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Britain's banks brace for US$22b loan losses
LONDON: Britain's banks took a gloomier view than almost all their European peers in their second quarter earnings, as coronavirus fears, Brexit and low interest rates caused them to take tougher "worst-case" scenarios into their risk models.
Cautious start for Bursa, trading volume at 2.3b shares
KUALA LUMPUR: Bursa Malaysia started Tuesday on a cautious note with the FBM KLCI slipping into the red, extending the battering by foreign funds the previous day while overall trading volume surged to 2.3 billion shares.
Banks, gloves weigh on KLCI at midday
KUALA LUMPUR: A sharp retreat in glove makers and banks led a fall on Bursa Malaysia after the stock exchange spent most of the morning session in positive territory.
KLCI lifted amid bounce in Top Glove shares
KUALA LUMPUR: At lunch break, the FBM KLCI was up 25.5 points to 1,590.5 points, based on the reference price provided by Bursa Securities following some technical difficulties yesterday.
Bursa resumes trading, Top Glove shares fall
KUALA LUMPUR: Trading on the local stock exchange resumed at 9am on Friday after a halt due to a technical issue with the FBM KLCI falling 8.07 points, dragged by Top Glove.
Top Glove shares listed on SGX close 11% lower
KUALA LUMPUR: Shares of Top Glove Corporation Bhd, which are also listed on the Singapore Exchange, closed down more than 11%.
Selling pressure continues on Bursa
KUALA LUMPUR: A bounce on Bursa Malaysia fizzled by midday as the consolidation pressures on the market continued to grow.
Public Bank, Hong Leong Bank weigh but gloves rebound
KUALA LUMPUR: Selling of Public Bank and Hong Leong Bank weighed on the FBM KLCI early Monday, as Bursa Malaysia followed key Asian markets lower on the spread of the Covid-19 coronavirus but glove makers rebounded.
Extension of loan moratorium not healthy
It leads to the survival of ‘zombie’ companies and gives false sense of comfort
Glove makers lose ground but Public Bank helps KLCI pare losses
KUALA LUMPUR: Glove makers closed lower on Friday on profit taking but Public Bank helped the FBM KLCI pare its losses amid a cautious broader market.
