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Bursa, key markets close in the red on coronavirus outbreak
KUALA LUMPUR: Bursa and several key Asian markets which were opened on Tuesday, came under selling pressure as the coronavirus claimed its 106th victim and spread to other countries.
Palm oil slides on worries over demand from top buyers
JAKARTA: Malaysian palm oil futures fell as much as 7% on Tuesday, their most in over seven years, as a fast-spreading coronavirus in China raised fears over demand already hit by a diplomatic spat with India.
Tambun Indah, Taiwan's Show Chwan in Penang hospital JV plan
KUALA LUMPUR: Tambun Indah Land Bhd and Taiwan's Show Chwan Medical Care Corporation plan to work together to set up a private specialist hospital in Pearl City Business Park, Simpang Ampat, Penang state.
Coronavirus fears infect markets, commodities
KUALA LUMPUR: Key Asian markets including Bursa Malaysia fell on Tuesday as growing worries about the spread of the coronavirus from China to several countries spooked investors.
Net inflow of foreign funds into Bursa continues
KUALA LUMPUR: Foreign funds remained as net buyers of stocks listed on Bursa Malaysia for the second week albeit at a slower pace ahead of the festive season, according to MIDF Research.
Quick take: Glove counters dominate gainers' list on Bursa
KUALA LUMPUR: Glove counters continued to attract investors’ interest as glove demand could surge as customers stock up as a pre-emptive measure against the Wuhan coronavirus.
KLCI skids over 25pts, Asian markets retreat
KUALA LUMPUR: Bursa Malaysia started Tuesday on a worried note as the FBM KLCI skidded over 25 points at one point, tracking the overnight fall on Wall Street and key Asian markets over the coronavirus outbreak.
Quick take: Icon Offshore slides 9% in early trade
KUALA LUMPUR: Icon Offshore Bhd fell over 9% in early trade Tuesday after Bursa Malaysia Securities Bhd has placed trading curbs on its shares and ordinary rights with warrants.
Malaysia records lower total foreign inflow
KUALA LUMPUR: Foreign investors were net buyers in the local equity market last week, recording a total net inflow of RM23.48 million from Jan 20-23 compared with RM63.66 million from Jan 13-16 as markets remained fragile amid concerns over the 2019 novel coronavirus outbreak.
Government picks Naza-Berjaya for fleet management job
PETALING JAYA: The government is said to have picked the Naza-Berjaya consortium for the long-term contract to supply, maintain and manage its huge fleet of official cars and police patrol vehicles after nearly a year of competitive bidding process.