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KUALA LUMPUR: Glove makers underpinned the FBM KLCI’s advance in early Friday trade as Covid-19 cases continued to surge, prompting stronger demand, while investor sentiment was also shored up by firmer external markets.
KUALA LUMPUR: Bursa Malaysia slumped in early Thursday trade on concerns about the political outlook for the country while the Covid-19 cases surged to a fresh high on Wednesday amid calls for stricter curbs.
KUALA LUMPUR: Bursa Malaysia started Wednesday on a cautious note after two days of volatility, with Tenaga Nasional, IHH Healthcare, Hong Leong Bank and Public Bank weighing on the FBM KLCI.
Stronger corporate earnings and ringgit key to renew foreign interest in the local bourse
KUALA LUMPUR: Key Asian markets including Bursa Malaysia fell in early Tuesday trade, tracking the overnight decline on Wall Street as investors’ sentiment was hit by rising Covid-19 cases.
KUALA LUMPUR: Shares of Top Glove Corp Bhd rose 1.8% in early trade Tuesday following the announcement of a special dividend of 20% and as the rout on glove makers easer.
KUALA LUMPUR: Foreign funds were behind the rout on Bursa Malaysia on Monday, with net selling of RM852.5mil, especially glove makers, when the regulated short selling (RSS) which came into effect.
KUALA LUMPUR: Foreign funds’ net selling on Bursa Malaysia totalled RM24.75bil in 2020, but the selling pressure was well absorbed by local retail investors.
JAKARTA: The Indonesian rupiah may be at the cusp of a rally. Its advance from the worst-performing Asian currency in the three months ended September to the second-best in the final quarter of 2020 signals potential for further gains.
KUALA LUMPUR: Foreign funds’ net selling on Bursa Malaysia totalled RM24.75bil in 2020 but the selling pressure was well absorbed by local retail investors.