The Edge Markets April 16, 2015 09:39:42 am
Moody’s: RHB Bank’s new capital and reorganisation is credit positive
April 16, 2015 05:19:03 pm
KUALA LUMPUR (Apr 16): Moody’s Investors Service said RHB Bank Bhd’s new capital and reorganisation plan is “credit positive” to the bank as it will enhance its capital buffer and improve its ability to retain capital through the repayment of debt......
Eco World gets LOA for Batu Kawan property project
April 16, 2015 03:13:24 pm
KUALA LUMPUR (Apr 16): Eco World Development Group Bhd confirmed it has received a letter of award (LOA) from the Penang Development Corporation (PDC) for the development of the proposed Eco Marina Development. According to a filing to Burs... ...
Bursa's Invest Malaysia to showcase local, Asean corporates
April 16, 2015 01:41:02 pm
KUALA LUMPUR (Apr 16): Bursa Malaysia Bhd's annual flagship event Invest Malaysia Kuala Lumpur (IMKL) 2015 next week will be a platform for notable Malaysian and regional companies to promote themselves to global institutional investors....
CBIP bags RM25.47m palm oil mill contracts
April 16, 2015 01:38:38 pm
KUALA LUMPUR (Apr 16): CB Industrial Product Holding Bhd (CBIP) has secured two contracts collectively worth RM25.47 million from PT Niagamas Gemilang to design and construct a palm oil mill. In a filing with Bursa Malaysia today, CBIP (fun... ...
Frontken,
Power Root, AT Systematization, Connectcounty, DGB Asia, GAB,
Pharmaniaga, Ablegroup, Century Logistics, Degem, SLP Resources and
Public Packages Holdings
April 16, 2015 01:23:53 pm
KUALA LUMPUR (April 16): theedgemarkets.com has highlighted 12 stocks with momentum at afternoon market close today. Two of the stocks show positive momentum while 10 show negative momentum. Stocks with positive momentum are: Frontk... ...
Hektar REIT expects a strong performance in 2015
April 16, 2015 01:22:41 pm
KUALA LUMPUR (Apr 16): Hektar Asset Management Sdn Bhd, the manager of Hektar Real Estate Investment Trust (REIT), expects to maintain a strong portfolio management in 2015. According to Hektar REIT chairman and chief executive officer Datu... ...
Malaysia's Malakoff sets tight bookbuilding range in up to $750 mln IPO -sources
April 16, 2015 12:32:00 pm
KUALA LUMPUR (Apr 16): Malakoff Corporation Bhd , Malaysia's largest independent power firm, set a tight bookbuilding range for its initial public offering, two people with direct knowledge of the process said, with solid support from domes... ...
Insider Asia’s Stock Of The Day: Thong Guan
April 16, 2015 12:11:10 pm
Thong Guan Industries Bhd Thong Guan (Fundamental: 1.8/3, Valuation: 2.0/3) saw its share price rise as high as RM2.41 from RM2.07 when we first recommended the stock, in November 2014. However, prices fell to... ...
Stocks With Momentum: KEN
April 16, 2015 12:09:45 pm
KEN Holdings Bhd (-ve) Shares for property developer, KEN (Fundamental: 2.3/3, Valuation: 2.4/3) gained 10.2% this week, closing at a high of RM1.19 yesterday. Its shares are attractively valued and the company has strong fu... ...
Stocks With Momentum: APFT
April 16, 2015 12:06:23 pm
APFT Bhd (+ve) Shares for Asia Pacific Flight Training (Fundamental: 0.2/3 Valuation: 0.3/3) have gained 70.8% since March on heavy volume. On 26-27 March, the company fixed the price for 20 million new shares... ...
Stocks With Momentum: Denko
April 16, 2015 12:06:14 pm
Denko Industrial Corporation Bhd (+ve) Shares for Denko (Fundamental: 0.35/3, Valuation: 0.9/3) finally clawed back all of its losses, and a little more, following the sharp plunge at end-November, after posting net loss of ... ...
Tropicana gains 4.46% on proposed disposal of 73% shares in Tenaga Kimia
April 16, 2015 11:56:14 pm
KUALA LUMPUR (Apr 16): Tropicana Corporation Bhd's shares gained as much as 5 sen or 4.46% on the news that the group expects to record a net gain of...
