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Overview: The local bourse continued its uptrend over the past week as concerns about a trade war and the Syrian conflict seem to have been pushed to the sidelines of investors’ imagination.
NEW YORK: Wall Street closed sharply lower Tuesday, with each of the major U.S. indexes suffering their fourth decline in five sessions, fueled by a selloff in the tech sector.
SAN FRANCISCO: Qualcomm Inc shareholders think Broadcom Ltd is trying to buy their company for a steal. They’re so weary they might let it happen anyway.
PANSAR Bhd (code: 8419) experienced a surge in share price over Thursday and Friday to bring it to its highest level since 2010.
REVIEW: The ringgit, whose growing strength has helped improve sentiment in the local equities market, captured investor attention over the course of the last trading week.
Review: While trading volume remained high and the FBM KLCI edged higher, breadth in the broader market was largely negative during the course of the week with more losing counters than gainers. Institutional investors continued paring down their holdings while foreign investors mopped up.
The alternative view by M. Shanmugam
BUILDING a sustainable economic growth model also means allowing it to be commercially driven. The private sector should be left to manage areas where it has proven itself capable of running it better than the public sector.
THE Federal Reserve anticipates continued monetary tightening in 2018, as it seeks to match 2017’s pace of interest-rate hikes with another three quarter-point moves. As always, however, that projection depends on actual economic outcomes.