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NEW YORK: A shake-up in stocks accelerated by the past week’s surge in Treasury yields has investors weighing how far a recent leadership rotation in the US equity market can run, and its implications for the broader S&P 500 index.
KUALA LUMPUR: The previous week saw foreign investors becoming net sellers with outflow amounting to RM477.43mil against RM466.42mil in the preceding week, according to MIDF Research.
KUALA LUMPUR: The ringgit was slightly higher at opening on Tuesday, buoyed by mild interest despite the stable US dollar and lower crude oil price which is trading at US$63.69 per barrel, down by 1.13 per cent.
PETALING JAYA: The improving corporate earnings, supported by the reopening of the economy as the Covid-19 vaccination programme expands, will help lift the Malaysian equity market.
Brent crude futures jumped above $70 a barrel on Monday for the first time since the Covid-19 pandemic began.
KUALA LUMPUR: Foreign funds snapped their three-week selling streak and turned into net buyers with a net inflow of RM285.83mil last week, compared with a net outflow of RM477.43mil in the preceding week.
KUALA LUMPUR: Share prices on Bursa Malaysia kicked off the week on a strong note, with the FBM KLCI advancing 0.73% amid follow-through buying momentum.
The near doubling in the price of crude has helped make shares of oil and gas companies - for years a losing bet - one of the best performing areas of the market.
Top officials meeting in Beijing last week said they would push ahead with more equity-market reforms in 2021.