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: 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...
SYDNEY: Major stock indexes plunged in Asia on Monday as U.S. President Donald Trump showed no sign of backing away from his sweeping tariff plans, and investors bet the mounting risk of recession could see the Federal Reserve cutting rates as early as May. Futures markets moved swiftly to price in almost five quarter-point cuts in...
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: 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: 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...
