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KUALA LUMPUR: Bursa Malaysia rebounded on Thursday following yesterday's steep sell-off on the back of rising US bond yields and political uncertainties at home.
Malaysia’s removal from FTSE Russell watch list positive
KUALA LUMPUR: FGV Holdings Bhd continues to enhance its labour practices to address the Withhold Release Order (WRO) issued by the US Customs and Border Protection (CBP) on Sept 30, 2020 against palm oil and palm oil products made by FGV and its subsidiaries and joint ventures.
KUALA LUMPUR: The FTSE Bursa Malaysia KLCI (FBM KLCI) ended the morning session sharply lower by 1.73 per cent as the market bellwether was weighed down by losses mainly in glove stocks.
KUALA LUMPUR: Stocks with news flow that might see trading interest on Wednesday include Sime Darby, Kumpulan Perangsang Selangor, Sapura Energy, Top Glove, TH PLantations, Gamuda, LB Aluminium, Widad, Ta Win and Mihubbah Engineering, said JF Apex Research.
KUALA LUMPUR: The overall sentiment on Bursa Malaysia remained weak following a negative performance on Wall Street overnight and as shares in Top Glove continues to drag following the recent seizures by US Customs.
KUALA LUMPUR: Top Glove Corp Bhd remains a value buy despite the US Customs and Border Protection determining a finding of forced labour in the group's production of disposable gloves, says Kenanga Research.
KUALA LUMPUR: Top Glove Corp Bhd is looking forward to working with the US Customs and Border Protection (CBP) to resolve the allegation of forced labour practices in a swift manner following the latter’s latest move that directed its ports to seize goods from the manufacturer.
KUALA LUMPUR: International Trade and Industry Minister Datuk Seri Mohamed Azmin Ali said the ministry will investigate allegations of forced labour that was being used by Top Glove Corp Bhd.