equities

 
 

Finance, construction remain key drivers for property sector

KUCHING: The financial and construction sectors remain key drivers to Malaysia’s property sector outlook, says Kenanga Investment Bank Bhd (Kenanga Research), as higher business risk profiles should be commensurated by higher return on equities (ROEs). “We view the financial sector as key driver of the property sector as most house purchases are financed by home […]


China opens OTC equity board to foreign investors

SHANGHAI, June 22 — China will open its national over-the-counter (OTC) equity market to foreign investors, the operator said today, in the country’s latest move to deregulate its capital market. So far, foreigners under the Qualified Foreign…


Bursa Malaysia stays negative at mid-day

KUALA LUMPUR, June 22 ― Bursa Malaysia stayed in negative territory at mid-day today as investors continued to withdraw funds from the equity market, amid the bearish sentiment. At 12.30pm, the key FTSE Bursa Malaysia KLCI (FBM KLCI) slipped 2.45…


Most Asian currencies set for losing week, Indian rupee gains

NEW YORK, June 22 — Most Asian currencies trod water today, and with the exception of the Indian rupee they were set to end the week lower, partly due to concerns over a brewing trade war and caution ahead an Opec meeting later in the day. The…


Bursa Malaysia poised for correction amid foreign outflows

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KUALA LUMPUR: The worst streak of losses for Malaysian shares since last October is pushing the nation’s benchmark gauge toward a so-called correction. The FTSE Bursa Malaysia KLCI Index fell as much as 1 percent on Thursday, taking its decline to 11 percent since a peak two months ago. Down for a ninth straight day, the measure is heading for its lowest level since February 2017. Malaysian stocks have become some of the world’s worst performers since a record in April, down more than 10%. Foreign investors trying to adjustRead More


South-east Asia stocks: Philippines slumps 2pc, move further into bear territory

SINGAPORE, June 21 — Philippine shares slumped 2 per cent on today and moved further into bear territory on persistent foreign investor selling, largely sparked by a weak peso which hit a 12-year low earlier this week. The Philippine Stock…


KLCI slides below key 1,700 as Telekom slumps on broadband price cut

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KUALA LUMPUR: Foreign fund selling continued to weigh on Bursa Malaysia, with the FBM KLCI falling below the key support level of 1,700 in late morning trade on Thursday. At 11.02am, the KLCI was down 9.92 points or 0.58% to 1,699.83. Turnover was 743.72 million shares valued RM576.26mil. There were 206 gainers, 463 losers, 291 counters unchanged. The decline on Bursa Malaysia contrasted with the key Asian markets. Asian shares crept ahead on Thursday as a lull in the Sino-US trade tussle and talk of more Chinese stimulus helped calmRead More


Global stocks rise despite trade war concerns

LONDON, June 20 — World stocks climbed today as investors fished for bargains, but anxiety lingered over simmering trade tensions between China and the United States, dealers said. London won 0.8 per cent, Frankfurt added 0.1 per cent and Paris…


China moves to slow currency drop after fastest loss since 2015

HONG KONG, June 20 — Chinese officials set the daily fixing of the yuan at a much stronger level than expected, suggesting efforts to stem declines amid escalating trade tensions with the US The People’s Bank of China’s reference rate was…


Asian markets mostly up but trade war fears keep dealers on edge

HONG KONG, June 20 — Asian equities rose today on bargain-buying after the previous day’s battering, but investors remain anxious as the threat of a China-US trade war hangs over markets. Shanghai and Hong Kong bore the brunt of the sell-off…