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Business 02 Apr 2009 | 12:00 AM Premium

KLCI surges to six-week high, Asian markets up

The KLCI surged to a six-week high at midday Thursday while Bloomberg reported that US Treasury Secretary Timothy Geithner's comments that stimulus packages to boost economies may be working helped lift Asian markets.

Business 17 Dec 2008 | 12:00 AM Premium

Markets higher, spurred by US Fed rate cut

Asian markets were higher in early trade on Wednesday after the US Federal Reserve cut US interest rates to as low as zero percent to revive the economy.hr noshade size=1 width=50%>

Business 17 Dec 2008 | 12:00 AM Premium

Sime, Maybank lead blue chips up nearly 10pts midday

Sime Darby and Maybank led blue chips higher at midday on Wednesday, pushing up the 100-stock KL Composite Index up nearly 10 points on some fund buying while Asian markets were mostly higher except for Japan and South Korea.

Business 04 Sep 2008 | 12:00 AM Premium

Uzma named agent for ESS

Upstream oil and gas services provider Uzma Bhd has been appointed the sole agent for Houston, Texas-based Explora Seismic Services, Inc's (ESS) seismic processing products and services in the Asia-Pacific region.

Business 30 Jul 2008 | 12:00 AM Premium

Uzma close to finalising talks on drilling contract

Oil and gas services provider Uzma Bhd hopes to conclude talks with a Mongolia-based company on an exploration and drilling contract by year-end, said managing director and chief executive officer Datuk Kamarul Redzuan Muhamed.

Business 29 Jul 2008 | 12:00 AM Premium

Sealink, Uzma opens below IPO price

Sealink International Bhd and Uzma Bhd made a weak debut on Bursa Malaysia Tuesday with both counters opening below their initial offer prices (IPO).

Business 29 Jul 2008 | 12:00 AM Premium

KLCI eases, CPO futures below RM3,000

Blue chips eased in the morning session Tuesday on profit taking, in line with the weaker key regional Asian markets while the crude palm oil (CPO) futures fell below the crucial RM3,000 level.

Business 29 Jul 2008 | 12:00 AM Premium

Stocks fall in early trade

Stocks fell in early trade Tuesday, dragged by the steep overnight tumble on Wall Street as investors retreated to the sidelines on concerns about the health of the financial sector.

Business 19 Jul 2008 | 12:00 AM Premium

Uzma shares fully taken despite tough conditions

Uzma Bhd, an oil and gas services provider, managed to attract interest from investors to enable its initial public offering (IPO) to be fully subscribed despite a tough market condition.