Breakfast briefing: Friday, April 21 (Update)


The EPF bought nearly 20 million IOI Corp shares in early March

MarketWrap: US stocks rallied on Thursday, with the Nasdaq closing at a record, as a round of solid earnings led by American Express pushed equities higher. The DJIA rose 174.22 points, or 0.85%, to 20,578.71, the S&P 500 gained 17.67 points, or 0.76%, to 2,355.84 and the Nasdaq added 53.74 points, or 0.92%, to 5,916.78. - Reuters

Energy

Oil prices ended mixed on Thursday after a seesaw trading session, as investors weighed rising US production against geopolitical uncertainties and comments from leading Gulf oil producers that an extension to Opec-led supply cuts was likely. Brent futures posted modest gains, however, ending up 6 cents to US$52.99 a barrel. - Reuters

Forex summary

*The ringgit gained 0.14% to 4.3923 per US$

*It gained 0.67% to 4.7071 versus euro

*Up 0.44% to 5.6219 per pound sterling

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Unisem expects performance boost amid semiconductor recovery
Gadang wins RM280mil data centre contract
S P Setia unveils Casaville single-storey bungalows in Setia EcoHill, Semenyih
FBM KLCI rebounds to hit fresh two-year high
Asian FX subdued after mixed US data; equities set for weekly gains
Global manufacturing activity recovery to continue gradually into 2024 - S&P Global
Country Garden plans to present debt revamp plan in second half, sources say
Oil prices on track to snap two-week losing streak
MAA Group sells entire 58% stake in Turiya for RM52.86mil
Majuperak, Shizen to explore solar photovoltaic development in Perak

Others Also Read