Telco stocks fall on broadband prices reduction
April 16, 2015 11:55:32 am
KUALA LUMPUR (Apr 16): Shares in most telecommunication players are down marginally in the morning trades after Putrajaya announced that the fees for...
Media Prima sees challenges from pay TV channels
April 16, 2015 11:40:53 am
Media Prima Bhd (April 15, RM1.69) Maintain sell, with a target price (TP) of RM1.50. Digital terrestrial television (DTTV) in Malaysia is likely to be launched by the second half of 2015 (2H15) or early 2016, with abo... ...
Eco World to continue building war chest of projects
April 16, 2015 11:37:09 am
Eco World Development Group Bhd (April 15, RM1.80) Initiate coverage at outperform, with a target price (TP) of RM2.05. The key management team behind Eco World is well-experienced in quality township planning. They co... ...
Benalec shows commitment to build future oil storage hub
April 16, 2015 11:30:13 am
Benalec Holdings Bhd (Apr 15, 79.5 sen) Maintain buy with a fair value of RM1.25. We maintain our “buy” recommendation on Benalec Holdings with an unchanged fair value of RM1.25 per share. This pegs the stock at a 45% ... ...
Sunway unit a strong contender for MRT and LRT works
April 16, 2015 11:22:30 am
Sunway Bhd (Apr 15, RM3.75)Maintain buy with a revised target price (TP) of RM4.24. Sunway’s share price has appreciated 14% year-to-date, outperforming the benchmark FBM KLCI and Kuala Lumpur Property... ...
S P Setia on track to achieve RM4.6b sales target for FY15
April 16, 2015 11:21:45 am
S P Setia Bhd (April 15, RM3.46) Maintain buy with a target price (TP) of RM4.10. S P Setia is set to enjoy lumpy contributions from its overseas projects (in Australia, Singapore and the United Kingdom) with RM1.5 bil... ..
Kenanga partners global anti-fraud leader
April 16, 2015 11:13:13 am
KUALA LUMPUR (Apr 16): K & N Kenanga Holdings Bhd, which owns Kenanga Investment Bank Bhd (KIBB), is partnering the Association of Certified Fraud Examiners (ACFE) to improve the financial services entity's corporate governance and inte... ...
Maybank to strengthen digital banking via apps
April 16, 2015 10:49:32 am
KUALA LUMPUR: Malayan Banking Bhd (Maybank) has launched two new mobile applications (apps) — Maybank Treats and Maybank Property Finder — as it aims to strengthen the group’s digital presence as well as enhance convenience for its cards an... ...
Pesona Metro advances 6% on RM267m Cyberjaya project
April 16, 2015 10:49:00 am
KUALA LUMPUR (Apr 16): Pesona Metro Holdings Bhd advanced as much 4.5 sen or 6% to 82 sen after the group secured a RM266.75 million property construction project in Cyberjaya, Selangor. Pesona Metro (fundamental: 1.8; valuation: 0.5) had l... ...
Box-Pak sees Hanoi, Johor ops turn around by year-end
April 16, 2015 10:41:29 am
KUALA LUMPUR: Box-Pak (M) Bhd, a subsidiary of Kian Joo Can Factory Bhd with a 54.83% stake as at Feb 27, 2015, expects its operations in Hanoi, Vietnam and Johor to turn around by the end of this year. “We need a longer gestation period fo... ...
Tropicana Corp sells stake in Tenaga Kimia
April 16, 2015 10:29:18 am
KUALA LUMPUR: Tropicana Corp Bhd is disposing of its entire 73% stake in Tenaga Kimia Sdn Bhd to Austin Powder Asia Pacific for RM194.7 million cash, which will be used to repay debt and for working capital. The property developer expects t... ...
Mah Sing bags Frost & Sullivan construction industry award
April 16, 2015 10:25:44 am
KUALA LUMPUR: Property developer Mah Sing Group Bhd was honoured with the 2015 Frost & Sullivan Excellence in Growth Building Construction Industry Award at the 2015 Malaysia Excellence Awards banquet held at Mandarin Oriental on Tuesday. ... ...
Pesona Metro bags RM266.75m job
April 16, 2015 10:22:59 am
KUALA LUMPUR: Pesona Metro Holdings Bhd has bagged a RM266.75 million contract from PBT Engineering Sdn Bhd to build a 17-storey office block and two SoHo buildings in Cyberjaya. In a filing with Bursa Malaysia, Pesona Metro (fundamental: 1... ...
