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Falling prices rock coffee-growers in Colombia

SANTUARIO (Colombia), May 28 ― High in the lush green mountains of western Colombia where they grow the soft beans from which the world's finest coffee is cultivated, growers are up in arms over the giveaway prices being fixed a world away on the…


FBM KLCI trims losses further, broader market stays negative

KUALA LUMPUR, May 14 — The FTSE Bursa Malaysia KLCI (FBM KLCI) trimmed losses further at mid-afternoon today, supported by gains in selected heavyweights. At 3pm, the barometre index shed 1.72 points to 1,599.37. The index opened 20.24 points…


Bursa paring losses but still in negative

KUALA LUMPUR, May 14 — Bursa Malaysia remained in negative territory at midday but pared early losses as investors sought bargains among index heavyweights after yesterday’s sharp selling. At noon break, the benchmark FTSE Bursa Malaysia KLCI…


Bursa Malaysia ends trading on negative note

KUALA LUMPUR: Bursa Malaysia finished trading Friday on a negative note, in sync with some key regional bourses amid mounting worries over the global economy outlook.

The jitters in the external market sparked by the ongoing US-China two-day trade meeting have spilled over into the local bourse.

Leading losers in the decliners list included consumer products and services related counters — Nestle, which lost RM1 to RM144.00, while F&N declined 48 sen to RM33.38.

The benchmark FTSE Bursa Malaysia KLCI dipped 8.26 points to 1,610.27 against Thursday’s close of 1,618.53.

The index, which opened at 1,615.91, down by 2.62 points, moved between 1,610.27 and 1,620.40 throughout the day.

Overall, losers outnumbered gainers 465 to 335 with 404 counters unchanged, 706 untraded and 24 others suspended.

Turnover increased to 2.29 billion shares worth RM1.84 billion from 2.14 billion shares worth RM2.02 billion recorded yesterday.

A dealer said concerns over the trade talks progress by Washington and Beijing had dragged Malaysian palm oil futures price down by one per cent.

Plantation stocks such as IOI Corp lost 11 sen to RM4.24, Sime Darby Plantation fell four sen to RM4.95 and Kuala Lumpur Kepong was 14 sen lower at RM24.50.

Among the heavyweights, Maybank was flat at RM8.97, Public Bank fell two sen to RM22.26 while Petronas Chemicals was one sen lower at RM8.89.

Of the actively-traded stocks, Bumi Armada inched down one sen to 20 sen, Ekovest added half-a-sen to 88 sen while its warrants were 1.5 sen better at 39.5 sen.

The FBM Emas Index declined 53.02 points to 11,374.96, the FBMT 100 dipped 52.71 points to 11,205.05 and the FBM 70 lost 46.95 points to 14,079.05.

The FBM Emas Shariah Index erased 82.96 points to 11,550.43 and the FBM Ace Index was down 12.11 points to 4,532.57.

Sector-wise, the Financial Services Index dropped 33.72 points to 16,566.18, the Plantation Index fell 57.47 points to 7,050.28 and the Industrial Products and Services Index was 0.41 of-a-point lower at 166.68.

Main Market volume rose to 1.48 billion shares valued at RM1.67 billion from 1.33 billion shares valued at RM1.85 billion recorded yesterday.

Warrants turnover increased to 439.87 million units worth RM122.21 million versus 399.71 million units worth RM114.40 million.

Volume on the ACE Market decreased to 366.31 million shares valued at RM49.46 million from 411.74 million shares valued at RM56.02 million.

Consumer products and services accounted for 196.97 million shares traded on the Main Market, industrial products and services (168.35 million), construction (319.07 million), technology (77.78 million), SPAC (nil), financial services (46.80 million), property (141.59 million), plantation (23.26 million), REITs (12.38 million), closed/fund (0), energy (409.50 million), healthcare (21.89 million), telecommunications and media (28.17 million), transportation and logistics (13.76 million) and utilities (16.71 million). – Bernama


Bursa lower at mid-day in line with Asian shares

KUALA LUMPUR, May 10 — Bursa Malaysia was lower at mid-day, in line with Asian shares, following overnight losses on Wall Street. The US market’s main indices fell amid critical two-day trade meeting between the top US and Chinese trade…


