NST Online Business Times : latest
NST Online Business Times : latest |
| Posted: 02 May 2013 06:47 PM PDT Bursa Malaysia opened lower this morning, continuing its bearish trend from yesterday, on lack of buying interest ahead of the 13th general elections on Sunday, dealers said. At 9.03am, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 5.27 points lower at 1,708.19, after opening 1.92 points easier at 1,711.54. Market breadth was negative with 39 gainers, 58 losers and 100 counters unchanged, 1,414 counters untraded and 32 others were suspended. Turnover stood at 13.15 million shares worth RM11.78 million.
"Giving investors a further boost is the overnight rise on Wall Street. US barometers were up between 0.9 per cent and 1.3 per cent following a drop in jobless claims and an interest rate cut by the European Central Bank," it said in a research note today. The research house said stocks that could attract interest today included Digi, RHB Capital, UEM Land and YTL Corporation. "Separately, Genting shares may come under pressure after its
On the score board, the Finance Index erased 32.73 points to 15,907.51, the Industrial Index lost 4.82 points to 2,853.79 and the Plantation Index fell 36.04 points to 8,040.54. The FBM Emas Index gave up 30.03 points to 11,634.60, the FBMT100 lost 30.13 points to 11,484.40, the FBM Ace Index declined 2.23 points to 3,928.51 and the FBM Mid 70 Index slipped 11.47 points to 12,799.82. Among actives, Daya Materials rose one sen to 21 sen, Systech and Malaysian Airline System was both flat at 8.5 sen and 36.5 sen, respectively. Heavyweights, Maybank lost one sen to RM9.61, Axiata Group was unchanged at RM6.74 and CIMB Group shed one sen to RM7.69.-- Bernama |
| Posted: 02 May 2013 04:46 PM PDT NEW YORK: The S&P 500 reached a new all-time high on Thursday, boosted by an expected European Central Bank interest rate cut and a surprisingly good US jobless claims report. The S&P 500 rose 14.89 points (0.94 percent) to reach 1,597.59, narrowly above the previous record set Tuesday. The Dow Jones Industrial Average gained 130.63 points (0.89 percent) to 14,831.58. The tech-rich Nasdaq Composite Index rose 41.49 points (1.26 percent) to 3,340.62.
"Investors returned to the risk-trade after the ECB lowered its key interest rate in an effort to spur growth and pull the eurozone out of a recession," said Wells Fargo in a market note. "An improvement in the employment picture is also helping lift the market." New claims for US unemployment benefits -- an indicator of the pace of layoffs -- fell by 18,000 to 324,000, the lowest level since mid-January 2008. General Motors increased 3.2 percent after reporting a 13.8 percent drop in first quarter earnings due to weakness in North America. Analysts were cheered by smaller-than-expected losses in GM's European operations Facebook added 5.6 percent after reporting a 58 percent increase in first-quarter profit, fueled by mobile advertising growth. Facebook said its monthly active users rose 23 percent from a year ago. Yelp, the online reviews site, jumped 27.4 percent after its first quarter sales beat analyst projections, with a68 percent gain, even as it still reported a net $4.8 million loss overall. Credit-card firm Visa gained 5.7 percent after topping earnings expectations by 11 cents per share. Kellogg dipped 1.8 percent after reporting an 11 percent decline in profits. The company reaffirmed its full-year profit forecast. -- AFP
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