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...
KUALA LUMPUR: Bursa Malaysia’s benchmark index rebounded on late buying to finish higher after falling into negative territory at midday amid dampened sentiment in the regional markets stemming from weaker United States (US) consumer confidence data. The FTSE Bursa Malaysia KLCI (FBM KLCI) rose 3.01 points, or 0.18 per cent, to settle at 1,673.38 compared with...
PETALING JAYA: While some private companies have chosen to offer a replacement holiday on Tuesday (Sept 17) due to the overlapping observances of Maulidur Rasul and Malaysia Day on Monday (Sept 16), it will be business as usual for Bursa Malaysia and civil servants. The Prime Minister's Department had said, in a statement, that there would...
KUALA LUMPUR: Foreign investors were net buyers of Bursa Malaysia equities for the fourth straight week with a total net inflow of RM798.3mil. The sustained inflow into the Malaysian market bucked the wider regional trend, where net foreign outflows were recorded, especially in Taiwan and South Korea. According to MIDF Research, there was a reversal in Asian...
PETALING JAYA: Main Market-bound 99 Speed Mart Retail Holdings Bhd reported a revenue of RM2.4bil for the second quarter ended June 31, 2024, reflecting a RM183.3mil or 8.2% year-on-year (y-o-y) increase, mainly attributed to higher sales led by the contribution from new outlets and positive impact from the bulk sales e-commerce platform. In a statement, the...
KUALA LUMPUR: The withdrawal of BlackRock's investment from Malaysia, if it happens, will have implications and negative impacts on efforts to realise the country's investment agenda, said Minister of Investment, Trade and Industry Tengku Datuk Seri Zafrul Abdul Aziz. BlackRock is a shareholder in various listed companies worldwide, including sovereign funds from Saudi Arabia, the United...
