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KUALA LUMPUR: SHARE prices on Bursa Malaysia are likely to trade within a narrow band this week with investors cautious amid lingering concerns over the crisis in Libya and the anticipated economic setback from the massive earthquake which hit Japan last Friday, dealers said.
THE Malaysia Derivatives Exchange (MDEX) crude palm oil (CPO) futures prices slipped on long liquidation pressure and traded below its three-week-old band support levels in early trading but managed an upward rebound towards late week before closing Friday with small losses.
SHANGHAI: China's central bank loosened its grip on the yuan on Saturday by doubling the daily trading range for the currency, adding teeth to a promise it would allow market forces to play a greater role in the economy and its markets.
SEOUL: Big Hit Entertainment, the management label of hugely popular South Korean K-Pop group BTS, has priced its initial public offering (IPO) at the top of its range, as hopeful buyers chased South Korea’s largest listing in three years.
Stock Market Signals: A weekly column on the Main Board of the Kuala Lumpur Stock Exchange by G.M. Teoh.
Forecasting Price Trends: A weekly column by G.M. Teoh on Crude Palm Oil, Soyoil, Cocoa and Cash-Tin.
SINGAPORE: Singapore on Friday loosened monetary policy by slowing the pace at which it will let its currency appreciate, the central bank said, sending the currency sharply higher.