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KUALA LUMPUR: The FBM KLCI ended flat today but the broader market was lower as profit-takers triumphed over bargain-hunters.
The commodity market is experiencing a major boom thanks to the massive stimulus by the world’s major economies.
KUALA LUMPUR: Stocks to watch on Monday include JHM Consolidation Bhd, Sedania Innovator Bhd and Serba Dinamik Holdings Bhd, according to JF Apex Research.
KUALA LUMPUR: Ann Joo Resources Bhd turned in a huge profit in the first quarter thanks to rising steel prices and stronger export demand.
Prices will continue to be supported by global economic recovery
Market sentiment worsened in late afternoon trade on Monday as declining stocks rose to over 1,000 on Bursa Malaysia with consumer stocks the top losers.
Blue chips advanced in early Monday trade, underpinned by gains in Maybank, Hong Leong Bank and Petronas Dagangan but the broader market continued to be cautious as decliners beat advancers more than two to one.