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KL shares rebound in early trade Posted: 26 Sep 2012 06:43 PM PDT KUALA LUMPUR: Share prices on Bursa Malaysia rebounded to open higher, lifted by gains in most heavyweight stocks, dealers said. As at 9.15 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 4.39 points better at 1,623.69 after opening 1.8 points higher at 1,621.1. HwangDBS Vickers Research said against a weak external backdrop, Malaysian equities may remain under pressure today. "On the chart, the key FBM KLCI could be swinging sideways with a marginal negative bias as the benchmark index may find immediate support at the 1,600 psychological mark," it said in a research note. On Wall Street, investors' sentiment was hit by growing worries that there was still no solution in sight for the ongoing euro zone financial crisis. "This led US equity indices to slip between 0.6 per cent and 0.8 per cent at the closing bell last night," it added. The Finance Index surged 24.43 points to 14,4466.6, the Plantation Index fell 3.42 points to 8,239.33 and the Industrial Index rose 1.87 points to 2,793. The FBM Emas Index added 27.34 points to 11,015.07, the FBM Mid 70 Index improved 22.27 points to 11,810.08 and the FBM Ace earned 1.97 points to 4,280.39. Gainer led losers 101 to 75 while 140 counters were unchanged, 1,323 untraded and 25 others were suspended. Turnover stood at 47.59 million shares worth RM28.51 million. Actives, Harvest Court advanced one sen to 38.5, Astral Supreme earned half-a-sen to 29 sen, Key West Global shed two sen to 2.5 sen and Inix Technologies eased half-a-sen to 15 sen. Heavyweights, Maybank added four sen to RM8.99, Axiata Group rose two sen to RM6.36 while Sime Darby and CIMB were both flat at RM9.79 and RM7.38, respectively. -- BERNAMA

US stocks slip on eurozone turmoil Posted: 26 Sep 2012 04:48 PM PDT NEW YORK: US stocks sank on Wednesday following the paths of markets in Asia and Europe amid a rise in turmoil in the eurozone. Losses were broad-based, with most tech leaders and Dow blue chips losing ground. At the end of trade, the Dow Jones Industrial Average was down 44.04 points (0.33 percent) at 13,413.51. The S&P 500 lost 8.27 points (0.57 percent) at 1,433.32, while the Nasdaq Composite shed 24.03 points (0.77 percent) at 3,093.70. "European markets were mostly lower coming into the open this morning, and that certainly put downward pressure on our markets," said Joe Bell of Schaeffer's Investment Research. "Some malevolent forces are rearing their ugly head again," said Patrick O'Hare at Briefing.com. "In particular, worries about the eurozone are front and centre as protests over austerity measures flare up in Spain and Greece. Meanwhile, the US equity market seems to be recoiling at the thought that central bank support might not be the saving grace many had hoped it would be." Among large-cap shares, Bank of America slipped 1.2 percent, American Express 1.7 percent, Apple 0.9 percent and Oracle 1.9 percent. Struggling Hewlett-Packard bucked the trend and added 2.4 percent after losing ground for a week. BlackBerry maker Research in Motion surged 6.1 percent after saying it had added two million new subscribers since June, holding on in its fight against rival smartphone makers. Yahoo! fell 0.4 percent to US$15.68 a day after new chief executive Marissa Mayer spelled out the company's mission to staff and announced a new chief financial officer. Troubled electronics chain RadioShack gained 1.6 percent a day after the company sacked its chief executive and launched a search for a new leader. Electric sports car maker Tesla fell 0.4 percent after its revelation on Tuesday of being well behind on its production schedule. -- AFP

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THE RACE: Obama, Romney blast replacement NFL refs - The Associated Press Posted: 26 Sep 2012 08:56 AM PDT THE RACE: Obama, Romney blast replacement NFL refs By TOM RAUM, Associated Press – 11 minutes ago  President Barack Obama and Republican Mitt Romney are crisscrossing Ohio's prime swing-state turf with opposing views on almost everything under the sun. But they seem to agree on throwing a penalty flag on a shared gripe: those unpredictable replacement NFL referees. And they're sure to find bipartisan agreement from hordes of voters. "NFL fans on both sides of the aisle hope the refs' lockout is settled soon. -bo," Obama tweeted. Romney echoed the sentiment. "I'd sure like to see some experienced referees with NFL experience come back," he said. Both were referring to the use of replacement referees by the National Football League during its lock-out of regular officials since June. Frustration simmering throughout the league and among fans for weeks exploded when a mistake by a replacement official decided the outcome of a televised Monday night football game between the Green Bay Packers and Seattle Seahawks — in the Seahawks' favor. A last-second pile-up in the end zone was ruled a touchdown for the Seahawks, even though Packers players, their fans and much of the football-watching public saw a clear-cut interception by Green Bay. Among the irate Packers fans was Wisconsin Rep. Paul Ryan, the Republican vice presidential nominee. "I mean give me a break," Ryan said while campaigning in Cincinnati. He called the ruling "really troubling" and cracked that "I half-think these refs work part-time for the Obama administration in the Budget Office." With polls showing an Obama edge in Ohio, both presidential candidates were busy there on Wednesday. During a bus-tour stop in Westerville, Romney predicted that the $16 trillion national debt would swell to almost $20 trillion if Obama wins. It was Romney's 10th visit to Ohio since clinching his party's nomination in May. Obama, on his 13th visit this year, had events in Bowling Green and Kent. Follow Tom Raum on Twitter: http://www.twitter.com/tomraum. For more AP political coverage, look for the 2012 Presidential Race in AP Mobile's Big Stories section. Also follow https://twitter.com/APcampaign and AP journalists covering the campaign: https://twitter.com/AP/ap-campaign-2012 Copyright © 2012 The Associated Press. All rights reserved.

