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HIT again with lockdowns from this new Covid-19 variant, the retail, hotel and travel sectors are struggling to sustain.
KUALA LUMPUR: A bounce in financial heavyweights and glove counters saw the FBM KLCI close higher amid a holiday-shortened trading day.
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.
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: Ann Joo Resources Bhd posted net losses of RM6.69mil in the first quarter ended March 31, 2019 which was a stark contrast from a the net profit of RM61.44mil a year ago and it expects a lower second quarter.
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.
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: 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.
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.