NST Online Business Times : latest

Posted: 04 Apr 2013 06:57 PM PDT

RHB Research upgraded IOI Corp Bhd to 'neutral' from
'sell' as it expects higher earnings from the company's property division to offset the poor performance of its plantation business.

IOI's upstream plantation business could be affected by
'lacklustre' palm oil prices, although the company will be supported by its property developments in Malaysia and Singapore, the research house said in a note on Friday. The brokerage raised its target price on IOI to RM4.90 from RM4.70.

Shares of IOI were down 1.03 per cent at RM4.81 as of 9.27am, while the benchmark index was lower 0.26 per cent.-- Reuters

KL shares mixed on mild profit-taking

Posted: 04 Apr 2013 06:48 PM PDT

Share prices on Bursa Malaysia opened mixed in the early session today due to mild profit-taking after recent gains, dealers said.

The FTSE Bursa Malaysia KLCI (FBM KLCI) was down 3.86 points to 1,684.60 at 9.15am, after opening 2.15 points weaker at 1,686.31.

HwangDBS Vickers Research in a note today said on the back of higher trading volume for the past two days, the FBM KLCI touched its all-time high of 1,700 points in yesterday morning, before softening and closing three points higher for the day.

The research house expects the index could be testing the 1,700 level again as the US leading index closed 0.2-0.4 per cent higher yesterday driven by Bank of Japan's announcement to expand its stimulus programme.

Back home, investors are now waiting eagerly for the announcement of the polling date for Malaysia's most hotly contested election in history, it added.

The Finance Index declined 61.60 points to 15,761.62, the Industrial Index inched up 3.10 points to 2,903.70 and the Plantation Index removed 29.26 points to 7,996.16.

The FBM Emas Index erased 10.59 points to 11,534.01, the FBMT100 slumped 14.370 points to 11,361.96 but the FBM Mid 70 Index gained 32.67 points to 12,815.31 while the FBM Ace Index rose 11.50 points to 4,012.66.

Advancers led decliners 139 to 84, with 131 counters unchanged, 1,263 untraded and 23 others suspended.

Turnover stood at 57.690 million shares worth RM60.505 million.

Among actives, LBS Bina moved up three sen to RM1.10, Ecofirst Consolidated earned half-a-sen to 16 sen, Symphony House added 1.5 sen to 11.5 sen and XOX increased a sen to 15.5 sen.

As for heavyweights, Maybank was up two sen to RM9.47, CIMB rose four sen to RM7.60, Axiata inched up a sen to RM6.63 and Sime Darby was flat at RM9.27.-- Bernama

Kredit: www.nst.com.my

Khamis, 4 April 2013

NST Online Business Times : latest

NST Online Business Times : latest

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