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Malaysia's blue chips slip, KLK, Hong Leong Bank fall
How to spend your money
Malaysia’s only listed oil recycler Hiap Huat opens up 62.5% at 32.5 sen

Malaysia's blue chips slip, KLK, Hong Leong Bank fall

Posted: 25 Nov 2012 05:40 PM PST

KUALA LUMPUR: Malaysia's blue chips gave up their early gains on Monday and slipped into negative territory, weighed down by mild selling of banks, consumer stocks and DiGi.

At 9.21am, the KLCI was down 3.08 points to 1,611.24. Turnover was 121.16 million shares valued at RM44.52mil. There were 85 gainers, 103 losers and 143 counters unchanged.

Hwang DBS Vickers Research said from a technical perspective, the KLCI may be on its way towards the psychological support mark of 1,600 with a key resistance level currently seen at 1,635.

BAT fell the most, down 74 sen to RM57.22 and Dutch Lady gave up 30 sen to RM45. However, Nestle jumped RM1.78 to RM60.74 with 400 shares done.

Among the banks, Hong Leong Bank dropped 14 sen to RM14.22, Public Bank and its foreign shares six sen lower at RM15.34 and RM15.32.

As for plantations, KL Kepong was down 12 sen to RM20.52 and FGV five sen lower at RM4.60. However, Genting Plantations rose 25 sen to RM8.65 and PPB Group 16 sen higher at RM12.26.

DiGi gave up seven sen to RM4.57 with 371,900 shares done.

Used oil recycler Hiap Huat Holdings rose 11.5 sen to 31.5 sen on its trading debut with 60.76 million shares done.

How to spend your money

Posted: 25 Nov 2012 05:25 PM PST

IS there such a thing as unconscious spending? Of course, there is! And we are guilty of it almost daily. JOYCE CHUAH writes...

Now, let me help you young adults and college-going students go through your daily activities one by one, from the moment you wake up. Did you switch off the air-con, fan or lights? Did you keep the tap running while you brush your teeth?

Building your financial habits start from smaller things the very areas you are not directly responsible for. Take care of the smaller things and you can take care of the bigger ones.

Now, take special notice about how you spend your money the moment you step out of the house. Did you drop by your favourite coffee haunt? What about a cigarette or two, if you smoke? Did you take the shortest route to college or take the highway, paying an extra RM1.50 for the toll just because you wanted to get a high from speeding on the highway?

What about lunch? Is the RM40 steak a once-in-a-while treat or is that your daily budget for a meal? You get my point now.

There are also other unconscious pre-planned spending like unused subscriptions for gym, cable TV, magazines, massage, etc.

By the way, do you date? For guys, this means more strain on your budget though you tell me it's worth the tab for the girl of your dreams.

And girls, when you date, you spend more on your hair, nails, face, clothes, shoes you just want to look like a million dollars and it is going to cost you many holes in your monthly budget, too.

If you can cut down on these unconscious spending and add a bit more consciousness into them, you'll have your budget more in control and your money more well spent. And yes, your parents will be happy, too.

Malaysia’s only listed oil recycler Hiap Huat opens up 62.5% at 32.5 sen

Posted: 25 Nov 2012 05:22 PM PST

Published: Monday November 26, 2012 MYT 9:22:00 AM

KUALA LUMPUR: Used oil recycler Hiap Huat Holdings Bhd made a strong debut on the ACE Market of Bursa Malaysia on Monday, opening 62.5% higher at 32.5 sen.

At 9am, it was up 12.5 sen to 32.5 sen in very active trade.

The FBM KLCI rose 1.72 points to 1,616.04. There were 34.11 million shares done valued at RM11.12mil. There were 61 gainers, 25 losers and 66 counters unchanged.

The company raised about RM17mil from the initial public offer (IPO). The IPO comprised of 85 million new 10 sen shares. The shareholders had also offered sale 50 million existing shares.

Hiap Huat Holdings' core activity is collecting, recycling, re-refining and producing recycled products and it is the only such listed company on the Malaysian stock exchange.

Kredit: www.thestar.com.my

Ahad, 25 November 2012