Iranian president accuses West of intimidation in UN address - CNN Posted: 26 Sep 2012 09:08 AM PDT Mahmoud Ahmadinejad, president of Iran, takes a seat with his delegation during the 67th session of the United Nations General Assembly on Wednesday, September 26, in New York. The event gathers more than 100 heads of state and government for high-level meetings on nuclear safety, regional conflicts, health and nutrition, and environment issues. President of the Republic of Liberia Ellen Johnson-Sirleaf sits after addressing world leaders on Wednesday. French President Francois Hollande, left, and his Egyptian counterpart, Mohamed Morsy, talk during a bilateral meeting on Tuesday, September 25. Sheikh Hamad bin Khalifa Al Thani, emir of Qatar, arrives to address the U.N. General Assembly on Tuesday. Brazilian President Dilma Vana Rousseff delivers her address to the General Assembly on Tuesday. The president of Libya's parliament, Mohamed al-Magariaf, attends Tuesday's speeches. United Nations Secretary-General Ban Ki-moon, standing, makes a toast during a luncheon on Tuesday as U.S. Secretary of State Hillary Clinton, left, looks on. Indonesia's President Susilo Bambang Yudhoyono waits to address the General Assembly on Tuesday. U.S. President Barack Obama addresses the United Nations General Assembly on Tuesday, September 25, in New York. Obama speaks at the assembly on Tuesday. U.S. first lady Michelle Obama, center, listens to her husband speak on Tuesday. Afghan President Hamid Karzai attends Tuesday's speeches. U.N. General Secretary Ban Ki-moon, second left, arrives on Tuesday. Afghan President Hamid Karzai, center, arrives on Tuesday. Palestinian Authority President Mahmoud Abbas, center, arrives at the United Nations on Tuesday. HIDE CAPTION World leaders at the U.N. General Assembly World leaders at the U.N. General Assembly World leaders at the U.N. General Assembly World leaders at the U.N. General Assembly World leaders at the U.N. General Assembly World leaders at the U.N. General Assembly World leaders at the U.N. General Assembly World leaders at the U.N. General Assembly World leaders at the U.N. General Assembly World leaders at the U.N. General Assembly World leaders at the U.N. General Assembly World leaders at the U.N. General Assembly World leaders at the U.N. General Assembly World leaders at the U.N. General Assembly World leaders at the U.N. General Assembly << < 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 > >> STORY HIGHLIGHTS NEW: Ahmadinejad says world powers are seeking to intimidate Iran and other nations The U.S. delegation "has decided not to attend" Ahmadinejad's speech He stirred controversy at the session when he said Israel has "no roots" in the Middle East U.S. will do what's needed to stop Iran from getting nuclear arms, Obama said Tuesday (CNN) -- Iranian President Mahmoud Ahmadinejad said his nation was committed to peace and accused world powers of double standards in pursuing an arms race, as he took to the stage Wednesday at the United Nations. The address by the Iranian president on day two of the United Nations General Debate was widely expected to prove contentious, given his history of controversial statements. Speaking from the assembly's iconic green marble podium Wednesday for the eighth and last time, Ahmadinejad told delegates that Iran has a "global vision and welcomes any effort intended to provide and promote peace, stability and tranquility" in the world. However, an "arms race and intimidation by nuclear weapons and weapons of mass destruction by the hegemonic powers have become prevalent," he said, and Iran finds itself under threat from world powers seeking to impose their views. "Continued threat by the uncivilized Zionists to resort to military action against our great nation is a clear example of this bitter reality," he said. "A state of mistrust has cast its shadow on the international relations, whilst there is no trusted or just authority to help resolve world conflicts." The place set aside for the U.S. delegation was empty as Ahmadinejad spoke. The U.S. delegation "decided not to attend" Ahmadinejad's speech, according to Erin Pelton, a spokeswoman for the U.S. Mission to the United Nations. "Over the past couple of days, we've seen Mr. Ahmadinejad once again use his trip to the U.N. not to address the legitimate aspirations of the Iranian people, but to instead spout paranoid theories and repulsive slurs against Israel." Ahmadinejad was widely expected to serve up a rebuttal to a series of sharp jabs from Western leaders Tuesday, who accused him of fostering instability in the region by way of Iran's nuclear program and support of embattled Syrian President Bashar al-Assad. While Iranian leaders say their nuclear program is for peaceful purposes, Western leaders believe Tehran wants to build a nuclear weapon. U.N. inspectors also have expressed doubts about the program's aims. Ahmadinejad told delegates that the United Nations should be restructured, noting that many pressing global issues are the result of mismanagement, and that "self-proclaimed centers of power ... have entrusted themselves to the devil." The world is at a "historic juncture" now that Marxist systems are virtually gone and "capitalism is bogged down in a self-made quagmire," he said, which could allow for other nations to "play a more active role" in global decision making. Ahmadinejad's speech was not as provocative as some had predicted. Nonetheless, as he spoke, there was a demonstration against Iran outside the United Nations, with former New York Mayor Rudy Giuliani among the speakers. Earlier this week, the Iranian president stirred controversy at the session when he declared that Israel has "no roots" in the Middle East. President Barack Obama, who's campaigning for re-election, blasted Ahmadinejad the following day, suggesting that Iran and Syria are on the losing end of a sweeping tide of democracy in the region. The United States "will do what we must to prevent Iran from obtaining a nuclear weapon," Obama said, reminding other leaders in attendance that a "nuclear-armed Iran is not a challenge that can be contained." World leaders this week have discussed a range of issues like poverty, global warming, women's empowerment and the prospect of renewed conflicts in sub-Saharan Africa, but the Syrian civil war and violence in the Middle East and North Africa are expected to continue to dominate the proceedings. Before Ahmadinejad's speech, Yemeni President Abdu Rabu Mansour Hadi took the podium Wednesday, reaffirming his nation's commitment to the fight against Islamic militants. He offered to talk with extremist groups, including al Qaeda, provided they put down their weapons and repent. Meanwhile, U.N. Secretary-General Ban Ki-moon sought to keep world attention focused on the worsening crisis in North Africa's Sahel region, which has been plagued by a deadly mix of drought, famine and Islamic militancy. "The Sahel is at a critical juncture," he said Wednesday. "Political turmoil, extreme climatic conditions and fragile economies are combining to create a perfect storm of vulnerability." "The people and governments of the region need urgent international support," he added. 0 Comments » Print Email More sharing

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Felda Global gets 'market perform' call Posted: 25 Sep 2012 06:41 PM PDT RHB Research initiated coverage of Felda Global Ventures Holdings Bhd with a "market perform" rating and target price of RM5, a small premium to the stock's last closing price of RM4.88. "We initiate coverage on Felda with this recommendation due to its relatively sober earnings growth and our downward projections for crude palm oil (CPO) prices, and similarly unexciting valuations," RHB Research said on Wednesday. RHB projects a three-year compound annual growth rate (CAGR) of 4.9 percent for Felda. It expects 1.3 percent growth for the current year and 6.4 percent to 7.1 percent for the next two years. It adds that Felda's disposal of non-core and non-performing assets, which are weighing earnings down, may be the catalyst for a rerating. Felda has been on a downward trend since its debut on the local bourse late July, last closing 10 percent lower than its initial offer price. The company's US$3.1 billion initial public offering was the biggest in Asia this year. Felda shares were trading 0.21 percent lower at RM4.83. -- REUTERS

