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KLCI extends gains for 6th day, Dialog lifts

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KUALA LUMPUR: Sustained local institutional support for battered down but fundamentally strong blue chip companies saw the FBM KLCI climbing for the sixth day on Friday. The firmer key Asian markets helped shore up local market sentiment. Fresh China data suggest the Sino-US trade war has yet to make a dent on the Chinese economy, Reuters reported. The KLCI rose 18.36 points or 1.08% to 1,721.93, after adding 14.8 points on Thursday. Turnover improved to 3.27 billion shares valued at RM2.83bil. The broader market was firmer with advancers leading declinersRead More


Banks outlook in 2H18: Bright or bleak?

Investors are keen on gauging the overall health of the local financial sector, specifically assessing if the recent shares selloff presents investors with a good buying opportunity. It has been a steady quarter for banks in Malaysia – domestic loan growth in the first quarter of 2018 (1Q18) of most banks was above the industry […]


Maybank, Maxis lead KLCI into the red

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KUALA LUMPUR: Maybank and Maxis weighed on the FBM KLCI on Wednesday on late selling pressure, mainly from foreign funds, while most key Asian markets were in the red also. There was no respite for Bursa Malaysia as the fallout from the US-China trade tensions, a sharp fall in the yuan and the worrying scandal-hit 1Malaysia Development’s debts saw foreign funds exiting the market. This was the 36th day of foreign selling on the local bourse. At 5pm, the KLCI was down 9.78 points or 0.58% to 1,666,08. Turnover wasRead More


Foreign selling continues for eight week in a row

KUCHING: Stocks listed on Bursa Malaysia have been subjected to foreign selling for the past eight uninterrupted weeks. Based on preliminary data from the bourse which excluded off market deals, the net amount offloaded by foreign investors last week stood above the RM1 billion level for the fifth time this year at minus RM1.89 billion. […]


Trade war rhetoric weighs on markets, KLCI just above 1,700

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KUALA LUMPUR: Blue chips managed to cross the key 1,700 level early Monday but Asian shares got the week off to a cautious start as trade war fears continued to cast a pall of gloom. At 9.16am, the FBM KLCI was up 7.1 points or 0.42% to 1,701.25. Turnover was 203.61 million shares valued at RM112.53mil. There were 175 gainers, 117 losers and 210 counters unchanged. Reuters reported S&P500 mini futures fell as much as 0.5% in early trade while MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.2%.Read More


Bursa Malaysia ends at over 15-month low

KUALA LUMPUR, June 20 — Bursa Malaysia gave up earlier gains to slip into the red in late trade, closing at over 15-month low on last-minute selling. A dealer said the market benchmark ended at its intra-day low for the second consecutive day…


KLCI slides 28pt as key Asian markets fall on Trump’s threats

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KUALA LUMPUR: US President Donald Trump’s threat to slaps tariffs on another US$200bil on Chinese imports dealt a heavy blow to European and key Asian markets, especially China as investors fled riskier assets especially equities. At Bursa, key banking stocks like Maybank and Public Bank led the key FBM KLCI lower as the heavy selling on Bursa Malaysia stretched into 30 days. At 5pm, the KLCI was  down 28.07 points or 1.61% to 1,715.36. Turnover was 2.31 billion shares valued at RM2.65bil. Decliners beat advancers 673 to 226 while 386Read More


Malaysia palm output seen at record as growers weigh wage hike

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KUALA LUMPUR (June 14): Palm oil production in Malaysia is set to climb to a record this year as rain boosts yields, according to a growers’ group in the world’s second-largest producer. Output may rise to between 20.5 million and 21 million metric tons from 19.9 million tons last year, said Nageeb Wahab, chief executive of the Malaysian Palm Oil Association. The group, which includes Sime Darby Plantation Bhd, IOI Corp and Kuala Lumpur Kepong Bhd, represents about 40% of the 5.8 million hectares (14 million acres) of oil palmRead More


KLCI closes slightly lower, shrugs off late selling

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KUALA LUMPUR: Fund buying of Petronas Dagangan and Nestle enabled the FBM KLCI to shrug off the late selling pressure on Thursday after the US Federal Reserve raised rates with expectation of another two hikes for the year. At 12.30pm, the KLCI was down 1.79 points or 0.1% to 1,761.78 – after falling more than 14 points. The market will reopen next Monday after the Hari Raya Aidilfitri holidays. Turnover was 1.62 billion shares valued at RM3.02bil. There were 361 gainers, 372 losers and 372 counters unchanged. Southeast Asian stockRead More


Banks weigh as KLCI ends nearly flat

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KUALA LUMPUR: Banks, MISC and Petronas Dagangan weighed on the blue chips on Wednesday as trading volume thinned ahead of the long weekend while the broader market was mixed. At 5pm, the FBM KLCI had closed down 0.59 of a point or 0.03% to 1,763.57. Turnover was 2.12 billion shares valued at RM2.02bil. There were 397 gainers, 469 losers and 396 counters unchanged. Among the key Asian markets, investors braced for a Federal Reserve policy decision later in the day, Reuters reported. In Hong Kong, stocks ended lower as aRead More