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Foreign funds snap three-week selling spree
KUALA LUMPUR: Foreign funds snapped their three-week selling streak and turned into net buyers with a net inflow of RM285.83mil last week, compared with a net outflow of RM477.43mil in the preceding week.
Malaysia’s economy to remain on positive growth trajectory
KUALA LUMPUR: Malaysia’s economy is expected to remain on the positive growth trajectory moving forward despite uncertainty on the global economic front, as the country still has ample liquidity buffers.
Nothing the stock market does ever scares retail daredevils
Since the market peaked a few weeks ago, retail traders have ploughed cash into U.S. stocks at a rate 40% higher than they did in 2020, which was a record year.
Stock market momentum slowdown gets no sympathy from the Fed
LAST summer as the Faang block was tightening its strangle-hold on equities, a theory was hatched that the only thing that could ever halt the rally in megacap tech would be evidence the economy is healing.
GLOBAL MARKETS-Wall Street, other markets decline on Fed remarks
NEW YORK: Wall Street slumped on Thursday and global stock markets declined after U.S. Federal Reserve Chair Jerome Powell repeated his pledge to keep credit flowing until Americans are back to work, rebutting investors who have openly doubted he can stick to that promise once the pandemic passes.
Relaxation of MCO, vaccine good for market
Corporate earnings risk reduced, says research house
Fall in glove stocks offsets banks' rally
KUALA LUMPUR: The FBM KLCI ended the day in the red despite bank stocks gaining weight on the back of Bank Negara's decision to keep the overnight policy rate unchanged.
China stocks fall as consumers, material firms tumble
BEIJING/SHANGHAI: Chinese shares fell on Thursday, weighed down by consumer and material firms, as the benchmark index reversed course a day after its biggest gain in three weeks.
Relaxation of MCO, vaccination positive for market
KUALA LUMPUR: The relaxation of movement control measures will be viewed positively by the market as this reduces corporate earnings risk concerns, CGS-CIMB Equities Research says.
Dubai’s biggest developer to take over mall unit
DUBAI: Emaar Properties PJSC, the Dubai-based developer of the world’s tallest tower, plans to take over its malls unit as the coronavirus pandemic exacerbates a property downturn in the Middle East business and tourism hub.
