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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.
PETALING JAYA: The ringgit is expected to stay firm against the US dollar at the 4.07-4.10 levels by year-end.
PETALING JAYA: Property developer Mah Sing Group Bhd achieved property sales of RM847.1mil for the period ended Sept 30, or 77% of the 2020 sales target of RM1.1bil despite the challenging business and operating conditions caused by the Covid-19 pandemic.
AFTER gloves, a slew of listed and unlisted companies have jump on the bandwagon to procure and distribute Covid-19 vaccine for Malaysia. The vaccines are largely sourced from pharmaceutical producers based in China and Taiwan.
There have been big swings in the domestic market as strong bullish sentiment over a recovery is held in check by equally strong profit-taking from investors wary of being overly optimistic amid the ongoing pandemic.
KUALA LUMPUR: Malaysia's exports in October rose by 0.2% to RM91.10bil, exceeding a Bloomberg survery of a 0.4% decline, underpinned by rubber exports, palm oil agricuture products and electrical and electronic (E&E) products.
PETALING JAYA: Top Glove Corp Bhd does not expect order cancellations from its customers as a result of delays in delivery due to its reduced operations.
KUALA LUMPUR: While pharmaceutical companies are gaining momentum on positive COVID-19 vaccination news, Top Gloves Corporation Bhd expects demand for examination gloves to double when the vaccines are ready by year-end.