Bursa Malaysia remains on a slide as US rally takes breather

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...

Broad-based buying on Bursa Malaysia as regional sentiment stays positive

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...

Bursa ekes out slight gain as rally slows

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...

Soft start on Bursa following Fed comments

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...

10X Research anticipates significant correction for crypto and stocks

According to Markus Thielen, head of research at 10x Research, risk assets like crypto and stocks could see a “significant price correction” in the coming weeks. Sharing his insights in an April 16 investor note, Thielen wrote that the cryptocurrency market is moving towards a “crucial tipping point,” which could lead to a notable correction in prices....