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Business 01 Jan 2003 | 12:00 AM

KLSE ends 2002 with a whimper, Maybank top loser

THE last trading day of 2002 saw the KLSE Composite Index (CI) closing not with a bang, but with a whimper. The much anticipated last minute window-dressing activities failed to make an impact. Instead heavyweight Maybank #150; a key component stock of the CI #150; lost 45 sen, dragging the market down.

AseanPlus News 01 Jan 2003 | 12:00 AM

South Koreans hold huge anti-US protest rally

In the latest of a series of rallies, over 20,000 South Koreans holding candles gathered in downtown Seoul on New Year#8217;s Eve to protest the deaths of two teenage girls hit by a US armoured military vehicle.

AseanPlus News 02 Jan 2003 | 12:00 AM

Pyongyang vows to confront Washington

B>SEOUL:/BShowing no willingness to ease tensions over its nuclear weapons programme, North Korea vowed yesterday to build an army-based #8220;powerful nation#8221; and defy pressure from the United States.

AseanPlus News 02 Jan 2003 | 12:00 AM

North Korea looks to South for backing

B>SEOUL: /B>Seeing an opportunity in widespread anti-American sentiment in South Korea, North Korea urged the South yesterday to prevent war by backing the North in its confrontation with the United States over nuclear weapons development.

Business 03 Jan 2003 | 12:00 AM

Average lending rates likely to decline, says SJ Securities

AVERAGE lending rates are expected to come off slightly, which is not surprising as focus of loans growth is retail driven, said SJ Securities research head Anthony Dass.

Business 03 Jan 2003 | 12:00 AM

KLSE gets off to a rocky start

THE KLSE got off to a rocky start in the first trading day of the year as window-dressing activities that had lent support to the market in recent weeks apparently disappeared. The Composite Index (CI ) skidded nearly 14 points or 2.15% to 632.4 yesterday, as investors sold down their holdings, on heightened fears of war between the US and Iraq.

AseanPlus News 03 Jan 2003 | 12:00 AM

S. Korea trying to defuse tension

B>SEOUL:/BSouth Korea promised to step up efforts to defuse tension over North Korea#8217;s nuclear programme yesterday amid a flurry of international diplomacy involving the United States and other regional powers.

Business 04 Jan 2003 | 12:00 AM

Fighting the Bears

Will it hurt to look at the stock market in 2003? What are the stocks worth putting your money in?

Business 04 Jan 2003 | 12:00 AM

How high can it go?

ASK around.It is a foregone conclusion that the local stock market is currently not too far off its lowest ebb. The mostpertinent question is how high can the Kuala Lumpur Composite Index (CI)go in 2003?

Business 04 Jan 2003 | 12:00 AM

Market to trade within tight band

Trading for the weeks ahead in the local bourse is expected to continue to remain subdued until February as all eyes remain on the developments in the US-Iraq conflict.