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KUALA LUMPUR: Foreign investors are using the selloff in Malaysian glove makers to return to last year’s stock market stars.
KUALA LUMPUR: Following related corporate announcements and news flow, there may be trading interest in Top Glove, Greatech, Muar Ban Lee, Symphony Life, Scientex, Ekovest, AMMB, Advancecon and Gabungan AQRS, said JF Apex Research.
KUALA LUMPUR: If not for the sell-off in the rubber glove counters, stoked by the US Customs and Border Protection (CBP) last Wednesday, Malaysia could have recorded net inflow for month of March, said Bank Islam Malaysia Bhd economist Adam Mohamed Rahim.
The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) is likely to breach the 1,600-level this week in line with broader optimism in the Unites States’ (US) economy and expected bounce in commodity prices, said an analyst.
Industries earnings to remain strong on the back of current robust demand
KUALA LUMPUR: Stocks that may see investor interest on Friday include Solution Group, HB Global, Tasco, MyNews, SHH Resources, Omesti, Microlink Solutions, Bermaz Auto, Top Glove and AMMB.
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.