AmFIRST REIT’s Mydin mall buy to up DPU
April 16, 2015 10:14:19 am
KUALA LUMPUR: AmFIRST Real Estate Investment Trust (AmFIRST REIT) said the acquisition of Mydin Hypermall in Bukit Mertajam, Penang is expected to help lift the distribution per unit (DPU) by 0.34 sen per unit per year. Am ARA REIT Managers... ...
AllianceDBS Research upgrades Globetronics to Buy, raises target to RM7.50
April 16, 2015 10:07:37 am
KUALA LUMPUR (April 16): AllianceDBS Research has upgraded Globetronics Technology Bhd to a high-conviction “Buy” (from Hold) at RM5.80 with a higher target price of RM7.50 (from RM5.20) and said the company’s end-customer division likely to intro......
PetDag plans RM500m capex
April 16, 2015 09:55:45 am
KUALA LUMPUR: Petronas Dagangan Bhd (PetDag), a 69.86% unit of Petroliam Nasional Bhd (Petronas), has planned a capital expenditure (capex) of RM500 million this year, the same as last year, to spur sales in its retail and commercial segments, sai......
MBSB: Possible merger within this or next year
April 16, 2015 09:51:26 am
KUALA LUMPUR: While keeping mum on speculation about a merger between Malaysia Building Society Bhd (MBSB) and Bank Islam Malaysia Bhd, MBSB president and chief executive officer Datuk Ahmad Zaini Othman said a merger with an Islamic financ... ...
SBC Corp jumps 8% on resurgent buying interest
April 16, 2015 09:48:02 am
KUALA LUMPUR (April 16): Shares of SBC Corporation Bhd rose more than 8% in early trade today on resurgent buying interest. At 9.23am, SBC Corp was up 8.l6% or 8 sen to RM1.06 with 108,410 shares traded. SBC Corp is an investment hol... ...
Malaysia prices dual-tranche $1.5 bln sukuk
April 16, 2015 09:39:42 am
KUALA LUMPUR (Apr 16): The government of Malaysia on Thursday priced a dual-tranche $1.5 billion sukuk after attracting orders of $9.0 billion from Asia, Europe, the Middle East and the United States. The dual tranche 10 and 30-year ... ...
My E.G. gains 1.9% after HLIB Research says stock was oversold
April 16, 2015 09:21:43 am
KUALA LUMPUR (April 16): The shares of My E.G. Services Bhd rose in early trade today after Hong Leong IB Research said the stock had been grossly oversold. At 9.08am, My E.G. rose 1.98% or five sen to RM2.58 with 393,100 shares done. ...
KLCI edges up in early trade in line with regional uptrend
April 16, 2015 09:16:35 am
KUALA LUMPUR (April 16): The FBM KLCI edged up in early today in line with the regional uptrend, lifted by gains at selecvt blue chips. At 9am, the FBM KLCI rose 1.91 points to 1,842.04. The top gainers included British American Toba... ...
Penang proposes ‘Sky Cab’ linking island and mainland
April 16, 2015 09:12:00 am
KUALA LUMPUR: The Penang government is in the final stages of exploration with Penang Sentral Sdn Bhd (PSSB) to build a 3.66km cable car service linking the mainland and island in the next three years. PSSB is a joint venture between Malays... ...
MyEG grossly oversold, says HLIB Research
April 16, 2015 08:43:23 am
KUALA LUMPUR (April 16): The shares of My E.G. Services Bhd have been grossly oversold, according to Hong Leong IB Research. In a note today, the researcgh house said the stock was grossly oversold as substantiated by daily oscillators.... ...
Asia stocks follow global surge, dollar on defensive
April 16, 2015 08:42:17 am
TOKYO (April 16): Asian stocks took cues from a global surge in equities and rose on Thursday, while the dollar was on the defensive after weak U.S. economic data. MSCI's broadest index of Asia-Pacific shares outside Japan climbed 0.4 perce... ...
Prolonged water issue may cap Supermax’s earnings growth, says AffinHwang Capital
April 16, 2015 08:36:01 am
KUALA LUMPUR (April 16): AffinHwang Capital Research has maintained its “Hold” rating on Supermax Corporation Bhd (SUCB) at RM2.13 with an unchanged target price of RM2.11 and said SUCB’s issues over its utilities supply were likely to limit a re-......
