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KUALA LUMPUR: MIDF Research is cautious about Bursa Malaysia as the second downward thrust or fallout phase, may later emerge, possibly in the third quarter, as the fuller extent of economic and corporate earnings impact of Covid-19 become manifest.
KUALA LUMPUR: Shares in Pavilion Real Estate Investment Trust (Pavilion REIT) fell in early trade Friday after it posted a lower earnings in the first quarter ended March 31.
PETALING JAYA: Selected automotive players are already seeing strong pick-up in bookings, an indication that the industry is already on the path to recovery.
PETALING JAYA: Malaysia’s industrial production index (IPI), which plunged by a record 32% in April, is expected to improve in the coming months as the government allowed more industries to resume operations in May.
KUALA LUMPUR: Bursa Malaysia marked its sixteenth consecutive week of foreign selling last week, according to MIDF Research.
KUALA LUMPUR (Bernama): The FTSE Bursa Malaysia KLCI (FBM KLCI) is likely to rise further next week on the back of better overnight Wall Street performance on Friday coupled with the recently-announced National Economic Recovery Plan (PENJANA) incentives.
PETALING JAYA: Malaysia’s trade balance for April 2020 suffered its largest deficit since 1984 but could return to a surplus for May, according to economists.
KUALA LUMPUR: Shares of Gabungan AQRS Bhd rose in early trade Thursday, after the company announced that it has secured a RM36.73mil contract to undertake drainage works for the East Coast Rail Link (ECRL) project in Pahang.