NST Online Business Times : latest

Posted: 16 Jun 2013 06:55 PM PDT

The ringgit was traded lower against the US dollar in early trading today on selling of the foreign currency as news of
the US trimming on its stimulus measures undermined sentiments in the financial markets, dealers said.

There are also concerns that there will be less money circulating in emerging markets, they said.

The ringgit was quoted at 3.1200/1230 from 3.1130/1160 against a US dollar on Friday.

The local currency was trader easier against the Singapore dollar at 2.4912/4946 from 2.4840/4884 Friday and was also lower against the yen at 3.2932/2978 from 3.2762/2797 last week.

The ringgit also weakened against the euro at 4.1602/1648 from 4.1481/1527 and depreciated against the British pound at 4.9018/9069 from 4.8631/8688 Friday.-- Bernama

KL shares slip further in early trading

Posted: 16 Jun 2013 06:53 PM PDT

Share prices on Bursa Malaysia slipped further in early trading today, continuing from last week's losses as investors took the cue from further downtrend on Wall Street last Friday, dealers said.

Ten minutes after opening, the FTSE Bursa Malaysia KLCI (FBM KLCI) declined 2.63 points to 1,759.56 from Friday's close at 1,762.19.

HwangDBS Vickers Research said negative vibes from the global equity markets may spill over to Asian equities today.

On Friday, the Wall Street, which ended in the red, saw leading US equity indices down between 0.6 per cent and 0.7 per cent at closing, renewed concerns of a premature withdrawal of monetary stimulus by the Federal Reserve, it said.

"Back home, the key FBM KLCI could surrender parts of its 19.3-point gain chalked up last Friday. However, from a technical perspective, we reckon the benchmark index will likely find intermediate support at the 1,750 level," said the research house in a note today.

On the scoreboard, the Finance Index was 31.371 points lower at 16,637.43, the Industrial Index eased 2.18 points to 3,001.33 and the Plantation Index lost 29.5 points to 8,370.82.

The FBM Emas Index shed 15.631 points to 12,235.52, the FBMT100 dwindled 15.96 points to 11,995.05, the FBM Mid 70 Index eased 10.87 points to 14,045.89 while the FBM Ace Index rose 21.72 points to 4,775.99.

It was thin trading at the bourse with gainers leading losers by 93 to 91, with 137 counters unchanged, 1,262 untraded and 19 suspended.

Turnover stood at 81.288 million shares worth RM32.275 million.

Among actives, Patimas Computers and Sycal Ventures were both unchanged at five sen and 41 sen, respectively, while Eti Tech Corporation lost one sen to 8.5 sen.

Heavyweights, Maybank declined four sen to RM10.14, CIMB eased five sen to RM8.12 while Sime Darby was unchanged at RM9.53.

Axiata Group gained one sen to RM6.63.-- Bernama

Kredit: www.nst.com.my

Ahad, 16 Jun 2013

NST Online Business Times : latest

NST Online Business Times : latest

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