Archive for April, 2013

Ringgit slightly higher against greenback

Tuesday, April 30th, 2013

RINGGIT KUALA LUMPUR: The ringgit closed slightly higher against the US dollar in the late session yesterday on better demand for the local note, dealers said. The ringgit was quoted at 3.0315/0345 to the greenback against Friday’s close of 3.0330/0375. The dealer said investors were continuing to reduce their exposure to the US dollar. This […]

PNB finds buyer for Sime Darby’s non-core assets

Tuesday, April 30th, 2013

PERMODALAN Nasional Bhd (PNB) has found a suitor to buy the non-core assets of Sime Darby Bhd, said its president and chief executive officer Hamad Kama Piah Che Othman. He told Business Times after the closing of the Malaysia Unit Trust Week (MSAM) here on Saturday that an announcement will be made soon. Last year, […]

Palm futures close sharply lower

Tuesday, April 30th, 2013

CPO FUTURES KUALA LUMPUR: The crude palm oil (CPO) futures contract ended sharply lower yesterday amid prospects of weak export estimation data for April, dealers said. Phillip Futures Sdn Bhd investment analyst David Ng said traders remained cautious ahead of the export data, expected to be released today by Cargo surveyors Intertek Testing Services and […]

Will Silver Bird fly again? (Star)

Monday, April 29th, 2013

 SHAH ALAM: Despite its financial troubles, Silver Bird Group Bhd expects to break even operationally in about six months, said chairman Datuk Dr Gan Khuan Poh. “Our first priority is to break even so we can cover our costs, which would allow us to be a going concern,” he told the press after the company’s […]

Sell Axiata

Monday, April 29th, 2013

  Axiata Group Bhd (6888) Trading/Services – RM6.30 above: Axiata daily chart (click to enlarge) Chart wise: Axiata’s candles endured a sharp fall yesterday losing 5% of its value. It also marks the end of its stock’s sideway trend as well as breaching the uptrend line. It is, therefore, no surprise that its indicators have […]

MITI investors to buy,

Monday, April 29th, 2013

Any news on Sona so ar? I heard their MITI offering is going to close 30th April.time to invest! – i m very positive about this SONA. Very experienced management team. HOpefully it will do well Lowyat.NET: Latest topics in Stock Exchange

Central banks, data to steer investors

Monday, April 29th, 2013

WITH signs of a slower economy mounting, the near-term outlook for US stocks isn’t rosy, but investors may find comfort this week from the world’s major central banks. The Federal Reserve will meet tomorrow and Wednesday, with the report of weaker-than-expected, first-quarter growth could reinforce expectations the Fed will keep purchasing bonds at a pace […]

Rubber collaboration

Monday, April 29th, 2013

MALAYSIA was once the world’s number one producer and exporter of natural rubber but a few years back, it lost the position to Thailand and Indonesia. Despite the changes, the three countries have continued to work together to keep the industry growing and safeguarding the interest of smallholders. For instance, they agreed to cut exports […]

AmBank poised to challenge intermediate resistance zone

Monday, April 29th, 2013

FIRMER market sentiment on the Wall Street and regional stock markets sent the FTSE Bursa Malaysia KLCI (FBM KLCI) marginally higher for the fifth consecutive week ended on April 26. The index trended within tight trading range of 18.34 points and staged a follow-through rebound to close at 1,711.29 points last Friday. Technical rebound on […]

KL bourse’s consolidation ahead of elections

Monday, April 29th, 2013

THE FTSE Bursa Malaysia KLCI (FBM KLCI) extended its climb a fifth straight week to chart another intraday record high as early investor disappointment over the failure of Petronas to privatise MISC and weaker April PMI data from China were offset by regional strength on yen weakness and after new home sales in US beat […]