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KUALA LUMPUR: Malaysia's blue chips, the ringgit and crude palm oil (CPO) for third month delivery all came under late selling pressure while the FBM KLCI skidded 1.31% as investors reduced their stakes in banks.
PETALING JAYA: Bursa Malaysia is back in rally mode as its benchmark index took only less than three weeks to recoup the entire losses it made over the past three months since August.
KUALA LUMPUR: Banks gave the FBM KLCI a boost and enabled it to close at its highest since July 29 while the ringgit strengthened to a more than nine-month high against the US dollar on positive news flow.
KUALA LUMPUR: JF Apex Research expects vaccine-related stocks, and sectors such as aviation, gaming, banking, O&G, consumer and REIT to be under investors’ interests on Tuesday.
KUALA LUMPUR: Bursa Malaysia was the only market in Asia to close in the red on Tuesday, dragged down by political worries and challenges from the Covid-19, forcing investors to stay cautious.
KUALA LUMPUR: Uncertainties on the political scene at the local front, the US presidential elections and on-going Covid-19 pandemic saw Bursa Malaysia kick off the first trading day of November on a weak note.
KUALA LUMPUR: Selling pressure picked up pace in the afternoon on Friday, with Public Bank, Top Glove and Tenaga Nasional among the bigger losers as the FBM KLCI fell to the lowest in five months.
KUALA LUMPUR: Hartalega Holdings Bhd’s shares succumbed to selling pressure in early trade Wednesday despite posting its best-ever quarterly net profit in the second quarter ended Sept 30.
KUALA LUMPUR: The FBM KLCI fell on Monday amid concerns over more political turmoil ahead of the tabling of Budget 2021.