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PETALING JAYA: The Malayan Cement Bhd-YTL Cement Bhd deal will potentially bolster Malayan Cement’s earnings while unlocking value for YTL Cement’s business.
KUALA LUMPUR: The net outflow of foreign funds from Bursa Malaysia slowed over the previous week to RM108.1mil due to the trading week being shortened for the Raya break.
KUALA LUMPUR: Analysts are revising higher their earnings assumptions on Public Bank Bhd following the recent earnings result, which indicated the group was en route to recovery.
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.
Blue chips edged up slightly in early Monday trade, with Petronas Dagangan, Hong Leong Bank and KL Kepong among the top gainers.
KUALA LUMPUR: The FBM KLCI fell 0.89% over the week to settle at 1,587.45 points amid continued foreign fund selling on Bursa Malaysia.