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Global shares, oil fall on fears of U.S. "fiscal cliff"
NEW YORK: A seven-day rally in world shares came to a halt and commodity prices slipped on Thursday after negotiations over the U.S. fiscal cliff hit a wall, with both Republicans and the White House voicing frustration at the lack of progress.
Asian shares rise, yen falls after Fed's stimulus steps
Asian shares extended gains for a seventh day on Thursday, after the US Federal Reserve took new stimulus steps to bolster the economy, pressuring the yen with expectations the Japanese central bank will follow suit with more easing next week.
S P Setia sets RM5.5bil 2013 sales target
KUALA LUMPUR: Fresh from achieving a record-breaking sales of RM4.23bil for its financial year ended Oct 31, 2012, S P Setia Bhd president and chief executive officer Tan Sri Liew Kee Sin is setting another ambitious target for 2013 – RM5.5bil in total sales.
Analysts: Stocks will suffer if Barisan fails in polls
KUALA LUMPUR: Stocks on the Bursa Malaysia will fall if Barisan Nasional loses more seats in the general election, say international market analysts.
Malaysian stocks expected to stay firm this week
THE FTSE Bursa Malaysia KLCI (FBM KLCI) is expected to stay firm this week on positive external developments and firmer commodities prices, a dealer said.
Good time to buy SP Setia
PETALING JAYA: Property developer SP Setia Bhd, whose share price has come off rapidly over recent weeks as its shares are being removed from the MSCI Malaysia Index today, may now be cheap enough to pick up.
Genting, banks lift Malaysian blue chips at midday
Genting Bhd and banks lifted the FBM KLCI at midday on Friday, in line with the firmer key regional indices while the broader market was mixed.
KLCI wraps up volatile November, down nearly 65 points
Blue chips closed higher on Friday, after a volatile month of November which saw the FBM KLCI hitting an all-time closing high of 1,675.69 on the first day and then sliding most of the month to below the key 1,600 level.
Asian shares end seven-day winning streak
Asian shares ended a seven-day winning streak on Wednesday and commodities eased as investors fretted that lack of progress in talks on U.S. budget woes risked putting the world's largest economy into recession.
BAT, CIMB, DiGi drag KLCI into the red
Malaysian blue chips were in the red at midday on Monday, dragged down by BAT, CIMB and DiGi as local investors decided to stay on the sidelines while the selling could be mostly by foreign funds.
