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CIMB's record Q1 earnings underpin KLCI advance

KUALA LUMPUR: CIMB Group's record quarterly earnings helped underpinned the FBM KLCI's higher close on Wednesday but the broader market reflected a more cautious outlook despite the firmer crude oil prices.

Profit taking on Petronas stocks weighs on KLCI, local funds continue selling

KUALA LUMPUR: Profit taking of Petronas-linked stocks weighed on the FBM KLCI on Friday as the 30-stock index ended flat as fund buying was seen in banks and Genting Bhd.

MIDF Research starts coverage on Tasco with ‘buy’ call

PETALING JAYA: Logistic companies are still getting much love from the market, with investors smitten by the sector’s close link with the country’s booming e-commerce industry.

Trading volume hits 1b in first hour Wednesday, KLCI climbs

KUALA LUMPUR: Blue chips piled on their gains early Wednesday, supported by fund buying of Public Bank and Petronas Gas while trading volume crossed one billion shares in the first hour.

KLCI closes on firm note on foreign buying

KUALA LUMPUR: Blue chips closed higher on Tuesday, with strong fund buying of Petronas Dagangan, Genting Bhd and RHB Bank, despite the weaker ringgit, while key Asian markets were mostly higher.

Share price of logistic firms continue to rise

PETALING JAYA: After having already rallied over the last few weeks, some logistics counters continued to rise, although analysts have attributed specific reasons as to why three particular stocks performed well

KLCI ends Monday in the red as banks, Genting slip

KUALA LUMPUR: Blue chips closed lower on Monday as selling pressure picked up in the afternoon session, mirroring the key cautious Asian markets, with banks and Genting Bhd among the top losers.

Logistics counters rally

PETALING JAYA: Logistics and courier companies rallied strongly yesterday ahead of a reported meeting between Alibaba Group Holding Ltd’s executive chairman Jack Ma (pic) and Prime Minister Datuk Seri Najib Tun Razak this week for the launch of a new regional distribution hub in Malaysia.

Tiong Nam’s regional trucking push

TIONG Nam Logistics Holdings Bhd, which started cross-border trucking in early 2000, is now planning for longer routes cutting through Thailand, Vietnam and Laos to reach China.

Tasco Logistics surges to Nov 2015 high on expansion plan

KUALA LUMPUR: Tasco Logistics Bhd's share price rose to RM1.83 on Monday, the highest since November 2015, as the company plans to ramp up its expansion in the cold chain logistics segment.