Ho Wah surges on RM800m contracts Posted: 25 Sep 2012 07:18 PM PDT Shares in Ho Wah Genting Bhd climbed as much as 4.64 percent to RM0.34 on Wednesday after one of its units won RM800 million (US$260.50 million) contracts from two Japanese firms. Ho Wah said on Tuesday MyLed Opto Tech Sdn Bhd, a light emitting diode (LED) maker in which it owns 51 percent, secured the contracts from Japan's Kirutorisu Tech and Atotis Co Ltd, marking the company's venture into the Japanese vending machine market. -- Reuters

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Obama Defends Mideast Policy at UN - Wall Street Journal Posted: 25 Sep 2012 09:12 AM PDT BY CAROL E. LEE,AND JAY SOLOMON UNITED NATIONS—President Barack Obama, in an address to the annual meeting of the United Nations General Assembly, confronted a series of foreign-policy concerns that have become central in a U.S. presidential campaign that has been largely focused on the economy. Mr. Obama, under pressure from his Republican opponent in the November election, defended his handling of the political uprisings sweeping the Middle East and stressed that his administration would continue to support the push for democracy in the Arab world, regardless of short-term challenges. "Even as there will be huge challenges that come with a transition to democracy, I am ...

NFL: League facing fury over referees' "Hail Mary" call - Reuters Posted: 25 Sep 2012 08:55 AM PDT By Simon Evans Tue Sep 25, 2012 12:07pm EDT (Reuters) - NFL fans took to the airwaves, social media and the streets on Tuesday to vent their anger over a controversial refereeing decision which handed the Seattle Seahawks victory over the Green Bay Packers. The NFL is using replacement referees from the lower ranks of college and semi-professional football during a lockout of regular officials caused by a dispute over a new contract. While the replacements have been criticized throughout the first three weeks of the season for perceived indecisive and confusing calls, unprecedented levels of frustration spilled over after Monday's prime time game. Trailing 12-7 with seconds left on the clock, the Seahawks were facing a fourth down on the Packers' 24-yard line and rookie quarterback Russell Wilson heaved a 'Hail Mary' pass into the end zone. Seahawks receiver Golden Tate pushed off on Packers cornerback Sam Shields with what looked a clear case of offensive pass interference before he rose to attempt to challenge Green Bay's M.D. Jennings. Jennings appeared to have caught and gained control of the ball before Tate's hands made contact with it but as they fell to the ground the two referees close by made differing calls - one ruled a touchdown and the other an interception. The ruling on the field was touchdown by simultaneous catch and was upheld after being sent up for video review - with some confusion about whether the NFL's byzantine rules allow for a review of a 'simultaneous' catch. The Packers players fired off protests on Twitter with wide receiver Greg Jennings tweeting: "NFL C'mon Man! Can't even be upset anymore. All I can do is laugh. Laugh at the NFL for allowing America's game to come (to) this". Other players used stronger language to express their feelings while fans flooded sports radio stations to protest and the media in Wisconsin backed their view. "Grand Larceny" declared the Oshkosh Northwestern while even the Seattle Times hinted at some sympathy with their rivals, their front page headline stating "Hawks steal one". On Tuesday some Packers fans gathered outside Lambeau Field to protest while passing drivers hooted in support of placards declaring "We Were Robbed" and "Speechless in Seattle". "We're trying to get the (original) refs back. With the refs that we have now, they're not qualified to do the job like the other refs are. They're high school and college officials," one of the protesters, Seth Wagnitz, told the Green Bay Press Gazette. "We really need the refs back because now it has cost us a game and that shouldn't be happening," he added. STATEMENT DUE Politicians were also quick to join the outrage. New Jersey state Senate President Stephen Sweeney said in a statement that he plans to introduce legislation prohibiting the playing of professional sporting events with replacement officials. "This past weekend in the NFL has not only made a mockery of a great sport, but shined a very bright light on how important fully trained and professional officiating is to player safety," said Sweeney. "We wouldn't allow a factory or construction site to operate without fully trained supervisors on hand to ensure the safety of employees. Why should we do anything differently when the job site is a playing field?" NFL commissioner Roger Goodell's office telephone number was circulated on Twitter by a Wisconsin State Senator Jon Erpenbach who urged fans to "leave a message". Wisconsin Republican Governor Scott Walker called via Twitter for the locked-out referees to be brought back. However, it is by no means only Packers fans who have raised criticism of the NFL for allowing under-qualified officials to take charge of games. From LeBron James and Dirk Nowitzki of the NBA to actor Samuel L.Jackson, social media sites were full of opinion, most of it highly critical of the referees and the NFL for allowing them to be in charge. NFL.com reported the NFL will make a statement on the incident later on Tuesday. (Editing by Mark Meadows)

