MARKET ROUNDUP (Source Bloomberg)

U.S. Stocks Rise to End S&P 500's 3-Week Losing Streak: U.S. stocks rose, giving the Standard & Poor's 500 Index its first weekly rally since April, as investors were lured by the cheapest valuations since November. The S&P 500 climbed 1.7 percent to 1,317.82, extending its 2012 gain to 4.8 percent. The Dow Jones Industrial Average added 85.45 points, or 0.7 percent, to 12,454.83, rebounding from the lowest level since January.

Europe Stocks Post First Weekly Gain in a Month on Values: as China pledged to bolster growth and a three week selloff left the Stoxx Europe 600 Index at its cheapest level since January. The U.K.'s FTSE 100 rose 1.6 percent, France's CAC 40 gained 1.3 percent and Germany's DAX rose 1.1 percent.

Asian Stocks Fall for Fourth Week on China, Europe Debt Concerns: on signs China's economic slowdown is deepening and on concern Europe's debt crisis will worsen. The benchmark Nikkei 225 Stock Average lost 0.4 percent , after the Bank of Japan refrained from adding more monetary stimulus. Hong Kong's benchmark Hang Seng Index slipped 1.3 percent.

Oil Rises on U.S. Consumer Confidence, Iran Inspections: on reports showing that U.S. consumer
confidence gained and the United Nations' atomic agency found evidence Iran boosted its output of
enriched uranium that could be used for a nuclear weapon. Crude oil for July delivery rose 20 cents to
settle at $90.86 a barrel on the New York Mercantile Exchange.

CORPORATE NEWS

Lotus chief's suspension could be related to 5-year transformation plan: Group Lotus plc's chief executive Dany Bahar has been suspended for 14 days pending a probe into a complaint about his conduct by its new owner, DRB-Hicom Bhd.

Kelington's growth momentum to continue: expects the growth momentum to continue through 2012, backed by strong order inflow and growth opportunities in the emerging light-emitting diode (LED) and bioscience industries.

-SunBiz

SP Setia to to buy RM1bil worth of land in Klang Valley, Penang and Iskandar Malaysia yearly: Liew said the remaining landbank would keep the company busy in Iskandar Malaysia in the next 10 to 15 years with a gross development value of RM8bil.

Husni: Govt to keep close watch on MAS- Husni noted that competition was high from aggressive Middle Eastern carriers such as Qatar Airways and Emirates.On the MASAirAsia share swap deal that failed to take off, Husni said the model was not workable.

-StarBiz

Vale to tender out up to US$400m more jobs: with half of the value of those contracts awarded to
Malaysian companies participating in its major US$1.4 billion iron ore terminal and distribution centre project in Lumut, Perak.

CSL, China Post in envelope talks: is believed to be in talks with China Post to supply the postal company with polypropylene envelopes, people familiar with the matter said.

-Btimes

Source:Jupiter Securities Research 28 May 2012