PublicInvest Research cuts target price for TRC Synergy to 43 sen
April 16, 2015 08:32:09 am
KUALA LUMPUR (April 16) PublicInvest Research has maintained its “Neutral” rating on TRC Synergy Bhd (TRC) at 41 sen with a lower target price of 43 sen (from 54 sen) and said TRC, despite earnings weakness in recent years, is believed to see its ......
KLCI seen trending higher as buying sentiment improves
April 16, 2015 07:15:57 am
KUALA LUMPUR (April 16): The FBM KLCI is expected to trend higher today, taking the lead from the higher overnight close at Wall Street amidst improved local buying sentiment. U.S. stocks rallied following several strong earnings reports on... ...
Wall St gains on earnings, oil surges
April 16, 2015 06:53:20 am
NEW YORK (April 16): U.S. stocks rallied following several strong earnings reports on Wednesday, while European shares hit a 14-year high after the European Central Bank affirmed its loose policy stance. Oil rose sharply after U.S. governme... ...
Wall St ends higher as jitters about earnings and oil recede
April 16, 2015 06:50:43 am
(April 16): U.S. stocks closed higher on Wednesday, fueled by gains in oil companies and speculation that upcoming first-quarter earnings reports might not be quite as weak as previously thought. All 10 major S&P 500 sectors gained, wit... ...
April 16, 2015 05:19:03 pm
KUALA LUMPUR (Apr 16): Moody’s Investors Service said RHB Bank Bhd’s new capital and reorganisation plan is “credit positive” to the bank as it will enhance its capital buffer and improve its ability to retain capital through the repayment of debt......
April 16, 2015 03:13:24 pm
KUALA LUMPUR (Apr 16): Eco World Development Group Bhd confirmed it has received a letter of award (LOA) from the Penang Development Corporation (PDC) for the development of the proposed Eco Marina Development. According to a filing to Burs... ...
April 16, 2015 01:41:02 pm
KUALA LUMPUR (Apr 16): Bursa Malaysia Bhd's annual flagship event Invest Malaysia Kuala Lumpur (IMKL) 2015 next week will be a platform for notable Malaysian and regional companies to promote themselves to global institutional investors....
KUALA LUMPUR (Apr 16): CB Industrial Product Holding Bhd (CBIP) has secured two contracts collectively worth RM25.47 million from PT Niagamas Gemilang to design and construct a palm oil mill. In a filing with Bursa Malaysia today, CBIP (fun... ...
April 16, 2015 01:23:53 pm
KUALA LUMPUR (April 16): theedgemarkets.com has highlighted 12 stocks with momentum at afternoon market close today. Two of the stocks show positive momentum while 10 show negative momentum. Stocks with positive momentum are: Frontk... ...
April 16, 2015 01:22:41 pm
KUALA LUMPUR (Apr 16): Hektar Asset Management Sdn Bhd, the manager of Hektar Real Estate Investment Trust (REIT), expects to maintain a strong portfolio management in 2015. According to Hektar REIT chairman and chief executive officer Datu... ...
April 16, 2015 12:32:00 pm
KUALA LUMPUR (Apr 16): Malakoff Corporation Bhd , Malaysia's largest independent power firm, set a tight bookbuilding range for its initial public offering, two people with direct knowledge of the process said, with solid support from domes... ...
April 16, 2015 12:11:10 pm
Thong Guan Industries Bhd Thong Guan (Fundamental: 1.8/3, Valuation: 2.0/3) saw its share price rise as high as RM2.41 from RM2.07 when we first recommended the stock, in November 2014. However, prices fell to... ...
April 16, 2015 12:09:45 pm
KEN Holdings Bhd (-ve) Shares for property developer, KEN (Fundamental: 2.3/3, Valuation: 2.4/3) gained 10.2% this week, closing at a high of RM1.19 yesterday. Its shares are attractively valued and the company has strong fu... ...
April 16, 2015 12:06:23 pm
APFT Bhd (+ve) Shares for Asia Pacific Flight Training (Fundamental: 0.2/3 Valuation: 0.3/3) have gained 70.8% since March on heavy volume. On 26-27 March, the company fixed the price for 20 million new shares... ...
April 16, 2015 12:06:14 pm
Denko Industrial Corporation Bhd (+ve) Shares for Denko (Fundamental: 0.35/3, Valuation: 0.9/3) finally clawed back all of its losses, and a little more, following the sharp plunge at end-November, after posting net loss of ... ...
