KUALA LUMPUR: Bursa Malaysia remained lower at lunch break while the regional market performance was mixed amid positive sentiment underpinned by expectations of easing trade tension between China and the US. At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) decreased 4.28 points, or 0.26 per cent, to 1,612.55 from Tuesday’s close of 1,616.83. The benchmark index opened 0.73 of a point firmer...
KUALA LUMPUR: The FBM KLCI edged higher at midday, supported by broad gains amid lingering external uncertainties. At midday, the market barometer rose 2.68 points, or 0.17% to 1,614.14 after hitting an intramorning high of 1,619.58. There were 584 gainers, 383 losers and 471 counters traded unchanged on the Bursa Malaysia. Turnover stood at 2.46 billion shares...
KUALA LUMPUR: The FBM KLCI opened lower and slipped below the key 1,600 level this morning, despite the U.S. Federal Reserve’s widely expected interest rate cut. The FBM KLCI fell 11.86 points, or 0.74%, to 1,599.84 at 9.11 am, after opening 4.84 points lower at 1,606.86, dragged down by PETRONAS-linked counters. Among the losers, Nestle slid 84...
KUALA LUMPUR: The US's announcement of the revised tariff rate for Malaysia - higher than before trade negotiations had begun - came as a negative surprise to investors on Tuesday. The benchmark FBM KLCI extended its fall by 7.85 points to 1,529.69. In the first batch of letters sent out to trade partners, the Trump administration raised...
KUALA LUMPUR: There remains a cautious undertone on the domestic market as investors are monitoring closely the ceasefire between Iran and Isreal, although blue chips have slowly crept up on growing optimism. Following a mixed performance on Wall Street, the FBM KLCI rose 0.45 points to 1,520.24, a marginal increase that remained capped by the overhead...
KUALA LUMPUR: Bursa Malaysia ended today’s morning session firmer amid improved sentiment and risk appetite following the development of a ceasefire between Israel and Iran. At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 6.38 points, or 0.42 per cent, to 1,520.67 from Tuesday’s close of 1,514.29 The FBM KLCI, which opened 4.38 points firmer...
KUALA LUMPUR: There was little to move the Malaysian market barometer on Thursday after the US Federal Reserve announced its widely expected decision to keep the interest rate unchanged, followed by a flat performance on Wall Street. The domestic benchmark index eked out a 1.05-point gain to 1,512.94 at the start of trading, suggesting investors remained...
KUALA LUMPUR: The upward momentum on Bursa Malaysia continued on Monday as there has been a swell of optimism that trade negotiations between the US and China are likely to kick off in the near term. At 9.05am, the benchmark FBM KLCI was up 2.84 points to 1,545.33, with the buying interest picking up where it...
KUALA LUMPUR: The FBM KLCI experienced a mild pullback as trading commenced on Friday after a one-day Labour Day holiday, with investors taking profit off strong gains from earlier in the week. The FBM KLCI slipped 2.8 points to 1,537.42 despite Wall Street's rally overnight on the back of stronger-than-expected earnings by Meta Platforms and Microsoft. Nvidia...
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia. Sime Darby Property Bhd, in collaboration with Tenaga Nasional Bhd, has become the first company to harness the power of solar energy under the country's National Energy Transition Roadmap via community renewable energy aggregation mechanism initiative. Duopharma Biotech Bhd, in which Permodalan...
