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Foreign funds underpin Bursa with net buying of RM354m
KUALA LUMPUR: Foreign funds underpinned the blue chips on Bursa Malaysia again on Wednesday with their net buying at RM354.2mil, according to BIMB Securities Research.
Ringgit opens higher against US$ on Wednesday
KUALA LUMPUR: The ringgit strengthened to open higher against the US dollar on Wednesday on renewed interest in the local currency, dealers said.
Trading ideas: VS Industry, Top Glove, Poh Huat, Sentoria, Astro
KUALA LUMPUR: JF Apex Research expects VS Industry, Top Glove, Poh Huat, Sentoria, Astro and Scientex to be among the stocks to watch on Wednesday.
Foreign funds net sellers at RM763m in week ended Jan 15
KUALA LUMPUR: Foreign funds stepped up their selling pressure on Bursa Malaysia with net selling at –RM762.90mil in the week ended Jan 15, according to BIMB Securities Research.
Range-bound trading likely
REVIEW: Soon after opening the week a shade above the flat line, Bursa Malaysia’s key barometer, the Kuala Lumpur Composite Index (FBM KLCI) slipped into the negative territory due to bad news flow.
Positive bias
REVIEW: The deadly terrorist attack in Paris sent jitters across the globe, fanning bearish sentiment at the start of the week.
Wall Street Ticks Up On Data But Fed Caution Caps Gains
NEW YORK: U.S. stocks edged up on Thursday, rising for a third day after strong data indicated improving economic conditions, with caution capping gains ahead of Friday's payrolls report and its implication on the Federal Reserve's stimulus programme.
Ali Baba's e-commerce crown slips as giant US IPO nears
SHANGHAI: Alibaba's dominance of online retail in China faces its biggest-ever challenge as the firm founded by Jack Ma in a one-room apartment 15 years ago lines up a US initial public offering that could value the firm at around US$140bil.
What's next in Libya key to US politics, economy
WASHINGTON: The triumph of Libyan rebels over the forces of long-time strongman Moammar Gadhafi offers vindication, at least for now, for President Barack Obama's decision to refrain from using U.S. troops on Libyan soil and to let NATO take the lead in degrading Gadhafi's military power. But there are still hazards for the White House.