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: Investors on Bursa Malaysia are taking time to digest recent gains as Wall Street ended mixed overnight ahead of the release of quarterly results from Big Tech. On Malaysia's main index, blue chips took a breather below the 50-day simple moving average after four consecutive days of gains with foreign funds returning to the...
KUALA LUMPUR: Bursa Malaysia started the week on a positive note with an improvement in market sentiment as US President Donald Trump adopted a calmer tone in handling geopolitical affairs. Continuing its recovery from the previous week, the benchmark FBM KLCI rose 2.63 points to 1,511.83, which puts the index at levels of trading prior to...
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: 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...
