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Hot stock market and low FD rates recipe for money going into risky investments
KUALA LUMPUR: Bursa Malaysia failed to hold on to this week’s gains and closed lower, on profit taking in selected heavyweights and consumer counters.
KUALA LUMPUR: The domestic market was seen recovering nearly all its losses despite the profit-taking mood, which helped to reaffirm the bullish sentiment in equities.
KUALA LUMPUR: Bursa Malaysia succumbed to profit-taking on Friday after a seven-day winning streak as investors jumped on the recovery bandwagon.
KUALA LUMPUR: Berjaya Corporation Bhd (BCorp) is seeking shareholder ratification of the disposal of its trust beneficial interest in Four Seasons Hotel & Hotel Residences Kyoto in Japan to Godo Kaisha Tigre for Japanese yen 50.79 billion (about RM2.06 billion).
KUALA LUMPUR: The FBM KLCI ended the morning session at 1,550 points as the risk appetite continued to grow amid improving investor sentiment.
KUALA LUMPUR: The FBM KLCI leapt higher on Thursday amid the ongoing lift in global equities prices, with banks at the forefront of the advance.
PETALING JAYA: The rally in the local stock market continued, as investors took positions on expectations of a quick recovery in the economy from the coronavirus (Covid-19) pandemic.
PETALING JAYA: All listed banks on Bursa Malaysia rallied yesterday as share prices of most banks, with the exception of BIMB Holdings Bhd, hit their highest level in three months.