Friday, August 9th, 2019

 

Statistics Department: Malaysia’s unemployment rate in Q2 2019 unchanged at 3.3pc

PUTRAJAYA, Aug 9 — Malaysia’s unemployment rate remained unchanged at 3.3 per cent in the second quarter of this year, according to the Statistics Department. Its chief statistician Datuk Seri Mohd Uzir Mahidin said the number of labour force…


Foxconn admits overtime by student interns in China factory

TAIPEI, Aug 9 — Taiwan’s tech giant Foxconn admitted today that school interns had worked overtime and night shifts at a factory in China, blaming “lax oversight” by local management. The statement by Foxconn, the world’s largest contract…


Trump says US, China still talking on trade but not ready for a deal

WASHINGTON, Aug 9 — President Donald Trump said today that the United States and China were still pursuing a trade agreement but he was not ready to make a deal. Speaking to reporters at the White House before departing for fundraisers in New York…


Mediator denies Bayer has offered to settle Roundup cases

FRANKFURT, Aug 9 — Kenneth Feinberg, the court-appointed mediator between chemical and pharma giant Bayer and thousands of plaintiffs claiming the herbicide glyphosate gave them cancer, today denied reports the company had made an US$8 billion…


Indonesia threatens tariff hike on EU dairy in palm oil trade spat

JAKARTA, Aug 9 — Indonesia’s trade minister today threatened to impose higher tariffs on EU dairy imports in response to the bloc’s proposed move to hit biodiesel made from palm oil with anti-subsidy duties. The warning could escalate a trade…


Trump says US economy ‘handcuffed’ by Fed, wants further rate cut

WASHINGTON, Aug 9 — US President Donald Trump today called on the Federal Reserve to lower interest rates by a full percentage point, saying the nation’s economy was being “handcuffed” by the US central bank’s monetary policy. Trump,…


Wall Street slips as Huawei report adds to trade concerns

NEW YORK, Aug 9 — US stocks edged lower today after rebounding strongly a day earlier, as investors grappled with fresh trade tensions, political turmoil in Italy and a surprise contraction in Britain’s economy. Shares of chipmakers and other…


Bursa Malaysia ends mixed, CI almost flat

KUALA LUMPUR: Bursa Malaysia ended mixed on Friday, with the FBM KLCI ending 0.06% easier ahead of the extended weekend.

At the close, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) edged down 0.97 of-a-point to end at 1,615.05 from Thursday’s close of 1,616.02.

The key index, which opened 2.72 points easier at 1,613.30, moved between 1,613.27 and 1,620.76 throughout the day.

On the broader market, gainers led losers 447 to 355, while 385 counters remained unchanged, 717 untraded and 18 others suspended.

Turnover decreased to 1.97 billion units worth RM1.55 billion against Thursday’s 2.12 billion units worth RM1.52 billion.

Bursa Malaysia and its subsidiaries will be closed on Monday, August 12, in lieu of Hari Raya Aidiladha which falls on Sunday, August 11, and will resume operations on Tuesday.

Market heavyweights, Public Bank jumped 10 sen to RM21.52, Petronas Chemicals advanced nine sen to RM7.39, Axiata was flat at RM5, Maybank, TNB and CIMB fell two sen each to RM8.60, RM13.82 and RM5.04, respectively, while Maxis declined one sen to RM5.41.

As for the actives, Datasonic went up three sen to 82.5 sen, Ekovest gained one sen to 82.5 sen, Velesto edged up half-a-sen to 30.5 sen, Netx was flat at 1.5 sen, and Vsolar shed 1.5 sen to 15.5 sen.

The FBM Emas Index gained 0.26 of-a-point to 11,440.33, the FBMT 100 Index went down 0.53 of-a-point to 11,272.87, while the FBM Emas Shariah Index eased 1.44 points to 11,926.57.

The FBM 70 improved by 24.88 points to 14,304.37 and the FBM Ace expanded 45.57 points to 4,697.64.

Sector-wise, the Financial Services Index slid 15.33 points to 15,841.99, the Plantation Index trimmed 29.80 points to 6,727.41 but the Industrial Products and Services Index rose 1.03 points to 152.64.

Main Market volume rose to 1.23 billion shares valued at RM1.41 billion versus Thursday’s 1.14 billion shares valued at RM1.35 billion.

Warrants turnover fell to 342.36 million units worth RM85.21 million against 409.73 million units worth RM100.12 million yesterday.

Volume on the ACE Market shrank to 398.31 million shares valued at RM60.61 million from 569.73 million shares valued at RM64.81 million.

Consumer products and services accounted for 197.01 million shares traded on the Main Market, industrial products and services (192.90 million), construction (133.49 million), technology (193.27 million), SPAC (nil), financial services (35.54 million), property (82.58 million), plantations (12.86 million), Reits (17.70 million), closed/fund (2,000), energy (268.30 million), healthcare (18.15 million), telecommunications and media (41.83 million), transportation and logistics (20.14 million) and utilities (12.20 million).

The physical price of gold as at 5.00pm stood at RM195.37 per gramme, up 91 sen from RM194.46 at 5.00pm last yesterday. — Bernama


Activists: China factory put teens on night shift to make Amazon devices

KUALA LUMPUR, Aug 9 — Amazon pledged today to investigate claims of worker abuse at a factory in China after labour activists said students as young as 17 were put on night shifts and legal overtime limits broken. Research by New York-based China…


China orders Cathay Pacific suspend staff backing Hong Kong protests

HONG KONG, Aug 9 — China’s aviation regulator today demanded Cathay Pacific Airways suspend personnel who have engaged in illegal protests in Hong Kong from staffing flights into its airspace from August 10. Hong Kong has been embroiled in…