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KUALA LUMPUR: Malaysian semiconductor counters picked up in early morning trade following the sector's positive performance on Wall Street last week amid growing optimism over a sustained rebound.
KUALA LUMPUR: The FBM KLCI returned to the 1,600-point level, extending its decline for a second day after glove stocks failed to hold on to gains made earlier in the week.
Returning investor interest in glove stocks amid the Covid-19 pandemic enabled the FBM KLCI recoup more than half of the previous day’s losses.
KUALA LUMPUR: The FBM KLCI gave up all its hard-earned gains to close in the red on Tuesday as banking and gloves counters weighed.
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Amcorp Properties, SP Setia, Pharmaniaga, WCT, Genting, Malaysia Smelting Corp, Careplus and Pentamaster are among the stocks which could see trading interest on Monday after their corporate news, JF Apex Research said.
KUALA LUMPUR: AmInvestment Bank Research has revised lower its earnings forecasts on Pentamaster Corp Bhd to account for the impact of the global chip shortage and longer project lead times for the group's factory automated solutions segment.
KUALA LUMPUR: The FBM KLCI entered midday on a flat note due to prevailing caution at the start of the holiday-shortened week and in anticipation of Malaysia's first-quarter GDP result on Tuesday.
Bursa Malaysia closed lower on Monday as the undertone of the stock market remained cautious on continued foreign selling and ahead of the first quarter GDP data on Tuesday.