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: 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...
SOME Singaporean companies are looking to sell shares in Malaysia’s booming market, as the city-state remains on track for its worst year for new stock listings in a quarter century. A shift would buck the historical pattern of Malaysian firms offering equity in Singapore, which has traditionally been seen as offering better access to global institutional...
KUALA LUMPUR: Bursa Malaysia is poised to enter a consolidation phase after riding high on strong economic growth and optimism on an interest rate cut in the US. The FBM KLCI opened 0.89 points higher at 1,628.38 after Wall Street posted a mixed performance overnight, indicating the current rally may be taking a breather. "After hitting three-year...
KUALA LUMPUR: Investors are continuing to take money off the table following a mixed performance on Wall Street, in response to a slightly dovish message by the US Federal Reserve. The FBM KLCI dropped one point to 1,574.97 at the open as investors digested the news of the latest Fed guidance. Overnight, the Fed stayed put on...
KUALA LUMPUR: Bursa Malaysia Bhd recorded an improved financial performance in FY23 as operating revenue rose amid an increase in trading activity In the fourth quarter of the financial year ended Dec 31, 2023, the stock exchange operator registered a net profit of RM59.55mil as compared to RM49.01mil in the same quarter in 2022. The exchange's basic earnings per...
KUALA LUMPUR: The benchmark FBM KLCI is expected to extend its recent gains given the less hawkish meeting minutes released by the US Federal Reserve, with the lower liners also expected to tick midly higher due to calmer market conditions, said Apex Research. Overnight, US stock markets recovered from their intraday losses to extend their rebound...
KUALA LUMPUR: Investors on Bursa Malaysia continued to position themselves for the tabling of Budget 2024 on Friday amid a global market rally as recent comments from US Federal Reserve officials suggested fears of another rate hike were overdone. At 12.30pm, the benchmark FBM KLCI was up 9.05 points to 1,445.54 while the overall market was...
