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KUALA LUMPUR: Selling pressure picked up pace in the afternoon on Friday, with Public Bank, Top Glove and Tenaga Nasional among the bigger losers as the FBM KLCI fell to the lowest in five months.
KUALA LUMPUR: Uncertainties about the political situation in the country weighed on investor confidence on Wednesday ahead of the Nov 6 Budget proposals despite the stronger trade data.
KUALA LUMPUR: Hartalega’s strong earnings, tracking the surge in Top Glove's recent results helped tip the FBM KLCI above the crucial 1,500 level on Tuesday.
KUALA LUMPUR: Profit taking of glove makers accelerated in the afternoon session especially for Top Glove and Hartalega and sent the key FBM KLCI below the crucial 1,500 level.
KUALA LUMPUR: Blue chips eked out mild gains early Wednesday, tracking the firmer overnight close on Wall Street on hopes of a stimulus deal soon while the broader market was firmer on rising trading volume.
KUALA LUMPUR: Malaysian Rating Corporation (MARC) has affirmed Sime Darby Plantation Bhd's (SD Plantation) corporate credit rating at AAA with a stable outlook.
KUALA LUMPUR: Public Bank led blue chips higher in early Tuesday trade amid a cautious external market as investors awaited a decision from US lawmakers to pass an economic stimulus bill ahead of the Nov 3 presidential elections.
KUALA LUMPUR: As the political scenario heats up and the Covid-19 pandemic continues, market sentiment remained cautious on Bursa Malaysia except for selected counters like Mah Sing and FGV Holdings due to recent corporate announcements.
KUALA LUMPUR: Worries about the rising Covid-19 infections and the impact on the economy continued to weigh on the equities market.