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Banks fall on surprise OPR cut, glove makers rally
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.
KLCI extends decline for third straight day, ringgit unchanged ahead of BNM decision
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.
Bursa perks up on IHH, glove makers’ gains
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.
Glove makers rally on new virus outbreak in 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.
KLCI pulls back in line with regional retreat
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.
KLCI retraces earlier gains, glove makers in the spotlight
KUALA LUMPUR: The FBM KLCI ended the morning just marginally higher after retracing earlier gains.
Glove makers in focus on virus outbreak
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.
CGS-CIMB Research retains overweight on glove makers
KUALA LUMPUR: CGS-CIMB Equities Research is retaining its overweight outlook on glove makers with Kossan and Top Glove as top picks.
Rubber gloves could experience growing demand in 2020
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
SUPERMAX Corp Bhd surpassed the 50-day simple moving average (SMA) in Wednesday intra-day trade after three consecutive days of gains.