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KUALA LUMPUR: Global equities continued their advance on hopes that the coronavirus outbreak was being brought under control even as buying interest returned to the oil and gas sector.
PETALING JAYA: Earning of oil and gas (O&G) companies would be “slightly” affected by the movement control order (MCO) due to stricter operating environment and lower number of workers, according to Public Investment Research.
KUALA LUMPUR: Local equities rallied ahead of the Opec meeting later today on expectations that the world's oil producers would cut a deal to reduce crude production.
PETALING JAYA: Petronas-linked stocks were among the top gainers on Bursa Malaysia yesterday following the surge in global oil price by 50% in just one week on the prospect of Russia and Saudi Arabia cutting their production.
KUALA LUMPUR: Bursa Malaysia tracked a surge on Wall Street overnight as investors renewed buying in equities on hopes that the worst was over for the Covid-19 pandemic, and even as the demand outlook for crude oil brightened.
KUALA LUMPUR: Bursa Malaysia joined Asian markets to start Tuesday on a firm footing as investors’ risk appetite for equities was whetted by the overnight surge on Wall Street as deaths from the Covid-19 seemed to have declined.
Group says MCO impact expected to last more than 6 months
KUALA LUMPUR: The FBM KLCI continued picking up points in the late session as momentum built over the prospect over an oil deal and the Malaysian government announced more fiscal measures to aid ailing SMEs.
KUALA LUMPUR: The domestic equities market erased its earlier loss and ended in positive territory ahead of a special announcement by the government later today.