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KUALA LUMPUR: The FBM KLCI headed for its support of 1,550 as US President Donald Trump pushed on with trade war rhetoric and threatened to delay a scheduled Dec 15 first-stage agreement with China.
KUALA LUMPUR: Alam Maritim Resources Bhd emerged as one of the most actively traded counter on Bursa Malaysia, rising over 7.6% in early trade after securing contracts worth RM19.7mil.
KUALA LUMPUR: Stocks to watch on Wednesday include Ekovest Bhd, Icon Offshore Bhd, Kim Hin Industry Bhd, Alam Maritim Resources Bhd and Mitrajaya Holdings Bhd, according to JF Apex Research.
KUALA LUMPUR: Key Asian markets were in a sea of red on Thursday, with Bursa Malaysia also joining suit as losses by Petronas-linked stocks weighed on the FBM KLCI as the US-China trade tension showed no signs of abating.
KUALA LUMPUR: The FBM KLCI took a steep fall on Thursday as deteriorating relations between the US and China triggered a selloff in global markets.
KUALA LUMPUR: Asian markets closed weaker on Wednesday on rising US-China tensions while some selling of Petronas-linked stocks pushed the FBM KLCI into the red but above the key 1,600 level.
KUALA LUMPUR: Conflicting messages over the US-China trade war put global equities on the back foot on Wednesday as the recent bout of investor optimism began to wane.
KUALA LUMPUR: The FBM KLCI managed to cling on the key 1,600 level early Wednesday as Petronas Gas, Public Bank, Telekom Malaysia and Tenaga Nasional slipped amid lack of fund support.
KUALA LUMPUR: Alam Maritim’s 3Q19 results came in above Maybank Investment Bank Research’s expectation, led by an earnings turnaround at its underwater division.
KUALA LUMPUR: Alam Maritim Resources Bhd posted its first quarterly net profit in more than two years on the back of higher contribution and better margin from its offshore, installation and construction (OIC) business.