MARKET ROUNDUP (Source Bloomberg)

U.S. Stocks Advance Amid Speculation Over Fed Decision: amid speculation the Federal Reserve will act to stimulate the economy. The S&P 500 added 0.3 percent to 1,433.56 at 4 p.m. in New York. The Dow Jones Industrial Average gained 69.07 points, or 0.5 percent, to 13,323.36 today. Volume for exchangelisted stocks in the U.S. was 5.9 billion shares, or almost in line with the three-month average.

European Stocks Advance on German Court, Fed Speculation: Germany's top constitutional court said it will proceed with a ruling on the country's role in the euro-area bailout fund and speculation grew that the Federal Reserve will boost stimulus. France's CAC 40 advanced 0.9 percent and Germany's DAX Index rallied 1.3 percent. The U.K.'s FTSE 100 was little changed.

Oil Declines From Three-Week High as U.S. Crude Stockpiles Climb: after an industry report showed stockpiles climbed in the U.S., the world's biggest crude user. Oil for October delivery decreased as much as 46 cents to $96.71 a barrel in electronic trading on the New York Mercantile Exchange and was at $96.78 at 9:16 a.m. Sydney time. The contract yesterday rose 0.7 percent to $97.17, the highest close since Aug. 22. Prices are 2.1 percent lower this year
Source:Jupiter Securities Research 12 September 2012.



CORPORATE NEWS

Malindo Airways to take off in May 2013: National Aerospace and Defence Industries Sdn Bhd (Nadi) and Lion Air's owner PT Lion Grup will form Malindo Airways that could rival AirAsia Bhd and subsequently spark a price war. Malindo Airways is poised to start in May 2013 using the soon-to-completed KLIA2 at KL International Airport in Sepang as its hub.

AirAsia to be first operator of A320neo: In 2011, AirAsia placed an order for 200 A320neo planes, which European manufacturer Airbus says will use 15 per cent less fuel than its current top A320 model

Btimes

Glenealy shareholders will get special dividend of 52.75 sen: a special dividend of 52.75 sen per share as a sweetener to Samling Global Ltd's offer to privatise the company. The shares were suspended from 9am to 5pm yesterday, pending the announcement of the proposed dividend.

Media Prima fully redeems MTN: RAM Rating Services Bhd said it had received confirmation from the facility agent that Media Prima had fully redeemed its MTN and as such, the rating agency no longer has any rating obligation on the debt
facility, which had carried a long-term AAA(bg) rating, with a stable outlook.

StarbIz

Source:Jupiter Securities Research 12 September 2012