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Crude oil price surge pushes FBM KLCI above 1,600
KUALA LUMPUR: Higher crude oil prices lifted sentiment on Bursa Malaysia on Friday, helping the main index to close above the 1,600-point level.
Gloves, tech stocks retreat, broader market cautious
KUALA LUMPUR: Glove makers and chip and tech related counters fell in early Thursday trade while the broader market turned cautious after the overnight fall on Wall Street.
KLCI extends gains, closes 18 points higher
KUALA LUMPUR: Share prices on Bursa Malaysia extended their gains to close higher on Wednesday on continued buying in index-linked stocks, amid a positive market undertone.
KLCI climbs in early trade amid mixed broader market
KUALA LUMPUR: Blue chips edged higher in early Wednesday trade, underpinned by gains in PPB Group and Tenaga Nasional but buying interest was still limited.
KLCI stays range-bound, market breadth negative
KUALA LUMPUR: Share prices on Bursa Malaysia traded range-bound on Tuesday, with buying interest interspersed with profit-taking.
FBM KLCI pares losses but still in red
KUALA LUMPUR: Bursa Malaysia has reversed some of its losses but remained in the red at closing, mirroring the performance on Key Asian markets.
Semicon and tech stocks rebound
KUALA LUMPUR: Semiconductor and tech-related stocks led the stock higher in early Thursday trade after the broad selloff the previous day as investors sentiment perked up on the firmer overnight Wall Street close.
Nestle to remain resilient
PETALING JAYA: While rising commodity prices pose a challenge to the food and beverage industry this year, Nestle (M) Bhd will likely see its margins somewhat protected, thanks to the company’s hedging policy.
Petronas Chemicals leads KLCI’s rebound
KUALA LUMPUR: Petronas Chemicals underpinned the FBM KLCI’s rebound early Wednesday after its strong fourth quarter earnings and also firm crude oil prices.
Trading ideas: Nestle, PetChem, IOI Corp, SunCon, AT Systematization
KUALA LUMPUR: Stocks to watch on Wednesday include Nestle (M) Bhd, Petronas Chemicals Group Bhd, IOI Corp Bhd, Leong Hup International Bhd, Sunway Construction Group Bhd and AT Systematization Bhd, according to JF Apex Research.
