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Record daily volume on Bursa Malaysia
PETALING JAYA: Trading volume on Bursa Malaysia went on a dizzying heights with 26.65 billion shares worth RM9.05bil changed hands yesterday. It was a record daily volume for the local bourse and the highest in the region.
Mixed outlook on local O&G industry
PETALING JAYA: A fresh wave of coronavirus (Covid-19) cases could see prolonged low crude oil prices as demand for fuel is plunging due to longer movement restriction globally.
Ringgit rises on US$ weakness
PETALING JAYA: The global reserve currency - the US dollar - has been losing steam over the past several months and has lost nearly 10% of its international value, as measured by the US Dollar Index, since its year-to-date peak in March.
FBM KLCI down on record high volume
PETALING JAYA: The stock market kicked off August on the wrong footing with strong selling, as investors took on a pessimistic front following a global surge in coronavirus (Covid-19) cases which led to various economic concerns
Breathing space for borrowers and banks
PETALING JAYA: The targeted extension of the moratorium is granting both borrowers and banks some breathing space, as Malaysia recovers from the coronavirus (Covid-19) pandemic.
Growing reliance on glove stocks
PETALING JAYA: With another glove stock overtaking Public Bank Bhd to become the third most valuable company on Bursa Malaysia, the reliance of FBM KLCI on glove makers for its uptrend have only increased.
Markets bullish on news of vaccine development
PETALING JAYA: Risk appetite perked up globally, with all Asia-Pacific markets in positive territory, while European markets also opened broadly higher as at press time yesterday.
Cushioning the market downside
PETALING JAYA: The exuberance in the Malaysian stock market over the past four months has led the barometer index, the FBM KLCI, to surge by nearly 32% from its multi-year low in March, amid the frenzy in small-cap stocks that was fuelled by strong retail investor participation.
