MARKET ROUNDUP
Most U.S. Stocks Rise as Earnings, Jobs Overshadow Apple
As
an unexpected drop in jobless claims and betterthan- forecast earnings
offset the worst slump for Apple Inc. (AAPL) in four years. Apple, the
world’s most valuable company, slid 12 percent after reporting the
slowest profit growth since 2003 and weakest sales increase in 14
quarters. More than four stocks rose for every three that fell on U.S.
exchanges as of 4 p.m. in New York. The S&P 500 (SPX) was unchanged
at 1,494.82, after rallying as much as 0.5 percent earlier. The Dow
Jones Industrial Average gained 46 points, or 0.3 percent, to 13,825.33.
Oil Rises on Improving Data as Brent-WTI Spread Narrows
As
the spread between West Texas Intermediate crude in the U.S. and
London’s Brent narrowed on speculation the Seaway pipeline will soon
resume full shipments. Crude oil for March delivery gained 72 cents to
settle at $95.95 a barrel on the New York Mercantile Exchange. Futures
were down 3 percent from a year earlier. Volume was 33 percent above the
100-day average. Brent oil for March settlement increased 48 cents, or
0.4 percent, to end the session at $113.28 a barrel on the London- based
ICE Futures Europe exchange. Volume was up 14 percent from the 100-day
average.
KLCI higher on buying support in blue-chips
The
FTSE Bursa Malaysia KLCI (FBMKLCI) added 6.59 points to close at
1,635.25 after hovering between 1,622.54 and 1,637.42 throughout the
day. Gainers led losers by 402 to 286 while314 counters were unchanged,
657 untraded and 28 others suspended. Volume fell to 1.16 billion shares
worth RM1.67 billion from 1.27 billion shares worth RM2.23 billion on
Tuesday. Volume on the Main Market eased to 860.26 million units worth
RM1.64 billion from 1.03 billion units worth RM2.21 billion on Tuesday.
Turnover on the ACE market strengthened to 266.87 million shares valued
at RM28.56 million from 112.43 million shares valued at RM15.17 million
on Tuesday.
Jupiter Securities Research - 25 January 2013
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