24 December, Wednesday 😄 U.S mkt : U.S stocks rose and ended above 18000 for 1st time after unexpectedly strong GDP report on economic growth. European mkt : European Stocks ended mixed with Dax closed lower and FTSE100 closed slightly higher on tuesday after China stocks suffer their 2nd worst day with Shanghai Index plunging 3% due to shortage of liquidity for trading purposes. Greece stocks fell the most on tuesday as the nation moved a step closer to early election after Prime Minister failed to win enough backing for his nominee for president. Gold : Gold prices rose slightly on tuesday but remained vulnerable as strong USD continued to weigh on the precious metal. Crude oil : Crude oil prices rose on Tuesday after strong GDP report but remained vulnerable as comments by Saudi Arabia oil minister continued to weigh. KLCI : Mkt closed higher on continuos support from Public Bank and selected heavy weights despite the overall weaker Asian equities Todays economic event : - U.S unemployment claims Newsflow : * CPO : Malaysia palm oil rose for 5th day on expectation that excessive monsoon rain would derail supply and amid strong demand. * Icon : Pruvate equity firm Ekuinas said it has no plan to sell Icon * Lafarge : secures rm254mil job * Celcom : eyes 50% surge in rebranded packages * ASN : declares 6.45sen dividend * MAHB : shareholders nod for proposal to buy remaining 40% stake in airport DJIA : 18024.17 (+64.73) Dax : 9922.11 (-56.35) FTSE 100 : 6598.18 (+3.62) Gold : 1176.70 (+1.20) Crude oil : 56.92 (+1.07) USD/MYR : 3.51 Msia 10yr bond yield : 4.121% U.S 10 yr bond yield : 2.255% Tuesdays bursa trade stat (RM) : Local Institutions (64.5%) : net BUY 26.7mil Retail (15.6%) : net SELL 31mil Foreign (19.9%) : net BUY 4.3mil
Posted on: Wed, 24 Dec 2014 01:04:59 +0000
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