[ KUALA LUMPUR: The rally on Wall Street overnight is likely to spill over to the domestic market even as observers note that Bursa Malaysia’s own corporate earnings could lift trading sentiment. “We anticipate the FBM KLCI to trade in positive territory, supported by a slew of stellar corporate earnings and positive sentiment from the … Read more
[ KUALA LUMPUR: Bursa Malaysia ended lower on Wednesday, echoing regional equity performances on profit-taking in index-linked stocks. The market bellwether FBM KLCI was down 2.04 points to 1,529.33 after a bout of profit-taking following a steep increase yesterday. The index hit an intraday high of 1,530.95. There were 387 stocks advancing against 503 stocks … Read more
[ KUALA LUMPUR: Bursa Malaysia reopened after the Chinese New year weekend with renewed bullish sentiment as global markets have turned optimistic on positive US corporate earnings and expectations of normalising inflation rates. Ahead of the release of US inflation data later tonight, the Dow Jones continued to push higher although there was some slight … Read more
[ KUALA LUMPUR: Bursa Malaysia stayed slightly positive at midday as regional markets fought to stay optimistic over Beijing’s attempts to shore up the ailing economy. News that the world’s second-largest economy had recorded a second month of deflation in January worsened fears of prolonged economomic slowdown. However, Chinese markets remained on a rally, spurred … Read more
[ KUALA LUMPUR: There could be some sideways movement on the domestic market as the Chinese New Year festive period approaches even as investors turn their attention towards further economic developments. Apex Securities Research said the FBM KLCI has stabilised above the 1,500 psychological level, and could extend the sideways trend above the support. Meanwhile, … Read more
[ KUALA LUMPUR: Malaysia’s benchmark stock index stayed in positive territory at midday on the back of Wall Street’s overnight performance. At 12.30pmn, the FBM KLCI was up 6.16 points to 1,497.35 while the braoder market recorded a positive breadth of 488 gainers to 404 decliners and 419 unchanged. The trading volume was 2.92 billion … Read more
[ KUALA LUMPUR: Bursa Malaysia turned bearish in yesterday’s trading as the global sentiment turned negative on anxieties over the policy direction of the US central bank. The benchmark FBM KLCI dove over seven points or 0.5% on profit-taking activities, marking the start of further declines in the week ahead. Meanwhile, the lower liners are … Read more
[ KUALA LUMPUR: Malaysia’s benchmark stock index climbed on Monday as China defied expectations of an interest rate cut but injected fresh funds into the banking system. At 12.30pm, the FBM KLCI was up 8.67 points to 1,496.01 while the overall market was positive with 463 gainers compared to 417 decliners. Trading over the morning … Read more
[ KUALA LUMPUR: The profit-taking activity on Bursa Malaysia intensified over the early session as investors cashed in on recent gains after buying up the market for five straight days. At 12.30pm, the benchmark FBM KLCI had fallen 10.3 points to 1,488.53 while the number of decliners on the broader market dwarfed gainers 611 to … Read more
[ KUALA LUMPUR: The FBM KLCI jumped at midday and headed towards a four-day winning streak. At 12.30pm, the benchmark index rose 8.18 points, or 0.55% to 1,495.79 on continuous buying support in heavyweight stocks. There were 635 gainers, 401 losers and 394 counters traded unchanged on the Bursa Malaysia. Turnover stood at 4.32 billion … Read more
