NST Online Business Times : latest
NST Online Business Times : latest |
| KL shares rebounded to open higher Posted: 13 Jun 2013 06:57 PM PDT Share prices on Bursa Malaysia rebounded this morning from its recent losses, as fund managers took the cue from overnight gains on Wall Street, dealers said. At 9.03am, the FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,752.9, rising 10.03 points after opening 6.54 points higher at 1,749.41 in early trading today. HwangDBS Vickers Research said that a relief rebound was in store for Asian equities today. This follows an overnight bounce on Wall Street which saw its leading indices jumping between 1.2 per cent and 1.5 per cent amid expectations that the Federal Reserve might not be tapering its quantitative easing programme anytime soon.
"After losing 44.9 points or 2.5 per cent in three days, the benchmark index could recover to overcome its immediate support-turned-resistance line of 1,750 points ahead," it said in a research note. On the scoreboard, the Finance Index rose 67.94 points to 16,621.7, the Industrial Index perked 27.01 points to 3,009.69 and the Plantation Index gained 9.3 points to 8,265.45. The FBM Emas Index garnered 71.32 points to 12,201.94, the FBMT100 advanced 71.52 points to 11,963.04, the FBM Mid 70 Index chalked up 96.51 points to 14,062.53 and the FBM Ace Index surged 35.61 points to 4,696.27. Market breadth was positive as gainers thumped losers 225 to 25, with 70 counters unchanged, 1,263 untraded and 19 suspended. Turnover stood at 62.953 million shares worth RM43.558 million. Among actives, Eti Tech Corp inched up half-a-sen to 11.5 sen, Naim Indah gained 1.5 sen to 17.5 sen and Malton improved four sen to 94.5 sen. For heavyweights, Maybank added 12 sen to RM10.16, CIMB earned two sen to RM8.15, Sime Darby rose nine sen to RM9.55 and Petronas Chemicals garnered four sen to RM6.40. However, Axiata Group was flat at RM6.48.-- Bernama |
| Ringgit opens firmer on renewed risk appetite Posted: 13 Jun 2013 07:00 PM PDT The ringgit opened firmer against the US dollar in early trading Friday on renewed risk appetite backed by improved market sentiments, dealers said. At 9.15am, the local unit was quoted at 3.1195/1225 vis-a-vis the US dollar's 3.1320/1350 close at 5pm Thursday. A currency dealer said global foreign exchange markets received a boost following the release of the better-than-expected economic data in the US, coupled with speculations that the Federal Reserve will announce plans to maintain the record low interest rates. Against other major currencies, the ringgit was also traded higher.
It appreciated against the British pound to 4.9014/9070 from yesterday's 4.9038/9100 close and rose against the euro to 4.1695/1742 from Thursday's close at 4.1775/1818.-- Bernama |
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