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KLCI closes up on last minute buying

KUALA LUMPUR: Malaysia's FBM KLCI rebounded to close higher in late fund buying on Thursday after staying in the negative zone throughout the day as market sentiment in Europe and Asia perked up.


FBM KLCI lower at midday

KUALA LUMPUR: The FBM KLCI closed lower at midday, down 5.5 points to 1,884.05 points with losers leading gainers 390 against 278, with 328 counters unchanged.


Soft earnings seen for banks

PUBLIC BANK Bhd, Hong Leong Financial Group Bhd (HLFG) and RHB Capital Bhd (RHBCap) are Alliance DBS Research’s top picks for Malaysian banks.


MH17 Crash: Asian markets and KLCI skid, MAS in focus

KUALA LUMPUR: Key Asian markets including Malaysia's skidded on Friday as investors avoided equities following worries about rising geopolitical risks, triggered by the tragedy over the Malaysia Airlines flight MH17.


MMHE group’s order book replenishment disappointing

PETALING JAYA: Malaysia Marine & Heavy Engineering Holdings Bhd’s (MMHE) prospects are heading south, as analysts are expecting it to face a slower momentum in replenishing its near-all-time low order book.


Record prices for oil palm estates in Sabah and Sarawak

PETALING JAYA: Oil palm estates in Sabah and Sarawak are experiencing new benchmark pricing despite weaker crude palm oil (CPO) prices as cash-rich plantation groups expand their domestic landbanks amid rising policy uncertainties in Indonesia.


Economic Report 2014-15: Higher revenue from non-financial public enterprises

KUALA LUMPUR: The government expects the non-financial public enterprises (NFPEs) such as Petroliam Nasional Bhd (Petronas) to perform well with total consolidated revenue rising 6.8% to RM480bil in 2014 (2013: 6.7%; RM449.4bil).


Mah Sing eyes RM350m sales in Penang

GEORGE TOWN: Mah Sing Group Bhd is targetting total property sales of RM300mil to RM350mil in Penang this year - a figure that is about 11% of the group’s overall projected sales in 2015.


KLCI reverses 6 days of losses at midday, climbs 13 points

KUALA LUMPUR: After bucking the trend in the regional markets yesterday and closing in the red, the FBM KLCI reversed six sessions of losses in morning trade on Thursday, adding 0.79% at the break, with MISC and Tenaga leading the charge.


Pharmaniaga names new chairman and four directors

PETALING JAYA: Pharmaceutical firm Pharmaniaga Bhd has appointed a new chairman and four new directors to its board effective July 17.