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KUALA LUMPUR: Petronas Chemicals underpinned the FBM KLCI’s rebound early Wednesday after its strong fourth quarter earnings and also firm crude oil prices.
KUALA LUPUR: Plantation firm Kuala Lumpur Kepong Bhd more than doubled its earnings in the first quarter ended Dec 31, as higher selling prices of crude palm oil (CPO) and palm kernel offset the impact of lower output.
KUALA LUMPUR: Investors’ appetite for riskier assets on the first trading day of the Year of the Ox and a jump in crude oil prices enabled the FBM KLCI to close above the critical 1,600 on Monday.
KUALA LUMPUR: Gains by Tenaga Nasional enabled the FBM KLCI to close a shade below the key 1,600 level in a trade-shortened day on Thursday, ahead of the Lunar New Year.
KUALA LUMPUR: Blue chips closed lower on Friday, weighed down by Top Glove, IHH Healthcare and other blue chips as funds continued to take profit ahead in the absence of strong positive catalysts.
KUALA LUMPUR: Bursa Malaysia closed on a slightly firmer note on Thursday with trading focus on small capitalised stocks while glove stocks and semicon and tech-related stocks were mixed.
KUALA LUMPUR: Chip makers and tech-related stocks continued to see firm buying interest on Thursday while glove stocks lost ground amid a firmer market.
KUALA LUMPUR: The FBM KLCI snapped the recent losing streak on Wednesday, which had been triggered by late fund selling, while semiconductor and technology related stocks were among the top gainers.
KUALA LUMPUR: Bursa Malaysia joined key Asian markets to close lower on Tuesday as selling of glove stocks and Petronas-linked counters wiped out the earlier gains.