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Glove counters see heavy profit-taking
PETALING JAYA: Rubber glove counters saw big falls following the decision by brokers to put a cap on how much traders can borrow from the bank if they wish to use glove counters as collateral.
Cops: RM2.5mil lost in face mask scams since January
KUALA LUMPUR: Millions of ringgit have been lost in face mask scams, as conmen take advantage of the Covid-19 scare to make a quick buck, say police.
Bank stocks lead rally as recovery hopes take flight
KUALA LUMPUR: Global equities pushed higher as investor risk appetite continued to grow on expectations that the worst was over for the global pandemic while government stimulus further stirred hopeful sentiment.
Stronger demand for ringgit as risk appetite grows
KUALA LUMPUR: The ringgit was higher against the US dollar in the early session today on better demand for emerging Asian currencies, including the ringgit, as the greenback loses its safe-haven shine with investors optimistic of a global economic recovery.
Group: Job opportunities will come
JOHOR BARU: Johor could benefit from the economic spillover and job opportunities over the next few years from the billion ringgit investments secured by Singapore.
KLCI surges above 1,500 level
KUALA LUMPUR: The bull continued to charge on Bursa Malaysia, lifting the local bourse above the 1,500-point level.
Upbeat sentiment lifts ringgit
KUALA LUMPUR: The ringgit opened higher against the US dollar today as the procession of good news weighs on safe haven US dollar, with market players anticipating that the worst of COVID-19's economic slowdown is behind Asia and the developed world.
Hong Kong leads Asia markets rally on coronavirus hopes
HoONG KONG: Hong Kong led an Asia-wide market rally Monday (June 1) as investors breathed a sigh of relief after Donald Trump fell short of imposing strict measures against China, while a further easing of Covid-19 (coronavirus) lockdowns continued to provide support.
Ringgit slightly higher on oil price increase
KUALA LUMPUR: The ringgit was slightly higher against the US dollar in the early session today on mild demand for the local note, as global oil price increase helped to lift market sentiment towards the ringgit.