S&P 500 Snaps Two-Week Rally Amid Global Economy Concern; as concern about slowing global growth overshadowed optimism about central bank stimulus. The S&P
500 slipped 0.4 percent to 1,460.15, snapping a two-week rally. The benchmark index is up 16 percent for 2012. The Dow Jones Industrial Average lost 13.90 points, or 0.1 percent, to 13,579.47 during the week. The S&P 500 has jumped 14 percent from a June low amid optimism central banks around the world will take
steps to stimulate the economy. Earlier this month, the Federal Reserve unveiled another round of quantitative easing and the European Central Bank announced specifics of its bondbuying plan.

European Stocks Are Little Changed This Week; amid speculation that the rally in equities has overshot the outlook for corporate earnings and the region's economy. The FTSE 100 slipped 2.02 points, or less than 0.1 percent, to 5,852.62 at the close of trading in London. The gauge erased an earlier advance of as much as 0.6 percent as options on the index expired in a process known as witching.

Oil Trades Near One-Week High Amid Increased Middle East Tension; on signs of increased tension in the Middle East, the supplier of a third of the world's crude. Oil for November delivery was at $92.92 a barrel, up 3 cents, in electronic trading on the New York Mercantile Exchange at 9:42 a.m. Sydney
time. It climbed 47 cents to $92.89 on Sept. 21, the highest close since Sept. 18. Prices fell 6.2 percent last week and are down 6 percent this year.

Strong demand for wood-based products; Dominant Enterprise Bhd expects Malaysia to offer good growth prospects for the company as the domestic demand for wood-based products is still good.

Palm oil prices expected to fall further this year says industry meeting; as slowing economic growth reins in demand for biofuel production, leading to higher stocks at top producers Indonesia and Malaysia, an industry meeting concluded on Sunday.

AirAsia closer to acquiring more Airbus aircraft; is getting closer in purchasing an additional 100 aircraft from Airbus as part of the carrier's efforts to meet rising demand for cheap air travel in Southeast Asia, according to its chief executive.

Rest of Bandar Seri Putra will be ready in next 5 to 7 years; UNITED Malayan Land Bhd (UM Land), a property developer, expects the entire Bandar Seri Putra development to be completed within the next 5-7 years.The company, which
started developing Bandar Seri Putra in 1997, has currently developed about 283.28ha in Bandar Seri Putra, with a gross development value of more than RM1.75 billion.

Source:Jupiter Securities Research 24 September 2012