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KUALA LUMPUR: Analysts are revising higher their earnings assumptions on Public Bank Bhd following the recent earnings result, which indicated the group was en route to recovery.
Bursa Malaysia closed lower on Monday as the undertone of the stock market remained cautious on continued foreign selling and ahead of the first quarter GDP data on Tuesday.
Blue chips edged up slightly in early Monday trade, with Petronas Dagangan, Hong Leong Bank and KL Kepong among the top gainers.
KUALA LUMPUR: The FBM KLCI fell 0.89% over the week to settle at 1,587.45 points amid continued foreign fund selling on Bursa Malaysia.
KUALA LUMPUR (Bernama) -- MIDF Research maintained its view that Bank Negara Malaysia (BNM) will not make any changes to the overnight policy rate (OPR), which stood at 1.75%, as the current rate remains accommodative to support Malaysia’s economic recovery.
KUALA LUMPUR: The net outflow of foreign funds from Bursa Malaysia continued over the previous trading week to the tune of RM376.46mil, bringing the foreign outflow so far this year to RM2.87bil, said MIDF Research in its weekly fund flow report.