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THE local stock market snapped a five-day losing streak yesterday, with the KLSE Composite Index (CI) closing 9.88 points higher at 629.10 on bargain hunting and signs of reduced tension between the United States and Iraq.
FINANCIALLY weak MCM Tech-nologies Bhd is not keen to stay that way for too long. Even so, the company#039;s officials are bold about not allowing the losses to weigh down its long-term goals.
GIVEN AMMB Holdings Bhd's latest set of results that failed to excite, most analysts prefer to closely watch how well the country's fifth largest banking group's planned merger between commercial bank AmBank Bhd and finance company AmFinance Bhd will eventually pan out.
THE latest financial results reported by banks reveal the fact that earnings are mainly driven by lower provisions for non-performing loans and growth is rather difficult to achieve amid the continued slow loans growth in the country.