KUALA LUMPUR: Suggestion from a top US policymaker that the trade conflict between the US and China was not sustainable and will "de-escalate" helped buoy global market sentiment on Wednesday. At the starting bell, Malaysia's benchmark index leapt 11.11 points to 1,497.36, tracking Wall Street's overnight surge as remarks from US Treasury Secretary Scott Bessent raised...
KUALA LUMPUR: The benchmark FBM KLCI was flirting with the 1,500 mark in early trading as investors held on to gains amid a slight uptick in positive sentiment. At the opening bell, the main index rose 2.68 points to 1,502.08, briefly surpassing the resistance before retreating to sit flat on the hurdle. According to Rakuten Trade, the...
KUALA LUMPUR: The selling of Malaysian stocks by offshore funds slowed signifantly in the past week to RM330.5mil net from a whopping RM1.97bil in the previous week, said MIDF Research in its weekly fund flow report. There was foreign selling on every day of the week except for Friday, which registered a marked drop in trading...
KUALA LUMPUR: Domestic equities prices shot up on Monday following the weekend announcement that the US was allowing tariff exemptions on smartphones and electronics. The move suggested the Trump administration was finding ways to ease the downwards pressure of tariffs on the US economy and bond prices, raising investor sentiment and sending global equities prices higher. At...
KUALA LUMPUR: Bursa Malaysia's main index ended the early session on a strong rebound, in line with regional markets, as investors turned their sights to China on more plans to stimulate the economy. At 12.30, the FBM KLCI was up 17.07 points to 1,529.22 while the market was broadly higher with 655 stocks rising as compared...
KUALA LUMPUR: The weakness on the domestic stock market persisted on Friday following a plunge on Wall Street overnight amid the uncertainty over US tariffs. At the opening bell, the benchmark FBM KLCI dropped 3.16 points to 1,555.75. Bank stocks remained mixed on Friday following the decline in the previous session. CIMB rose five sen to RM7.55 while...
KUALA LUMPUR: Bursa Malaysia slumped on Tuesday under heavy selling pressure, with decliners overwhelming gainers by over seven to one, reflecting weak market sentiment following the implementation of U.S. President Donald Trump’s tariffs. The FBM KLCI was down for the fourth straight day, tumbling 15.73 points, or 1%, to close at 1,555.66, slightly above its intraday...
KUALA LUMPUR: The FBM KLCI extended its rally for the fourth straight session, supported by broader optimism as markets abroad mostly closed higher. The 30-stock index rose 5.74 points, or 0.36%, to close at 1,590.91 points. For the week, the index jumped 33.99 points or 2.18%. Daily gainers for FBM KLCI constituents at 15 counters outweigh the...
KUALA LUMPUR: Bursa Malaysia plunged into negative territory again on Wednesday, with almost 1,000 counters closing in the red as investors continued to offload shares amidst weak market sentiment. The FBM KLCI slid 14.34 points, or 0.91%, to 1,562.12, its lowest level since August 2024. All indices ended lower, with the construction sector hit the hardest,...
KUALA LUMPUR: Bursa Malaysia opens on a steady note this Friday, driven by positive momentum from year-end window dressing activities, which continue to support market sentiment. At 9:14 am, the FBM KLCI rose 7.35 points, or 0.46%, to 1,621.05, after opening 3.86 points higher at 1,617.56. Among the gainers, United Plantations surged 64 sen to RM31.24, Tenaga...