April 16, 2015 11:56:14 pm
KUALA LUMPUR (Apr 16): Tropicana Corporation Bhd's shares gained as much as 5 sen or 4.46% on the news that the group expects to record a net gain of...
April 16, 2015 11:55:32 am
KUALA LUMPUR (Apr 16): Shares in most telecommunication players are down marginally in the morning trades after Putrajaya announced that the fees for...
April 16, 2015 11:40:53 am
Media Prima Bhd (April 15, RM1.69) Maintain sell, with a target price (TP) of RM1.50. Digital terrestrial television (DTTV) in Malaysia is likely to be launched by the second half of 2015 (2H15) or early 2016, with abo... ...
April 16, 2015 11:37:09 am
Eco World Development Group Bhd (April 15, RM1.80) Initiate coverage at outperform, with a target price (TP) of RM2.05. The key management team behind Eco World is well-experienced in quality township planning. They co... ...
April 16, 2015 11:30:13 am
Benalec Holdings Bhd (Apr 15, 79.5 sen) Maintain buy with a fair value of RM1.25. We maintain our “buy” recommendation on Benalec Holdings with an unchanged fair value of RM1.25 per share. This pegs the stock at a 45% ... ...
April 16, 2015 11:22:30 am
Sunway Bhd (Apr 15, RM3.75)Maintain buy with a revised target price (TP) of RM4.24. Sunway’s share price has appreciated 14% year-to-date, outperforming the benchmark FBM KLCI and Kuala Lumpur Property... ...
April 16, 2015 11:21:45 am
S P Setia Bhd (April 15, RM3.46) Maintain buy with a target price (TP) of RM4.10. S P Setia is set to enjoy lumpy contributions from its overseas projects (in Australia, Singapore and the United Kingdom) with RM1.5 bil... ..
April 16, 2015 11:13:13 am
KUALA LUMPUR (Apr 16): K & N Kenanga Holdings Bhd, which owns Kenanga Investment Bank Bhd (KIBB), is partnering the Association of Certified Fraud Examiners (ACFE) to improve the financial services entity's corporate governance and inte... ...
April 16, 2015 10:49:32 am
KUALA LUMPUR: Malayan Banking Bhd (Maybank) has launched two new mobile applications (apps) — Maybank Treats and Maybank Property Finder — as it aims to strengthen the group’s digital presence as well as enhance convenience for its cards an... ...
April 16, 2015 10:49:00 am
KUALA LUMPUR (Apr 16): Pesona Metro Holdings Bhd advanced as much 4.5 sen or 6% to 82 sen after the group secured a RM266.75 million property construction project in Cyberjaya, Selangor. Pesona Metro (fundamental: 1.8; valuation: 0.5) had l... ...
April 16, 2015 10:41:29 am
KUALA LUMPUR: Box-Pak (M) Bhd, a subsidiary of Kian Joo Can Factory Bhd with a 54.83% stake as at Feb 27, 2015, expects its operations in Hanoi, Vietnam and Johor to turn around by the end of this year. “We need a longer gestation period fo... ...
April 16, 2015 10:29:18 am
KUALA LUMPUR: Tropicana Corp Bhd is disposing of its entire 73% stake in Tenaga Kimia Sdn Bhd to Austin Powder Asia Pacific for RM194.7 million cash, which will be used to repay debt and for working capital. The property developer expects t... ...
April 16, 2015 10:25:44 am
KUALA LUMPUR: Property developer Mah Sing Group Bhd was honoured with the 2015 Frost & Sullivan Excellence in Growth Building Construction Industry Award at the 2015 Malaysia Excellence Awards banquet held at Mandarin Oriental on Tuesday. ... ...
April 16, 2015 10:22:59 am
KUALA LUMPUR: Pesona Metro Holdings Bhd has bagged a RM266.75 million contract from PBT Engineering Sdn Bhd to build a 17-storey office block and two SoHo buildings in Cyberjaya. In a filing with Bursa Malaysia, Pesona Metro (fundamental: 1... ...
April 16, 2015 10:14:19 am
KUALA LUMPUR: AmFIRST Real Estate Investment Trust (AmFIRST REIT) said the acquisition of Mydin Hypermall in Bukit Mertajam, Penang is expected to help lift the distribution per unit (DPU) by 0.34 sen per unit per year. Am ARA REIT Managers... ...
