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KUALA LUMPUR: Bursa Malaysia is expected to continue trading in a cautious mode next week as market sentiment will be largely influenced by external factors, especially the ongoing United States-China tensions. The ongoing trade war would be the major catalysts for global equity markets next week.
KUALA LUMPUR: Oil prices are projected to rise going forward as global economies gradually start gradual reopening, thus providing a positive catalyst for Bursa Malaysia next week. The Bursa which ended above 1,400 on Friday will inspire some confidence in the market next week.
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives would likely trend higher next week on expectations of higher demand from India and China, as Malaysia has lowered its export duty on palm oil to zero per cent for June, the Malaysian Palm Oil Board (MPOB) said.
PETALING JAYA: The Social Security Organisation (Socso) has denied that it was working with My E.G Services Sdn Bhd (MyEG) to screen workers for Covid-19.
KUALA LUMPUR: Malaysia Airports Holdings Bhd (MAHB) announced on Tuesday (May 12) that passenger movements throughout its system shrank by 98.8% year-on-year last month to only 137,000 passengers amid the Movement Control Order (MCO) enforcement.
KUALA LUMPUR: Bursa Malaysia is likely to trade on a cautious tone next week as investors are looking at the release of economic data including Malaysia’s first-quarter gross domestic product (GDP) next week.
SINGAPORE/KUALA LUMPUR: South-East Asian equities have risen more than 20% from recent lows, tracking global peers, with consumer stocks recovering as the Covid-19 (coronavirus) pandemic shows signs of slowing down. The MSCI Asean Index gained as much as 1.9% on Tuesday, taking its rebound from a March 23 low to 21%.
PETALING JAYA: The police and Rela personnel have been authorised under the law to ensure the public follows the directives under the movement control order, says the National Security Council (NSC).
PETALING JAYA: The local stock exchange was battered, along with global stock markets, following an overnight plunge on Wall Street.
KUALA LUMPUR: Petronas Dagangan's chief says the company performed better than market expectations with faster than industry revenue growth following its relentless efforts in carrying out more customer-centric initiatives, which have pushed sales volume.