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KUALA LUMPUR: Late fund buying of Sime Plantation and Tenaga enabled the FBM KLCI to close off Thursday's intra-day low but the broader market remained weak with banks among the decliners ahead of the Q2 GDP data on Friday.
KUALA LUMPUR: Kenanga research said Wilmar International's 2Q19 core net profit came in broadly wtihin expectations at US$111mil, which represents 40% and 38% of its and consensus full-year estimates respectively.
KUALA LUMPUR: Blue chips staged a relief rebound on Wednesday led by CIMB and Dialog, tracking the key Asian markets, after the US delayed tariffs on some Chinese goods.
KUALA LUMPUR: Key Asian markets including Bursa Malaysia staged a rebound early Wednesday as investors took heart from the US move to delay tariffs on some Chinese imports, underpinned by gains in Tenaga Nasional and Petronas Chemicals.
KUALA LUMPUR: Key Asian markets were routed on Tuesday, with losses ranging from 1.05% to 2.1% on growing worries about the US-China trade war, weaker China economy and weaker economic data.
KUALA LUMPUR: Key Asian markets fell early Tuesday as worries about the worsening US-China trade war and the fallout on economies while at Bursa Malaysia, profit taking on Public Bank and Hong Leong Bank weighed on the FBM KLCI.
KUALA LUMPUR: Blue chips gave up all their early gains on Friday to close on a lacklustre note, weighed by some selling of banks and plantations in the absence of strong corporate or economic news to sustain buying interest.
KUALA LUMPUR: Bursa Malaysia snapped its recent losing streak on Thursday, in line with most key regional markets, on better-than-expected Chinese export data and firmer yuan.
KUALA LUMPUR: Negative news from Genting Malaysia's acquisition of Empire Resorts Inc spilled over to its parent Genting Bhd on Wednesday while Public Bank continued to see sustained fund selling.
KUALA LUMPUR: Genting Malaysia, Genting Bhd and Public Bank fell in early Wednesday trade and their losses weighed on the FBM KLCI despite the steadier key Asian markets after the overnight rebound on Wall Street.