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KUALA LUMPUR: Market sentiment on Bursa Malaysia was bearish in the morning session on Tuesday as investors grew concerned about the direction of the stock market as glove makers -- the leaders in the run-up in recent months -- lost ground.
KUALA LUMPUR: JF Apex Research expects Gamuda Bhd, Kumpulan Powernet Bhd, Malayan Banking Bhd (Maybank), Genting Bhd and Telekom Malaysia Bhd to be among the stocks to watch on Friday.
KUALA LUMPUR: Rubberex Corporation (M) Bhd, whose net profit soared by 857% to RM22.96mil in the second quarter ended June 30,2020, expects the favourable performance to continue for the rest of the year.
KUALA LUMPUR: Blue chips slumped in early Thursday trade, weighed down by profit taking of Hartalega and Top Glove and other glove makers.
KUALA LUMPUR: Bursa Malaysia joined key Asian markets to close lower on Wednesday as worries about weak US data weighed on investors’ confidence.
KUALA LUMPUR: Petronas-linked stocks, Hong Leong Bank and Public Bank weighed on the FBM KLCI in early Wednesday trade while glove makers rebounded after the profit taking.
KUALA LUMPUR: Bursa Malaysia chalked up gains in early Wednesday trade, underpinned by glove makers, after the firmer overnight close on Wall Street.
KUALA LUMPUR: Fund buying of Top Glove and Hartalega powered the FBM KLCI up 26 points on Tuesday while most of the KLCI stocks were in the red.
KUALA LUMPUR: Profit-taking in glove counters continued to pressure the FBM KLCI as investors moved away from healthcare counters in response to news over Covid-19 vaccines in development.