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KUALA LUMPUR: The ringgit is trading in a narrow range with emerging market currencies in Asia on Thursday showing muted reaction to the Federal Reserve’s policy decision and rate forecast.
KUALA LUMPUR: Bursa Malaysia will likely continue its downtrend next week on gloomy investor sentiment, as well as profit-taking ahead of the Hari Raya holiday, said analysts.
IT IS that time of year again, when people assemble their Hari Raya best so they can balik kampung in style. But what is a sharp baju Melayu if not topped off with an equally new songkok?
KUALA LUMPUR: Kenanga Research deems Malaysia Airports Holdings Bhd's 6M18 passenger growth of 5.2% year-on-year to be in line with its 8.5% forecast as it expects stronger growth in the months ahead.
KUALA LUMPUR: A bounce in financial heavyweights and glove counters saw the FBM KLCI close higher amid a holiday-shortened trading day.
HIT again with lockdowns from this new Covid-19 variant, the retail, hotel and travel sectors are struggling to sustain.
KUALA LUMPUR: The ringgit reversed last week's upward momentum to open lower against the US dollar early Monday on the back of a stronger dollar, a dealer said.
MISC announced last Friday that it had signed a 16-year long-term charter contract with Hess Exploration and Production Malaysia BV for the lease of a floating, storage and offloading facility (FSO), known as FSO Mekar Bergading, on a bareboat basis.
AMID a short working week due to Memorial Day, the US dollar witnessed a sell-off, losing 1.48% to 98.38, underpinned by global risk-on sentiment – which led to robust buying in the equity space with the Dow Jones rising 3.8% week-on-week (w/w) to 25,401 while the S&P 500 climbing 2.5% w/w to 3,030.
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to trade in a cautious mode next week as traders are expected to remain on the sidelines due to concerns over the stock level, a dealer said.