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PETALING JAYA: There seems to be some repositioning of foreign funds in the Malaysian capital market.
PETALING JAYA: The recently concluded third quarter corporate results for 2019 showed marginal improvements over the preceding quarter.
PETALING JAYA: Petroliam Nasional Bhd’s (Petronas) profit for the third quarter fell almost by half, dragged down by lower crude oil prices and net impairment losses.
KUALA LUMPUR: Malaysia’s fintech scene has hit the next level after the Securities Commission (SC) gave its approval-in-principle to two more robo-advisers and a full approval for the country’s first cryptocurrency exchange.
PETALING JAYA: The FBM KLCI fell to one of its lowest levels in four years yesterday, shedding some 331.06 points or 17.4% from its April 2018 high of 1,895.18.
PETALING JAYA: The spike in the Brent crude oil price due to the attacks on Saudi Arabia’s oil production facilities could be a boon for the local stock market and lead to higher oil revenue for the government.
WE are now in September, with the Dow Jones up some 16.53% on a year-to-date basis despite the trade war woes and fears of an impending recession due to the signals being emitted by the inverted yield curve.
PETALING JAYA: Following the streamlining of its business operations to focus on construction, Vertice Bhd appears poised to return to profitability.