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The alternative view - By M. Shanmugam
CONGRATULATIONS to those who have put their money in the local stock market over the last four months. You have caught the market at the right time.
PETALING JAYA: The exuberance of the Jack Ma (pic)-related stocks does not appear to be abating. The shares of companies perceived to be beneficiaries of the Digital Free Trade Zone (DFTZ), where Ma’s Alibaba will have a presence, continue to top the volume and gainer lists.
KUALA LUMPUR: While blue chips struggled to advance on Wednesday, lower liners and penny stocks – linked to technology and oil - continued to see heavy churning but the broader market stayed firm.
KUALA LUMPUR: Blue chips closed lower at midday on Wednesday, dragged down by profit taking in Hong Leong Bank, KL Kepong and Genting, but the broader market was firmer with heavy trading seen in penny stocks.
PETALING JAYA: Shares of GHL Systems Bhd hit limit-up, as investor interest in the payment solutions provider grew following news that it would partner AliPay to provide payment services in Malaysia.
KUALA LUMPUR: Market sentiment perked up in late Tuesday trade as late buying of Petronas Chemicals and Hong Leong Bank underpinned the firmer close for the FBM KLCI.
KUALA LUMPUR: Bursa Malaysia joined the stocks markets of Japan and Singapore to edge lower at midday on Tuesday as risk aversion rose and prompted investor to seek safe haven assets like gold.
KUALA LUMPUR: Bursa Malaysia slipped early Tuesday, in line with the cautious regional markets after the weaker overnight close on Wall Street, with heavyweight Genting Bhd, Yinson and Unisem among the biggest losers.
KUALA LUMPUR: JF Apex Research expects Tenaga Nasional, Yinson, CCM Duopharma and Kelington to be among the stocks to watch on Tuesday after their corporate announcements.
KUALA LUMPUR: GHL Systems Bhd has partnered AliPay to offer Malaysian in-store merchants and online merchants an alternative payment method.