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KUALA LUMPUR: Bank Negara Malaysia's suprise move to cut the overnight policy rate (OPR) by 25 basis points to 2.75% – the lowest since 2011 – prompted investors to cut their holdings in banks and sent the FBM KLCI into the red.
KUALA LUMPUR: The FBM KLCI lost its early lead to extend its losing streak to a third straight day as mounting fears over the spread of a potentially deadly virus rattled markets.
KUALA LUMPUR: Bursa Malaysia started Wednesday on a firmer footing as investors picked up healthcare stocks and glove makers following the outbreak of the new strain of coronavirus from China.
PETALING JAYA: Glove makers rallied as investors chased the stocks on expectations of a surge in demand following a new virus outbreak in Wuhan, China which is a strain of coronavirus.
KUALA LUMPUR: Bursa Malaysia ended the day in the red on Tuesday line with the weak performance of its regional peers as losses in selected heavyweights continued to weigh on the local index.
KUALA LUMPUR: The FBM KLCI ended the morning just marginally higher after retracing earlier gains.
KUALA LUMPUR: Glove makers rose in active trade early Tuesday on concerns after the World Health Organisation (WHO) confirmed a new virus outbreak in Wuhan, China which is a strain of coronavirus.
KUALA LUMPUR: CGS-CIMB Equities Research is retaining its overweight outlook on glove makers with Kossan and Top Glove as top picks.
KUALA LUMPUR: On the back of a positive results season, the rubber gloves sector is seeing signs of an uptick in demand in subsequent quarters, says Kenanga research.
SUPERMAX Corp Bhd surpassed the 50-day simple moving average (SMA) in Wednesday intra-day trade after three consecutive days of gains.