Tuesday, February 12, 2008


U.S. stocks rose for a second day, led by financial shares, on expectations Warren Buffett, the world's No. 1 investor, will help calm credit markets by offering to shore up bond insurers' finances. Citigroup Inc., Bank of America Corp. and JPMorgan Chase & Co., the three largest U.S. banks, climbed after Buffett said he's willing to take on $800 billion in municipal bond obligations in an interview with CNBC. Monsanto Co., the world's biggest seed producer, advanced for a third day on an increased profit forecast. The Standard & Poor's 500 Index added 20.93 points, or 1.6 percent, to 1,360.06 at 11:04 a.m. in New York. The Dow Jones Industrial Average advanced 210.13, or 1.7 percent, to 12,450.14. The Nasdaq Composite Index climbed 27.51, or 1.2 percent, to 2,347.57. Almost six stocks rose for every one that fell on the New York Stock Exchange. Shares in Europe and Asia also gained. - Bloomberg 12.27 am (Malaysia)

Before that:
KLCI ends +0.7% to 1417.52 today, led by gains in plantations and large-cap stocks, as investors bet some shares have become undervalued relative to potential earnings. The selling yesterday was overdone and some of these stocks are looking attractive. Index tipped to stay in 1400-1420 range tomorrow. Trade remained choppy for most of the day with retail players locking-in profits on rallies.

Tomolo gua mau bet Uchitec & Satang - ada brani?

No comments: