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KUALA LUMPUR: The FBM KLCI wrapped up the morning session slightly lower as most bank stocks extended their losses for the week following Bank Negara's signal on Wednesday that there is room for a further interest rate cut.
SHANGHAI: China’s currency and bond markets have been devoid of traders as coronavirus cases continue to climb. That has made it tougher to gauge the outbreak’s market impact.
KUALA LUMPUR: CGS-CIMB Equities Research is maintaining its Add call for Duopharma Biotech with a lower target price of RM1.90 compared with the earlier RM2.03.
KUALA LUMPUR: Equity markets slid on fading hopes that the Covid-19 coronavirus outbreak had peaked.
KUALA LUMPUR: Blue chips closed higher on Tuesday, underpinned by a rebound in Petronas Chemicals, Tenaga Nasional and Maybank as sentiment perked up following a firmer China market.
KUALA LUMPUR: The ringgit snapped its four-day losing streak to opened higher against the US dollar ahead of the fourth-quarter gross domestic product announcement by the Bank Negara Malaysia tomorrow.
MILAN: Consolidation in Italy’s banking industry will probably be postponed – again.
The dollar surged by 1.14% to 98.496 largely underpinned by stronger economic data, signalling that the US economy remains resilient despite concerns over slower global growth.
KUALA LUMPUR: Strong gains in MISC and the banking sector helped to keep the positive momentum going on the FBM KLCI, which extended its rebound for a third straight day.
Overall improvement in quarterly earnings expected