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Public Invt starts Parkson with 'outperform' Posted: 24 Sep 2012 07:23 PM PDT Public Investment Bank initiated coverage on department store group Parkson Holdings Bhd with an "outperform" call and a target price of RM5.73 per share, citing a strong growth outlook. Public Investment expects Parkson to report a bullish 10 percent compounded annual growth in 2013 financial year despite negative global sentiments. Parkson's growth will be underpinned by its strategic expansion plans and resilient concessionaire-based business model, the research house said in a note on Tuesday. Parkson shares were up 1.29 percent, outperforming the Malaysian benchmark stock index's 0.45 percent drop. -- REUTERS

New incentives for developers proposed Posted: 24 Sep 2012 07:07 PM PDT The government should consider giving more attractive incentives for property developers to install solar panels in new homes as a step towards fostering the development of green buildings, a construction industry player said. ATSA Architects' chief executive officer, AR Azim A Aziz, said the government through the 2013 Budget could introduce new incentives in place of present incentives given to developers for the use of green materials including solar panels that could meet the feed-in-tariff requirement. "There is a lot more potential in feed-in-tariff, but not many people can afford to put up RM44,000, the initial setup cost, on their roof," he told Bernama in an interview today. Although the price of solar panels has dropped more than 45 per cent in the last two years, the RM44,000 initial setup cost for 16 solar panels and supporting equipment is still considered high among common people, he said. He said with Real Estate and Housing Developers' Association estimating 100,000 new houses to be built every year, any incentive to the developers could provide an immediate effect to the country's energy supply. Azim said the feed-in-tariff, which is managed by Sustainable Energy Development Authority (SEDA), is a good idea to encourage people embracing the green lifestyle. He said a set of solar panels comprising 16 solar panels could generate three kilowatt per hour (kWh) of electricity and with SEDA paying RM1.49 per kWh, this will give the owner a passive income of RM600 per month and around five years to break-even the initial cost. "SEDA is offering a contract of 21 years, which means that the owner can have 16 years of passive income while living a green lifestyle," he said. Aziz said another way to hasten the acceptance of feed-in-tariff is through banks which can provide the initial capital. He said banks could provide loan schemes for purchasing solar panels and related equipment, similar to the hire purchase schemes for buying cars. "Banks have to be readily involved to make sure the people can afford to place the solar panel at their homes," he said. He said the schemes could be in the form of loans, hire purchase etc. Aziz said with Malaysia strategically located under the sun belt, one of the best areas in harvesting the sun's energy, the country receives an average of 3.5 hours of sunlight every day making it a suitable place to implement solar-based technology. Emphasizing on the importance of green lifestyle, he said as a developing nation, the population was growing and this would exert pressure and natural resources would become more scarce. The population is estimated to double to 57 million people in 2090 when natural resources and even food are expected to be no longer plentiful. "We cannot go on building as we did in the past or living as how we lived in the past. We must contribute to reducing green house gases and energy consumption over the years," he said. Bernama

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In dueling '60 Minutes' interviews, Romney and Obama make their pitches to voters - Washington Post Posted: 24 Sep 2012 09:22 AM PDT On the heels of perhaps his roughest week yet in his bid for the White House, and with swing-state polls showing President Obama gaining ground, GOP presidential nominee Mitt Romney brushed aside the notion that his campaign is struggling in a "60 Minutes" interview that aired Sunday. "Well, it doesn't need a turnaround," Romney told "60 Minutes" host Scott Pelley. "We've got a campaign which is tied with an incumbent president to the United States. . . . I've got a very effective campaign. It's doing a very good job. But not everything I say is elegant. And I want to make it very clear. I want to help a hundred percent of the American people."

