MARKET ROUNDUP (Source Bloomberg)

Most U.S. Stocks Fall on Concern Over Economic Slowdown; as data from China to Japan and Europe increased concern that a global economic slowdown is worsening.The S&P 500 lost 0.1 percent to 1,460.26 at 4 p.m. in New York, trimming an earlier decline of as much as 0.8 percent. The Dow Jones Industrial Average rose 18.97 points, or 0.1 percent, to 13,596.93. Nine stocks fell for every five advancing on U.S. exchanges at 4 p.m., with about 6.2 billion shares trading hands, almost in line with the three-month daily average.

European Stocks Drop on China Manufacturing Report; after a report signaled that Chinese manufacturing will contract for an 11th month, adding to concern the global economic slowdown is deepening. Germany's DAX slid less than 0.1
percent, while the U.K.'s FTSE 100 and France's CAC 40 each dropped 0.6 percent.

Oil Rebounds on Bets Biggest Weekly Fall Since June Exaggerated; as investors speculated that the biggest weekly decline in more than three months was exaggerated. Oil for November delivery advanced as much as 60 cents to $93.02 a barrel in electronic trading on the New York Mercantile Exchange and was at $92.86 at 9:15 a.m. Sydney time. It climbed 12 cents yesterday to $92.42. Prices are down 6.2 percent for the week, the biggest decline since the week ended
June 1. The October contract expired at $91.87, down 11 cents.

CORPORATE NEWS

PNB invests big in Astro: is said to be one of the biggest cornerstone investors out of the 22 that the country's largest pay-TV operator Astro Malaysia Holdings Bhd has secured for its US$1.5bil (RM4.5bil) initial public offering (IPO). The indicative price is RM2.70-RM3.00 ringgit per share, and based on the total shares offered, reports said Astro's market share could be worth RM4.1bil to RM4.56bil.

Coastal makes RM111mil sale; will sell two Anchor Handling Tug Supply (AHTS) units and one Subsea Support Vessel (SSV) for RM111mil. The SSV is sold to a new customer from United Arab Emirates while the two AHTS units are sold to a loyal
customer from Indonesia. All of these vessels are expected to be delivered in 2012 and 2013.

StarbIz

AEON Credit quarterly pre-tax rises; the company said its revenue increased to RM112.49 million, during the period under review, from RM83.035 million chalked up previously.

Green light for KNM rights issue; the rights issue would further improve the company's gearing to 0.55 times from 0.71 times as at December 31 2011. About 60 per cent of KNM's total order book of RM5.1 billion is from renewable energy
projects.

Btimes

Source:Jupiter Securities Research 21 September 2012