BENGALURU (March 26): Most Southeast Asian stock markets extended falls on Monday, with the Philippines hitting its lowest in nearly nine months, as fears of a full-blown trade war between the United States and China continued to rattle global markets. MSCI’s broadest index of Asia-Pacific shares outside Japan slipped nearly 0.3% for its fourth consecutive day in the red. “Asian equities are likely to remain on the back foot notwithstanding selective bargain hunting, after last week’s sell-off,” Mizuho said in a note. Philippine shares dropped as much as 1.7% toRead More
SINGAPORE, March 26 — Most South-east Asian stock markets extended falls today, with the Philippines hitting its lowest in nearly nine months, as fears of a full-blown trade war between the United States and China continued to rattle global…
BENGALURU (March 20): Philippine and Indonesian shares fell sharply on Tuesday, leading the losses across Southeast Asia, as overnight declines on Wall Street hurt risk appetite, in the run up to U.S. Federal Reserve Chairman Jerome Powell’s first policy meeting. Asian equities outside Japan edged lower after the three major U.S. indexes retreated on concerns over increased regulation for large tech companies, with Facebook Inc shares plunging 6.8%. Philippine shares dropped as much as 2.2%, led by losses in financials and industrials. The Philippines, where inflation quickened in February, hasRead More
SINGAPORE, March 20 — Philippine and Indonesian shares fell sharply today, leading the losses across South-east Asia, as overnight declines on Wall Street hurt risk appetite, in the run up to US Federal Reserve Chairman Jerome Powell’s first…
KUALA LUMPUR, March 9 ― Shares on Bursa Malaysia, which remained in positive territory today, closed higher on improved market sentiment following overnight gains in Asian equities and strong China trade data. At 5pm, the FTSE Bursa Malaysia…
KUALA LUMPUR, March 9 ― Shares on Bursa Malaysia opened higher this morning, with market sentiment lifted by overnight gains in Asian equities and strong China trade data. At 9.15am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) stood at…
KUALA LUMPUR: Shares on Bursa Malaysia opened higher this morning, with market sentiment lifted by overnight gains in Asian equities and strong China trade data.
At 9.15am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,844.56, up 4.94 points from 1,839.62 at yesterday's close.
The key index opened 2.48 points better at 1,842.1 this morning.
A dealer said local traders found solace after China's exports registered stronger-than-expected growth in February, signalling that both its economy and global growth remained resilient, even as trade relations with the United States deteriorates.
Meanwhile, Kenanga Research, in a note, said 1,840 represents a crucial resistance level, where a decisive break-through could see the index on a higher note towards 1,883.
Market breadth was positive with 224 gainers against 98 losers, while 192 counters were unchanged, 1,362 untraded and 21 others suspended.
Turnover stood at 237.55 million shares worth RM73.57 million.
Among heavyweights, Maybank was flat at RM10.46, Public Bank added eight sen to RM23.08, while Tenaga and CIMB rose two sen each to RM15.62 and RM7.15.
On the actives, SKH Consortium added half-a-sen to 10 sen, Tiger Synergy was unchanged at 3.5 sen and KUB Malaysia gained three sen to 53 sen.
Meanwhile, Nova Pharma made its debut on Bursa Malaysia's LEAP Market today at 24 sen, a premium of four sen over its offer price of 20 sen with 1,000 shares traded.
The FBM Emas Index rose 39.5 points to 12,973.29, the FBMT 100 Index was 39.21 points better at 12,714.19 and the FBM Emas Syariah Index gained 41.15 points to 13,132.67.
The FBM 70 increased 65.25 points to 15,422.15 and the FBM Ace was 64.02 points higher at 6,014.73.
Sector-wise, the Finance Index inched up 35.05 points to 18,045.71, the Industrial Index increased 6.88 points to 3,177.31 and the Plantation Index gained 26.11 points to 8,059.99
The physical price of gold as at 9.30am stood at RM160.54 per gramme, down 61 sen from RM161.15 at 5pm yesterday. — Bernama
SINGAPORE, March 2 — South-east Asian stock markets fell today, tracking a rout in broader Asian equities, as US President Donald Trump’s plan to press hefty tariffs on steel and aluminium imports sparked fears of a global trade war. Wall…
HONG KONG/LONDON (Feb 27): Standard Chartered Plc resumed paying dividends after posting a six-fold jump in annual pretax profit on Tuesday, but weaker-than-expected revenue figures dampened any celebration from investors. A restructuring plan spearheaded by CEO Bill Winters, who arrived in 2015 and has since cut more than 5,000 jobs and dumped entire business lines including Asian equities, has helped the bank cope with hefty bad debts piled on its books. Years of over-exuberant lending saw the emerging markets-focused bank, which makes the bulk of its income in Asia, cancelRead More
SYDNEY, Feb 26 — A rally in Asian equities looked set to extend into a third week after US stocks posted strong gains and Treasury yields dipped with US monetary policy back in focus in a week that includes two appearances from Federal Reserve…