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KUALA LUMPUR: The FBM KLCI closed in the red, its third straight session in negative territory after the US Federal Reserve brought forward its outlook for an interest rate increase.
Bursa Malaysia started Tuesday on a firm note with Petronas Dagangan underpinning the FBM KLCI’s gains but Serba Dinamik continued to slide in active trade.
KUALA LUMPUR: Bursa Malaysia saw a follow through in selling pressure on Friday which took the benchmark index lower amid a weak broader market.
Blue chips fell in early Friday trade with banks and plantation stocks among the losers amid a weaker broader market but MMC Corp and its call warrants dominated the top gainers list.
KUALA LUMPUR: The FBM KLCI pared some of its losses on Thursday but sellers still ruled.
idetech (Malaysia) Bhd, whose share price surged to a multi-year high of RM4 on Thursday, is unaware of the reasons for the unusual market activity (UMA), except the emergence of MY EG Services managing director Wong Thean Soon as a substantial shareholder.
Bursa Malaysia edged lower in early Friday trade as investors worried about the record high Covid-19 infections and deaths and the possibility of a full lockdown in Selangor.
Bursa Malaysia Securities has queried Widetech (Malaysia) Bhd after its share price surged by 28% to a multi-year high of RM4 in afternoon trade on Thursday.
Y&G Corporation Bhd, whose share price surged to a multi-year high of RM1.50 at midday on Thursday, prompted Bursa Malaysia Securities to query the company.