[ WALL Street’s main stock indexes eyed a higher open on Monday after a bruising sell-off in the previous session on the back of disappointing earnings from some big U.S. banks, while escalating tensions in the Middle East made investors wary. All three major indexes fell more than 1% on Friday, registering weekly losses. President … Read more
[ ANYONE well-versed with the Malaysian capital markets will espouse the idea that for solid and dividend bearing investments, it would be best to be banking on the banks, pun intended. While it is nothing new that lenders form a majority of the blue-chip companies on the FBM KLCI, the advent of private equity activities … Read more
[ WALL Street’s main stock indexes were on track for a lower open on Friday as most megacap growth stocks and chipmakers receded, while some big banks dipped after dour quarterly results. JPMorgan Chase & Co fell 2.8% in premarket trading after the bank’s forecast for its income from interest payments came in below analysts’ … Read more
[ SYDNEY: Asian shares tracked Wall Street lower on Thursday as sticky U.S. inflation forced markets to slash bets on how much the Federal Reserve might ease this year, sending the dollar flying to a 34-year high against the beleaguered yen. Europe is set for a subdued open ahead of the European Central Bank meeting, … Read more
[ PETALING JAYA: While welcoming the move by the Securities Commission (SC) to accelerate the transfer process of ACE Market companies to the Main Market, analysts and investment advisers say a parallel initiative should be given to firms in the LEAP Market too. This comes amid the general consensus among them that the speeding up … Read more
[ SINGAPORE: With the market for initial public offerings (IPOs) showing signs of making a comeback in 2024, competition to capture new listings among major stock exchanges in Singapore, the United States, Hong Kong and London is expected to intensify in the months ahead, say experts. “There will be a lot more competition for IPOs, … Read more
[ PETALING JAYA: Profit-taking activities ahead of the Hari Raya Aidilfitri holiday led to Bursa Malaysia finishing lower yesterday. At closing, the FBM KLCI fell 6.47 points, or 0.41%, to 1,553.51, rebounding from its intraday low of 1,553.43. In yesterday’s session, 18 of the FBM KLCI-component stocks ended lower while five counters traded higher and … Read more
[ PETALING JAYA: Malaysia’s year-to-date net foreign outflow, which has grown to RM1.21bil, is not something to be worried about, say analysts. The net selling trend by foreign investors on Bursa Malaysia has now stretched into its sixth consecutive week at RM336mil for the week ended April 5. However, Rakuten Trade head of equity sales … Read more
[ KUALA LUMPUR: The Securities Commission has revoked the Capital Markets Services Representative’s Licence (CMSRL) of Lim Chee Kuang on the basis he had submitted false and misleading information to the regulator in relation to his CMSRL application. In addition to revoking the licence, the SC imposed a reprimand against Lim for r failing to … Read more
[ KUALA LUMPUR: Bursa Malaysia and its subsidiaries will be closed on April 10 and 11 in conjunction with Hari Raya Aidilfitri 2024, subject to the official announcement by the Keeper of the Rulers’ Seal. In a statement, the stock exchange operator said both securities and derivatives markets will be opened under normal trading hours … Read more