Emmys 2012: What's the verdict? - CNN (blog) Posted: 24 Sep 2012 08:35 AM PDT The reaction to the 64th Primetime Emmy Awards has to be split into three categories: The fashion; the entertainment factor, which often rests on the shoulders of the host; and whether those who deserved to win did. On the fashion end of things, everyone's still salivating over Sofia Vergara's dress, and as far as entertainment value, the 64th Primetime Emmys wasn't half-bad with Jimmy Kimmel as host. Sure, it wasn't the best awards show we've ever seen - Kimmel's routine, we thought, was uneven - but it did end on time (few winners were allowed to stay on the stage long before the music started up). The awards? That's a different story. The Atlantic's Kevin Fallon felt that Jon Stewart - the resident provider of the evening's f-bomb - summed up the awards ceremony when he noted in his acceptance speech for outstanding variety program how predictable the Emmys have become. "Modern Family" still wins the comedy awards, Claire Danes is still a favorite, and so are "The Amazing Race" and "The Daily Show with Jon Stewart." "As entertainment, this year's Emmy Awards telecast was quite good ... But as an awards show, this year's Emmy Awards was unforgivably boring," Fallon said. "Did you miss this year's telecast? If you watched last year's, there's no need to feel bad. You've already seen Sunday night's ceremony." For The Los Angeles Times, "the show was flavored with a taste of deja vu." But both Entertainment Weekly's Ken Tucker and The Washington Post's Lisa de Moraes found a few fresh things. From Kimmel's opening segment, de Moraes said, to Jon Cryer's win in the lead comedy actor category, "Sunday's Emmyscast was, in fact, loaded with surprises." Who saw "Homeland" sneaking up to grab the outstanding drama title from "Mad Men," de Moraes continued, or "thought Damian Lewis would prove Bryan Cranston's Kryptonite?" EW's Tucker found, with the biggest surprise for him being the "near shutout of 'Downton Abbey,'" that "all in all, it was a nicely lurching, damnably unpredictable Emmy Awards show, good for viewing if quite decimating for my predictions." For the naysayers still confused over how the same names win year after year after year, USA Today's Robert Bianco counters that repetitive doesn't mean unearned. "Yes, many of the wins were predictable - 'Modern Family,' 'Homeland,' Damian Lewis, Claire Danes, Maggie Smith, Julie Bowen, 'The Amazing Race' and Louis C.K. among them - but they were predictable precisely because they were so well-deserved," Bianco asserts. "What, should the voters pick lesser winners just so we'd be surprised?" As for Kimmel, Bianco wasn't as satisfied, saying that while the "Jimmy Kimmel Live" host is a funny guy "in the right time and place," the 64th Primetime Emmys wasn't it. What'd you think of the ceremony, and what's your verdict on Jimmy Kimmel as Emmys host?

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Public Invt starts Maxis with 'neutral' Posted: 23 Sep 2012 07:31 PM PDT Public Investment Bank initiated coverage of Maxis Bhd, the country's largest mobile phone operator, with a "neutral" rating and a target price of RM7.26 per share, citing dismal growth prospects due to narrowing profit margins. "Though we acknowledge progressive growth from the non-voice segment, we think Maxis' strategy of offering more competitive voice packages for the sake of reclaiming its subscriber losses will eventually depress its margins," Public Investment said in a note. However, the research house said Maxis' downside risks will be cushioned by its dividend yield of 40 sen per share. Maxis shares slipped 1.02 percent against the Malaysian benchmark stock index's 0.86 percent fall. -- Reuters

KL shares sharply lower in early trade Posted: 23 Sep 2012 07:29 PM PDT Share prices on Bursa Malaysia open sharply lower in early trading Monday in tandem with declines in share prices in regional markets, weighed down by lingering concerns over the eurozone debt crisis, dealers said. As at 9.10 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) lost 26.49 points to 1,597.21 after opening 9.35 points lower at 1,614.35. The Finance Index plunged 174.05 points to 14,428.57, the Plantation Index dipped 48.681 points to 8,230.60 and the Industrial Index dwindled 26.42 points to 2,776.42. The FBM Emas Index fell 134.22 points to 10,914.45, the FBM Mid 70 Index declined 19.729 points to 11,962.40, while the FBM Ace shed 4.17 points to 4,234.31. Losers led gainers by 127 to 49 while 107 counters were unchanged, 1,356 untraded and 24 others suspended. Turnover stood at 49.96 million shares worth RM40.52 million. Among the actives, Hubline, Hubline Bhd-ordinary rights and I-Power were unchanged at six sen, half a sen and 8.5 sen. Ho Wah Genting slid 1.5 sen to 34.5 sen. Among the heavyweights, Maybank slipped five sen to RM9.10, Sime Darby lost 16 sen to RM9.63, CIMB Group shed 19 sen to RM7.34 and Petronas Chemicals slid 15 sen to RM6.39. -- BERNAMA

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