KUALA LUMPUR: Bursa Malaysia remained broadly lower at midday amid weak market sentiment and selling in index-linked counters, alongside declines in regional bourses. The FBM KLCI fell 3.09 points, or 0.19% lower at 1,596.49, recovering from its intra-morning low of 1,590.83. Market breadth turned negative as losers outpaced gainers on a ratio of 466-to-402 stocks. Traded volumes...
KUALA LUMPUR: The FBM KLCI bounced higher on Friday as investors picked up bargains although activity remained lacklustre. At the opening bell, the FBM KLCI rose 1.78 points to 1,603.86, on course to end the week above the key 1,600 support level. According to Rakuten Trade, there are heightened concerns over inflation after the US producer price...
KUALA LUMPUR The outflow of foreign funds from Bursa Malaysia continued for a seventh straight week, with a weekly net outflow of RM761.4mil. An exodus of foreign funds has been seen across key Asian markets, although MIDF Research reported there was net foreign buying of Asian equities in the eight markets it monitored for the first...
KUALA LUMPUR: Sapura Energy Bhd has clarified that the timeline for the completion of its proposed regularisation plan mentioned in an article carried in StarBiz 7 on Nov 23, 2024, remains an aspirational target. In a statement, the group said the target was "overly optimistic and conditional, among others, upon the approvals required for the proposed...
KUALA LUMPUR: Bursa Malaysia finished slightly higher on Wednesday as gains in utility stocks helped offset selling pressure in the plantation sector. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 1.10 points to 1,604.25 from Tuesday’s close of 1,603.15. The benchmark index opened 1.81 points lower at 1,601.34 and moved between 1,600.83 and 1,609.41...
KUALA LUMPUR: The FBM KLCI bounced higher on Monday as announcements of corporate results are expected to pick up in the final week of the reporting period. The main index rose 4.09 points to 1,593.87, fuelled by a rise in plantation stocks. Malacca Securities Research said it anticipates positive trading activity in the gold and oil and...
KUALA LUMPUR: The domestic market remained wobbly on Wednesday as the Trump-inspired rally on Wall Street took a breather while investors digested recent gains. At the opening bell, the benchmark FBM KLCI was 0.18 points higher at 1,608.61, but slipped slightly to 1,604.83 in the first five minutes of trading. The local bourse has been trading lower...
KUALA LUMPUR: Bursa Malaysia maintained its lead at midday as the US presidential election went underway with most key Asian markets nudging higher. At 12.30pm, the benchmark FBM KLCI gained 5.81 points to 1,626.51 with banks and utilities lifting the market. Overall, there were 591 gaining stocks on the market compared to 349 declining. The share turnover was...
KUALA LUMPUR: Bursa Malaysia closed at its intraday high on Monday, driven by bargain hunting in heavyweights with a focus on plantation and construction stocks. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 12.45 points, or 0.77 per cent, to 1,616.43 from Friday’s close of 1,603.98. The benchmark index opened 3.77 points firmer at...
KUALA LUMPUR: Cautious trading is set to continue on Bursa Malaysia this week, driven by the bearish outlook on the global economy amid rising geopolitical tensions in the Middle East. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said despite Hong Kong’s Hang Seng continuing its upward trend, supported by optimism surrounding China’s ongoing...
