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KLCI retraces earlier losses to close flat
KUALA LUMPUR: Bursa Malaysia ended the day on a flat note as investors remained on the sidelines ahead of the long weekend in addition to absence of local buying impetus.
KLCI gives up all its gains to close in the red
KUALA LUMPUR: Bursa Malaysia pared all its gains to close in the red on Thursday, weighed down by losses in IHH Healthcare, Tenaga Nasional Bhd and Petronas Dagangan despite a relatively strong broader market.
KLCI inches higher on Petronas Chemicals’ gains
KUALA LUMPUR: Blue chips eked out slight gains early Thursday as the US-China trade tensions eased and Hong Leong Bank, Petronas Chemicals and MISC were among the bigger gainers in the FBM KLCI.
Petronas stocks enable KLCI to close above 1,600
KUALA LUMPUR: Local fund buying of Petronas-linked stocks and a mild rebound in the hammered-down Axiata Group enabled the FBM KLCI to close above the key 1,600 level amifd a mixed broader market.
KLCI stabilises on Axiata rebound
KUALA LUMPUR: The FBM KLCI was slightly higher at midday as a rebound in Axiata shares halted the decline seen over the previous session.
Tough going for Bursa, glove makers in focus
KUALA LUMPUR: Blue chips were slightly higher in early Wednesday trade after the selldown the previous day due to Axiata and Digi but the overall mood was cautious ahead due to the lack of strong leads from institutional players.
Stakeholder SoftBank pushes WeWork to postpone IPO
SAN FRANCISCO: Executives of WeWork and its largest investor, SoftBank, are discussing whether to shelve plans for an initial public offering of the money-losing co-working company, said people with knowledge of the talks.
China stocks retreat as steep factory price slump weighs; HK rises
SHANGHAI: China stocks retreated on Tuesday, snapping their week-long winning streak, after data showed country's factory-gate prices had shrunk at the sharpest pace in three years in August, reinforcing the urgency for Beijing to step up stimulus.
Heavy selling in Axiata, Digi shares weigh on KLCI
KUALA LUMPUR: A sharp plunge in Axiata's stock value single-handedly took the FBM KLCI 11 points lower as the counter resumed trading following last Friday's suspension.
Apple, Foxconn say they overly relied on temporary workers in China
Apple Inc and manufacturing partner Foxconn Technology Co Ltd on Monday rebutted allegations of lapses in people management levelled by a non-profit monitor of worker rights, though confirmed they employed too many temporary workers.