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KUALA LUMPUR: KLCC Prop & REITS - Stapled Securities (KLCCP) and Telekom Malaysia Bhd (TM) will replace AMMB Holdings Bhd and Malaysia Airports Holdings Bhd (MAHB) as component stocks in the FTSE Bursa Malaysia KLCI (FBM KLCI).
KUALA LUMPUR: The FBM KLCI momentarily passed above the 1,540-point level today before ending slightly lower as the index extended its rally for a six straight session.
KUALA LUMPUR: Global equities pushed higher as investor risk appetite continued to grow on expectations that the worst was over for the global pandemic while government stimulus further stirred hopeful sentiment.
KUALA LUMPUR: Oil and gas (O&G) related counters dominated the list of most active stocks on the local bourse in early trade Wednesday as oil prices hit three-month high.
KUALA LUMPUR: Bursa Malaysia tracked US and European markets higher to continue the searing rally that has overtaken global equities as the reopening of economies and more government stimulus offset worries over the coronavirus, civil unrest in the US and protests in Hong Kong.
HARI Raya Aidilfitri will undoubtedly be different this year because of the Covid-19 pandemic, but that does not mean people cannot enjoy some cheer and excitement.
REVIEW: Trading on Bursa Malaysia took on a frenetic pace over the past week with a record daily trading volume of 11.21 billion shares recorded on Monday as investors flocked to equities in an an attempt to catch a rally.
KUALA LUMPUR: Stocks to watch on Wednesday include LYC Healthcare Bhd, Green Packet Bhd, Serba Dinamik Holdings Bhd, Malayan Banking Bhd (Maybank), T7 Global Bhd and Key Alliance Group Bhd, according to JF Apex Research.
PETALING JAYA: Amid the downturn in the oil and gas sector, Hibiscus Petroleum Bhd’s net profit fell 48.4% to RM28.5mil for the third quarter ended March 31, from RM55.2mil in the corresponding period last year.
KUALA LUMPUR: Independent oil producer Hibiscus Petroleum said net profit in the third quarter ended March 31 was almost halved due to the steep decline in the price of crude oil.