Thursday, February 15th, 2018


French swank watch sales tick up as Chinese tourists return

PARIS, Feb 15 — Luxury watch sales in France surged last year as deep-pocketed tourists, notably Chinese, returned after terrorism fears waned, an industry body said today. Sales of watches worth more than €5,000 (RM24,308) each saw an…

Nivea maker Beiersdorf looking for new finance chief

BERLIN, Feb 15 — Beiersdorf, the maker of Nivea and other skin care products, said today it is looking for a new finance chief, but declined to comment on a magazine report that said the move was due to the dissatisfaction of a major…

Indonesia central bank holds rates, sees economy improving but eyes volatile markets

JAKARTA, Feb 15 — Indonesia’s central bank kept its policy rate unchanged today as expected, as it looks to maintain stability in the struggling rupiah currency following an unexpected spike in global volatility. Bank Indonesia (BI) held its…

Number of crypto hedge funds doubles in 4 months, says Autonomous NEXT data

LONDON, Feb 15 — Hedge funds focused on trading cryptocurrencies more than doubled in the four months to Feb. 15, hitting a record high of 226, showed new data from fintech research house Autonomous NEXT today. The firm had recorded just 110…

Latest A400M charge clouds strong Airbus 2017 profits

PARIS, Feb 15 — Airbus took a €1.3 billion (RM6.33 billion) hit on its delayed A400M military transport plane in 2017, lifting charges on Europe’s largest defense project above 8 billion euros and clouding higher than expected underlying…

Avon Products quarterly sales miss estimates

NEW YORK, Feb 15 —  Avon Products Inc today reported quarterly net sales that marginally missed analysts’ estimates, as fewer shoppers purchased products from the cosmetic maker’s army of sales representatives. Net income attributable to…

KLCI futures closes half-day trading on positive note

KUALA LUMPUR, Feb 15 — The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract ended higher on Bursa Malaysia Derivatives in tandem with the higher close on the underlying market. Today’s half-day trading session saw sentiment spurred by…

Gold extends gain on US dollar weakness


(Feb 15): Gold prices rose further on Thursday, supported by a weaker dollar and as investors bought the yellow metal as a hedge against inflation after a faster-than-expected rise in US consumer prices last month. Spot gold was up 0.3% at US$1,354.55 an ounce, as of 0407 GMT and headed for a fourth straight session of gains. It hit its highest since Jan. 26 at US$1,355.50 on Wednesday, and has gained nearly 4% since it dropped to a one-month low last week. US gold futures were down 0.1% at US$1,357.2Read More

Bursa M’sia closes half-day trading on higher note

KUALA LUMPUR: Bursa Malaysia closed higher in half-day trading on the eve of Chinese New Year festive, supported by continued buying interest in selected heavyweights and low-liners, dealers said.

At close, the FTSE Bursa Malaysia KLCI (FBM KLCI) finished at 1,838.28, up 3.35 points or 0.18 per cent, versus Wednesday's close of 1,834.93.

After opening 5.80 points better at 1,840.73, the local barometer moved within a narrow range of 1,837.99 and 1,842.73 in the morning session.

Affin Hwang Investment Bank Vice-President/Head of Retail Research Datuk Dr Nazri Khan Adam Khan said the volume transacted was healthy despite the half-day trading, following the better-than-expected Gross Domestic Product growth data announced by Bank Negara yesterday.

The Malaysian economy expanded by 5.9 per cent in 2017 versus 4.2 per cent in 2016.

He told Bernama that sentiment was supported by the stronger ringgit, which stood at 3.8, and the benchmark Brent crude oil futures which fetched US$62.33 a barrel.

Gainers outpaced losers 544 to 213 while 354 counters were unchanged, 781 untraded and 20 others were suspended.

Volume stood at 1.11 billion shares, worth RM1.07 billion, up from 1.93 billion shares, worth RM1.98 billion, recorded yesterday.

The FBM Emas Index improved 45.76 points to 13,117.49, FBMT 100 Index rose 39.50 points to 12,829.58 and the FBM 70 increased 104.07 points to 16,105.29.

The FBM Emas Shariah Index surged 60.39 points to 13,453.10 and the FBM Ace advanced 60.27 points to 6,242.42.

Sector-wise, the Finance Index was 13.62 points lower at 17,594.41, Industrial Index fell 4.72 points to 3,202.66 and the Plantation Index added 2.88 points to 7,996.97.

The Main Market volume fell to 601.53 million units, worth RM979.37 million, from Wednesday's 1.27 billion units valued at RM1.85 billion.

Volume on the ACE Market decreased to 221.85 million shares, valued at RM45.74 million, from 310.60 million shares valued at RM61.21 million yesterday.

Warrants volume decreased 286.69 million units, worth RM45.93 million, from Wednesday's 337.42 million units valued at RM64.98 million.

Consumer products accounted for 24.70 million shares traded on the Main Market, industrial products (183.22 million), construction (19.87 million), trade and services (276.85 million), technology (32.63 million), infrastructure (2.85 million), SPAC (30,400), finance (27.70 million), hotels (231,200), properties (19.76 million), plantations (10.89 million), mining (79,800), REITs (2.67 million) and closed/fund (2,000).

Bursa Malaysia and its subsidiaries will be closed tomorrow (Feb 16) and will resume trading on Monday (Feb 19).

The physical price of gold as at 5pm stood at RM163.92/g, up RM1.29 from RM162.63 at 5pm yesterday. — Bernama

Gas Malaysia’s profit improves on higher sales

KUALA LUMPUR, Feb 15 — Gas Malaysia Bhd boosted its pre-tax profit by 16.6 per cent to RM248.18 million for the financial year ended Dec 31, 2017 (FY17), driven by an increase in the volume of gas sold. This was on the back of a 32 per cent…