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KUALA LUMPUR: Bursa Malaysia traded lower early Wednesday as losses in Tenaga Nasional, Top Glove and Petronas Chemicals weighed on the FBM KLCI.
KUALA LUMPUR: Bursa Malaysia demonstrated its resilience on Tuesday as local funds and retail investors jumped in to scoop up battered down stocks and sent FBM KLCI solidly above the key 1,600 level.
KUALA LUMPUR: University Teknologi MARA's unit, UiTM Solar Power Dua Sdn Bhd (UiTM Solar 2) has proposed a green SRI Sukuk of up to RM100mil which would be used for its solar plants.
KUALA LUMPUR: The FBM KLI made a steep bounce on Tuesday, erasing nearly all the losses from the sell-off in the previous session caused by the MSCI's semi-annual rebalancing.
KUALA LUMPUR: Local funds and local retail investors jumped in to snap up oversold counters in mid-morning trade on Tuesday, setting the pace for a firm start in December, after the selldown by foreign funds the previous day.
KUALA LUMPUR: Foreign selling battered the local stock market on Monday but the FBM KLCI managed to recoup half of the losses in early Tuesday trade as investors sought out hammered-down blue chips.
PETALING JAYA: The sharp plunge in the FBM KLCI just before the market closed yesterday could be due to investors realigning their portfolio ahead of the upcoming changes to the index’s components and the MSCI Malaysia index, according to fund managers.
KUALA LUMPUR: An afternoon slump followed by a deep dive in the closing minutes of trading sent the FBM KLCI down over 40 points on Monday, dashing investor hopes of further gains amid the bullish sentiment.
KUALA LUMPUR: Tenaga Nasional Bhd’s (TNB) net profit for the third quarter ended Sept 30, came to RM1.01bil, a 16.07% drop from RM1.2bil in the previous corresponding quarter due to higher finance cost, which was cushioned by foreign exchange gain and a non-cash fair value gain.