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: 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: 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...
