[ 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
[ KUALA LUMPUR: The FBM KLCI extended its gain and ended the day 0.26% higher on continuous buying support in heavyweights, in sync with regional markets. The benchmark index closed up 4.03 points to 1,539.86, lifted by gains in banking and plantation stocks. It moved between 1,541.15 and 1,535.32 throughout the day. For the week, … Read more
[ KUALA LUMPUR: AmInvestment Bank Bhd has made a mild upgrade to its end-2024 target for the FTSE Bursa Malaysia KLCI (FBM KLCI), increasing it to 1,550 points from 1,545 points previously following slight adjustments to banking earnings. The investment bank said its FBM KLCI earnings projections have been marginally tweaked by one to two … Read more
[ KUALA LUMPUR: Post reporting season, analysts are affirming bullish outlooks on the domestic stock market as they expect economic expansion to pick up the pace and stocks to shrug off the sluggishness of the past year. In a market strategy note, CGS International Research, encouraged by year-to-date gains in the FBM KLCI, said it … 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
[ KUALA LUMPUR: Bursa Malaysia tracked the negative sentiment aligning with the subdued performance of regional markets. The FBM KLCI closed down 1.51 points, or 0.1% to 1,547.60 after moving between 1,553.90 and 1,544.47. Stocks that fell outnumbered those that rose 633 to 443, with another 439 counters unchanged. Turnover stood at 3.74 billion shares … Read more
