[ 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
[ SINGAPORE: Asian stocks rose to a seven-month peak on Friday, tracking global peers as investors cheered the prospect of an imminent rate easing cycle led by major central banks, keeping the dollar and Treasury yields under pressure. Japan remained an outlier as expectations mount that the Bank of Japan (BOJ) could finally exit negative … Read more
[ NEW YORK/LONDON: Global stock indexes rallied to record highs on Thursday, while government bond yields fell after the European Central Bank held interest rates steady and Federal Reserve Chair Jerome Powell reiterated that easing was likely in 2024 if inflation behaved. The yield on benchmark 10-year U.S. Treasury notes hit a near one-month low … Read more
[ NEW YORK: Wall Street followed world shares to a higher close on Wednesday and the benchmark U.S. Treasury yield dipped to a one-month low after Federal Reserve Chair Jerome Powell reassured investors that while inflation is not quite tamed rate cuts can be expected this year. All three major U.S. stock indexes closed well … Read more
[ KUALA LUMPUR: The local benchmark stock index managed to keep slightly ahead at midday after a volatile session in which early gains were mostly erased in the latter half of the morning. The sentiment on the local bourse has been capped by uncertainty over the impending release of the US personal consumption expenditures report, … Read more
[ KUALA LUMPUR: The volatility in the domestic market in the previous session could continue ahead of the much-anticipated US personal consumption expenditure (PCE) report, which will offer more clues as to the direction of US interest rates. Apex Securities Research said it is expecting the downside to prevail as the PCE, the US Federal … Read more
