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REVIEW: The positive surprise of Malaysia’s first quarter gross domestic product, which eked out a 0.7% expansion, sent the domestic bourse on a midweek rally that coincided with daily trading volume hitting a historic high.
EXCEL Force MSC Bhd (code: 0065) continued its rally yesterday to push past the 200-day simple moving average (SMA).
JAKARTA: Indonesia reported on Monday (May 11) 233 new Covid-19 (coronavirus) infections, taking the total of cases in the Southeast Asian country to 14,265, said health ministry official Achmad Yurianto. The govt is set to distribute food aid to its residents living in Greater Jakarta.
KUMPULAN Powernet Bhd (stock code: 7130) displayed some signs of bullish sentiment on Friday as its share price broke free of the short-term simple moving averages (SMA) and settled slightly above the 50-day SMA.
REVIEW: The confidence that accompanied the rebound in global equities showed signs of wearing down amid renewed conflict between the US and China. The prospect of a resumption of the trade war sent investors scurrying for cover as it risked further damaging the global economy.
AFTER bouncing higher in the final week of March, Pentamaster Corp Bhd (code: 7160) retraced about 50% of its losses before easing into a sideways trading pattern.
REVIEW: The rebound on Bursa Malaysia resumed over the past week as investors pinned their hopes on the easing lockdowns in major global economies and the prospect of daily life returning to normalcy.
THERE seems to be some life returning to Suria Capital Holdings Bhd (code:6521) amid the negative pressure on the equities market, although the advance currently lacks conviction.
THE Selangor government has decided to allocate RM1mil to be used as a one-off incentive for the state and local council frontliners.
Covid-19 may have forced people to physically isolate themselves from each other, but collectives are coming together online to fight the pandemic.