Asia markets brush off Y2K bug
Asian asset markets shrugged off potential millennium bug chills on the first day's trade in 2000, remaining infected instead with the high-tech stock fever that had sent shares soaring to record levels in 1999.Technology and communications plays drove stocks in Hong Kong and Singapore to fresh highs and a bug-free rollover pushed Malaysian shares up, while Manila was the blot on Asia's trading landscape, where half the markets were closed for public holidays.
40 scrips to go demat at DSE
AS many as 40 scrips would be traded in dematerialised form at the Delhi Stock Exchange from January 17 with 11 of them eligible for badla trading. With this, altogether 200 pivotals would be traded on paperless form at the local bourse as per Sebi's guidelines, DSE sources told UNI. As many as 160 shares are already being traded on demat form, the sources added. The eleven equities which would be entitled for the carry forward trading include Bausch and Lomb, Carrier Aircon, LML, SSI and Videocon International.
TVSE turns attractive on IT foray
Despite a 316 per cent appreciation in the last two months, marketmen are still bullish on TVS Electronics. The Chennai-based company, a leading manufacturer of computer peripherals, has recently forayed into software business.
Copyright © 1999 Indian Express Newspapers (Bombay) Ltd.