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KUALA LUMPUR: Bursa Malaysia and key Asian markets climbed in early Tuesday trade as investor optimism rode on the strong overnight close on Wall Street but the tumble in crude oil prices is expected to check gains.
This is despite looming hit on oil and gas company’s earnings
KUALA LUMPUR: Tenaga Nasional, Public Bank and glove makers traded higher early Monday, in line with the key Asian markets.
KUALA LUMPUR: MISC Bhd could be taking a hit to its cash balance as the latest arbitration decision on its dispute over FPS Gumusut-Kakap did not lean in its favour.
KUALA LUMPUR: Bursa Malaysia and key Asian markets ended Friday lower as concerns about the widening impact of the Covid-19 pandemic continued to weigh on investor confidence as a vaccine was still elusive.
KUALA LUMPUR: Some fund buying of glove counters including Hartalega helped the FBM KLCI recover from the intra-day losses on Wednesday and the firmer sentiment was also seen in other key Asian markets.
Service providers could face earnings compression on low oil prices
KUALA LUMPUR: Investors’ hopes for the FBM KLCI to close at the crucial 1,400 level on Thursday evaporated due to late fund selling of selected index-linked stocks though the broader market was firmer.
KUALA LUMPUR: Blue chips extended their gains on Wednesday on fund buying of IHH Healthcare and energy stocks such as Petronas Chemicals but the FBM KLCI was still far off from the crucial 1,400 level.