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KUALA LUMPUR: Profit taking on stock market superstars Hartalega and Top Glove and late selling of Petronas Chemicals weighed on the FBM KLCI on Wednesday.
SHANGHAI: Having begun delisting 26 companies so far this year, China's securities regulator is set to remove a record number of firms from the stock exchange, heeding a message from Vice Premier Liu He to ensure the "survival of the fittest".
SHANGHAI: China's mutual fund industry saw another massive jump in new products and subscriptions in June, suggesting the swift rally in mainland stocks has room to run further.
BURBERRY Group Plc said it will streamline front-office and certain retail functions to cut costs, including the loss of 500 jobs, after global lockdowns caused sales to fall by almost half in the latest three months.
SHANGHAI: China and Hong Kong shares fell on Wednesday on deepening worries about US-China decoupling after President Trump signed a bill that would penalise banks doing business with Chinese officials who implement the new security law.
KUALA LUPUR: Affin Hwang Asset Management Bhd’s smart beta exchange traded funds (ETF) were listed on the Main Market of Bursa Securities on Wednesday.
KUALA LUMPUR: Digi.Com Bhd's current share price level could offer an attractive buying opportunity for the stock for its industry-leading dividend yields of 4%, says Kenanga investment Bank Research.
PETALING JAYA: Water and power producer Malakoff Corp Bhd’s thesis of a share price re-rating has played out, resulting in its stock being downgraded to a “hold” from an earlier “buy.”