April 16, 2015 10:07:37 am
KUALA LUMPUR (April 16): AllianceDBS Research has upgraded Globetronics Technology Bhd to a high-conviction “Buy” (from Hold) at RM5.80 with a higher target price of RM7.50 (from RM5.20) and said the company’s end-customer division likely to intro......
April 16, 2015 09:55:45 am
KUALA LUMPUR: Petronas Dagangan Bhd (PetDag), a 69.86% unit of Petroliam Nasional Bhd (Petronas), has planned a capital expenditure (capex) of RM500 million this year, the same as last year, to spur sales in its retail and commercial segments, sai......
April 16, 2015 09:51:26 am
KUALA LUMPUR: While keeping mum on speculation about a merger between Malaysia Building Society Bhd (MBSB) and Bank Islam Malaysia Bhd, MBSB president and chief executive officer Datuk Ahmad Zaini Othman said a merger with an Islamic financ... ...
April 16, 2015 09:48:02 am
KUALA LUMPUR (April 16): Shares of SBC Corporation Bhd rose more than 8% in early trade today on resurgent buying interest. At 9.23am, SBC Corp was up 8.l6% or 8 sen to RM1.06 with 108,410 shares traded. SBC Corp is an investment hol... ...
April 16, 2015 09:39:42 am
KUALA LUMPUR (Apr 16): The government of Malaysia on Thursday priced a dual-tranche $1.5 billion sukuk after attracting orders of $9.0 billion from Asia, Europe, the Middle East and the United States. The dual tranche 10 and 30-year ... ...
April 16, 2015 09:21:43 am
KUALA LUMPUR (April 16): The shares of My E.G. Services Bhd rose in early trade today after Hong Leong IB Research said the stock had been grossly oversold. At 9.08am, My E.G. rose 1.98% or five sen to RM2.58 with 393,100 shares done. ...
April 16, 2015 09:16:35 am
KUALA LUMPUR (April 16): The FBM KLCI edged up in early today in line with the regional uptrend, lifted by gains at selecvt blue chips. At 9am, the FBM KLCI rose 1.91 points to 1,842.04. The top gainers included British American Toba... ...
April 16, 2015 09:12:00 am
KUALA LUMPUR: The Penang government is in the final stages of exploration with Penang Sentral Sdn Bhd (PSSB) to build a 3.66km cable car service linking the mainland and island in the next three years. PSSB is a joint venture between Malays... ...
April 16, 2015 08:43:23 am
KUALA LUMPUR (April 16): The shares of My E.G. Services Bhd have been grossly oversold, according to Hong Leong IB Research. In a note today, the researcgh house said the stock was grossly oversold as substantiated by daily oscillators.... ...
April 16, 2015 08:42:17 am
TOKYO (April 16): Asian stocks took cues from a global surge in equities and rose on Thursday, while the dollar was on the defensive after weak U.S. economic data. MSCI's broadest index of Asia-Pacific shares outside Japan climbed 0.4 perce... ...
April 16, 2015 08:36:01 am
KUALA LUMPUR (April 16): AffinHwang Capital Research has maintained its “Hold” rating on Supermax Corporation Bhd (SUCB) at RM2.13 with an unchanged target price of RM2.11 and said SUCB’s issues over its utilities supply were likely to limit a re-......
April 16, 2015 08:32:09 am
KUALA LUMPUR (April 16) PublicInvest Research has maintained its “Neutral” rating on TRC Synergy Bhd (TRC) at 41 sen with a lower target price of 43 sen (from 54 sen) and said TRC, despite earnings weakness in recent years, is believed to see its ......
April 16, 2015 07:15:57 am
KUALA LUMPUR (April 16): The FBM KLCI is expected to trend higher today, taking the lead from the higher overnight close at Wall Street amidst improved local buying sentiment. U.S. stocks rallied following several strong earnings reports on... ...
April 16, 2015 06:53:20 am
NEW YORK (April 16): U.S. stocks rallied following several strong earnings reports on Wednesday, while European shares hit a 14-year high after the European Central Bank affirmed its loose policy stance. Oil rose sharply after U.S. governme... ...
April 16, 2015 06:50:43 am
(April 16): U.S. stocks closed higher on Wednesday, fueled by gains in oil companies and speculation that upcoming first-quarter earnings reports might not be quite as weak as previously thought. All 10 major S&P 500 sectors gained, wit... ...
