluding both auto and gas (gasoline), sales were still up 0.9 per cent in September, with a 0.2 per cent revision in August, partly thanks to the release of iPhone 5," said Mei Li at FTN Financial. Retailers benefited, with Wal-Mart up 1.8 per cent, Lowe's up 3.3 per cent and Macy's 1.3 per cent higher. The markets rebounded from their worst week in four months amid worries about the third-quarter earnings season getting under way. Financial stocks were winners after Citigroup reported an 88 per cent drop in third-quarter profit to UA$468 million, with Charles Schwab & Co. analysts explaining that the fall was not as bad as expected. Citi shares leaped 5.5 per cent. Bank of America surged 3.5 per cent, JPMorgan Chase gained 1.8 per cent and Goldman Sachs jumped 3.6 per cent. Debt-laden Sprint Nextel fell 0.7 per cent after Japan's Softbank announced it would pay $20 billion to acquire 70 per cent of the third-biggest US mobile firm, behind AT&T and Verizon Wireless. AT&T skidded 1.2 per cent and Verizon slipped 0.3 per cent. The deal sparked speculation that the extra cash would allow Sprint to gain full control of wireless broadband firm Clearwire, in which it holds a 48 per cent stake. Clearwire soared 16 per cent to $2.69. Microsoft added 1.1 per cent after unveiling Xbox Music, which offers free music streaming for computers and tablets with the new Windows operating system to be launched this month. -- AFP |
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