21st March 2013

GOOD MORNING BC......

morning !

umw going to huat with Toyota GTR Lancer

[You must be registered and logged in to see this image.]

GLOBAL MARKETS-Asian shares edge higher after Fed keeps stimulus
Business & Markets 2013
Written by Reuters
Thursday, 21 March 2013 08:30


A + / A - / Reset
TOKYO (March 21): Asian shares inched higher and the dollar was underpinned on Thursday after the U.S. Federal Reserve maintained its commitment to a very accommodative monetary stance, and market nerves over the Cyprus bailout wrangling calmed.

The Fed ended a two-day meeting on Wednesday with a pledge to keep its aggressive policy stimulus despite improvements in the U.S. economy, pointing to still-high unemployment, fiscal headwinds out of Washington and risks from abroad.

Fed Chairman Ben Bernanke said the central bank might slow the pace of its bond buying but only after the labour market showed sustained improvement over a number of months.

"There will be reasonable U.S. economic growth this year and the unemployment rate will drift lower. But neither will be sufficient to induce the Fed to take its foot off the gas. The open-ended QE program is set to run into early 2014 at the very least," said Martin McMahon, economist at Commonwealth Bank.

The MSCI's broadest index of Asia-Pacific shares outside Japan, was up 0.2 percent while Australian shares added 0.5 percent. South Korean shares opened up 0.5 percent.

U.S. stocks rose, and European shares broke a three-day losing streak on Wednesday as investors bet on policymakers finding a fix for a Cyprus bailout.

Cyprus considered nationalising pension funds and ordered banks to stay shut till next week to avert financial chaos after it rejected the terms of a European Union bailout and turned to Russia for aid. Crisis talks among the political leadership in Nicosia are set to resume on Thursday.

Markets were also looking to comments by the European Central Bank, which has said it will provide liquidity to Cypriot banks within certain limits.

"Market participants are probably right to expect a resolution of the immediate crisis that does not destabilize broader European and global financial markets," Barclays Capital said of bailout prospects for Cyprus.

"But the shape of such a compromise is not easy to imagine, and until one emerges, investors had better keep an eye or two on the eastern Mediterranean," it said.

Barclays noted there were still risks the euro zone may opt to keep Cyprus on financial lifeline indefinitely, without taking steps to ensure long-run sustainability, or force the island state out of the euro zone.

The dollar was up 0.1 percent against a basket of major currencies, and the euro stabilised around $1.2937 , off a four-month low of $1.28435 hit on Tuesday. The dollar was around 95.92 against the yen.

Japan's Nikkei stock average opened 1 percent higher. Japanese financial markets were closed on Wednesday for a holiday.

Market reaction was limited to data showing Japanese exports fell 2.9 percent in February from a year earlier, down for the first time in two months, suggesting a pick-up in global demand and a weaker yen have yet to fully benefit the country's exports.

Traders eyed China's manufacturing sector data due later in the day for clues on the fragile state of recovery in the world's second-largest economy. In February, the survey by HSBC showed factory activity in Asia's biggest economy grew at its slowest pace in four months.

U.S. crude futures fell 0.3 percent to $93.27 a barrel.

selamat pagi traders

peanut wrote:selamat pagi traders

pagi-pagi

good morning everyone, school holiday cuming, and once again, i hv more time to watch the market live

Cals wrote:

peanut wrote:selamat pagi traders

pagi-pagi

MAA nampak mcm strong ....

leecs1978 wrote:good morning everyone, school holiday cuming, and once again, i hv more time to watch the market live

selamat pagi

leecs1978 wrote:good morning everyone, school holiday cuming, and once again, i hv more time to watch the market live

why? dont need to send the kids?

uemland, ioi , pohuat panasss

tenaga vrooooooooooommmmmmmm

muhibbah

morrning

IBHD ... hurmmm

JF wrote:morrning

morning

tebrau like [You must be registered and logged in to see this image.]

WCT [You must be registered and logged in to see this image.]

uemland second round

wah ZELAN

Market Open Regional sentiment helps KLCI extend gains
Business & Markets 2013
Written by Chong Jin Hun of theedgemalaysia.com
Thursday, 21 March 2013 09:23


A + / A - / Reset
KUALA LUMPUR (Mar 21): The FBM KLCI extended gains in early trade in tandem with Asian markets following an overnight rise across US equities.

The advance in world stockmarkets came on US policymakers' pledge to maintain an accommodative monetary stance to sustain the world's largest economy. The nation is a major importer of goods from emerging Asian markets, including Malaysia.

At 9.06am, the 30-stock KLCI rose 1.76 points or 0.1% to 1,633.3, helped by gains in selected blue-chip stocks like PETRONAS GAS BHD [] (PetGas) and and KUALA LUMPUR KEPONG BHD [].

Domestic-pre-election sentiment is also closely watched. Investors are waiting for the Malaysian Prime Minister to announce the dissolution of Parliament.

The 13th general election must be held by end-April and many cautious and risk-averse investors have scaled down their holdings in the local market.

Across Bursa Malaysia today, 19.3 million shares worth RM28.74 million changed hands. There were 71 gainers versus 42 decliners.

Top gainer was PetGas while the leading decliner was Alliance Financial Group Bhd.The most-actively traded stock was Muhibbah Engineering (M) Bhd.

HwangDBS Vickers Research Sdn Bhd wrote in a note this morning that the KLCI might extend gains after a two-day cumulative 10.2-point advance on the prevailing recovery momentum.

Yesterday, the KLCI rose 6.08 points to close at 1,631.54 following a 4.1-point gain a day earlier.

"On the chart, the benchmark index may challenge the immediate resistance barrier of 1,635 today. This comes as Wall Street extended its run-up last night.

"In particular, bullish investors pushed up major U.S. equity indices by between 0.4% and 0.8% at the closing bell on the back of better economic outlook,"HwangDBS Vickers said.

That has lifted Asian stock markets today.Japan’s Nikkei 225 rose 1.12%, while South Korea’s Kospi added 1.12%. Australia’s S&P/ASX 200, however, declined 0.02%.

Reuters reported that Asian shares inched higher and the dollar was underpinned on Thursday after the U.S. Federal Reserve maintained its commitment to a very accommodative monetary stance, and market nerves over the Cyprus bailout wrangling calmed.

The Fed ended a two-day meeting on Wednesday with a pledge to keep its aggressive policy stimulus despite improvements in the U.S. economy, pointing to still-high unemployment, fiscal headwinds out of Washington and risks from abroad.

Cals wrote:WCT [You must be registered and logged in to see this image.]

miss .... me monitor anak2 dia... WB & WD

Cals wrote:muhibbah

sangat kuat....

wahh,,, UEM non stop ar ==

u should say muhibbah non stop