[ KUALA LUMPUR: An air of uncertainty remains on the domestic market following two days of recovery as the tensions in the Middle East subside and investors digest the latest developments in the US economy. The FBM KLCI opened 1.54 points higher on Friday at 1,546.3 points, as investors continued to retrace losses made the … Read more
[ KUALA LUMPUR: An extended rebound on Bursa Malaysia was capped on Thursday as investors priced down equities amid a more hawkish outlook on the global interest rate environment. The benchmark FBM KLCI ended a four-day losing streak yesterday, supported by purchases from local institutions, but it was a brief reprieve from the mounting selling … Read more
[ KUALA LUMPUR: Volatility is taking root on Bursa Malaysia on Friday ahead of a US jobs report, even as the steep decline on Wall Street overnight paved the way for selling in equities. The FBM KLCI opened 2.17 points lower at 1,551.07 with Press Metal leading the decline after a strong rally in the … Read more
[ KUALA LUMPUR: The domestic stock index opened on a slight rebound following the previous day’s sharp decline as Wall Street markets ended mixed overnight and eurozone inflation data improved the prospects of interest rate cuts. At the opening bell, the FBM KLCI was up 1.97 points to 1,538.98. “Moving forward, we expect some mild … Read more
[ KUALA LUMPUR: Bursa Malaysia pulled back following a sharp sell-off on Wall Street overnight amid diminishing hopes of a cut to the US lending rate in June. After three consecutive sessions of gains, the benchmark FBM KLCI dipped 0.7 points to 1,547.29. The biggest fall was seen in PETRONAS Dagangan, shedding 36 sen to … Read more
[ KUALA LUMPUR: The FBM KLCI opened lower on Tuesday as the positive momentum on the domestic market took a breather following a solid 1Q rally. At 9am, the key index was down 0.49 points to 1,543.53, with mild profit-taking on the previous day’s gains. In a note, Apex Securities Research suggested that a pull … Read more
[ KUALA LUMPUR: The outflow of foreign funds from Bursa Malaysia picked up again in the past week to RM435.1mil net, which represented a 38.6% increase over the prior week. According to MIDF Research, the stock exchange started the week with an inflow of offshore funds on Monday, amounting to RM13.7mil net. Thereafter, there was … Read more
[ KUALA LUMPUR: Malaysia’s benchmark stock entered the lunch break more than 10 points higher as investors picked up blue chips ahead of a key US inflation reading. As the market paused for the end of the early session, the key index stood 10.65 points higher at 1,541.25, en route to a strong first quarter … Read more
[ KUALA LUMPUR: Bursa Malaysia struggled to keep the positive momentum going as hot US inflation data threatened to keep interest rates higher for longer, dampening the investment mood. Wall Street stocks ended lower overnight as the US’s February producer price index came in at a higher-than-estimated 0.6%, which could delay the start of interest … Read more
[ KUALA LUMPUR: Investors cashed out on gains made earlier in the week to take Malaysia’s benchmark index back to last Friday’s closing level. At 12.30pm, the FBM KLCI was down 14.86 points to 1,539.7, erasing the advance made over the last two trading sessions, while lower liners on the market were mostly negative with … Read more