Bursa Malaysia ends lower in tracking Asian shares

KUALA LUMPUR, May 9 — Bursa Malaysia ended the day in the red on persistent selling across the board, amid weaker regional equities, and the recent reduction in the overnight policy rate (OPR) by Bank Negara Malaysia. The benchmark FTSE Bursa…


Beyond Meat makes sizzling Wall Street debut

NEW YORK, May 3 — The celebrity-backed vegan burger start-up Beyond Meat made a sizzling Wall Street debut yesterday, more than doubling its share price, as investors show an appetite for the growing trend in plant-based diets. Backed by Hollywood…


Bursa Malaysia ends on positive note ahead of weekend

KUALA LUMPUR: Bursa Malaysia recouped earlier losses to close on a positive note today, ahead of the weekend on bargain-hunting activities mostly in blue chips, as well as lower liners and small caps, despite rising concerns over the global and local economy.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 5.06 points to 1,637.30 from Thursday’s close of 1,632.24.

After opening 0.71 of-a-point lower at 1,631.53, the benchmark index moved between 1,625.56 and 1,637.41 throughout the session.

On the broader market, gainers led losers 447 to 395 with 383 counters unchanged, 680 untraded and 18 others suspended.

Turnover rose to 2.82 billion shares worth RM2.11 billion from 2.68 billion shares worth RM1.95 billion on Thursday.

The gainers included United Plantation which added 40 sen to RM26.60, BLD Plantation advanced 29 sen to RM6.96, Amway rose 21 sen to RM6.17, Nestle increased 20 sen to RM146.50, Thong Guan Industries gained 16 sen to RM2.81 and Ekovest perked up 13 sen to 95.5 sen.

Asian shares market were mostly lower on Friday due to the weaker oil prices, as well as caution ahead of the US non-farm payroll data which is due later today which will give further market direction over the path of the US interest rates.

Hong Kong stocks climbed 0.46% to 30,081.55, Korea’s KOSPI slipped 0.74% to 2,196.32, Jakarta Composite Index eased 0.86% to 6,319.46 and Singapore’s Straits Times Index reduced 0.03% to 3,392.29.

Meanwhile, China and Japan remained closed for holidays.

Back home, investors were also waiting for the release of the first quarter of 2019 (Q1 2019) gross domestic product (GDP) numbers which is due on May 16 and Bank Negara Malaysia’s monetary policy announcement on May 7.

Among heavyweights, Axiata gained nine sen to RM4.04, Maybank rose one sen to RM9.26 and Public Bank improved six sen to RM22.54.

Of the actively-traded stocks, IWCity jumped 10.5 sen to RM1.05, Lambo Group was half-a-sen lower at 9.5 sen and Bumi Armada was flat at 22 sen.

The FBM Emas Index was 38.10 points higher at 11,611.76, the FBMT 100 increased 37.02 points to 11,431.96 and the FBM 70 advanced 53.70 points to 14,521.39.

The FBM Emas Shariah Index was 54.39 points firmer at 11,779.77 and the FBM Ace Index rose 41.90 points to 4,646.03.

Sector-wise, the Financial Services Index was up 18.21 points to 16,932.93, the Industrial Products and Services Index was 0.26 of-a-point better at 169.34 while the Plantation Index eased 4.06 points to 7,201.87.

Main Market volume improved to 2.02 billion shares valued at RM1.96 billion against 1.91 billion shares valued at RM1.80 billion on Thursday.

Warrants turnover increased to 404.02 million units worth RM91.14 million from 347.54 million units worth RM86.49 million previously.

Volume on the ACE Market decreased to 382.70 million shares valued at RM55.54 million versus 414.73 million shares valued at RM62.67 million yesterday.

Consumer products and services accounted for 233.42 million shares traded on the Main Market, industrial products and services (349.08 million), construction (590.89 million), technology (96.53 million), SPAC (nil), financial services (42.46 million), property (242.24 million), plantation (29.11 million), REITs (12.06 million), closed/fund (nil), energy (342.83 million), healthcare (24.03 million), telecommunications and media (27.20 million), transportation and logistics (12.91 million), and utilities (21.08 million). – Bernama


Bursa continues downtrend at mid-morning

KUALA LUMPUR, May 3 — Bursa Malaysia continued the downtrend at mid-morning, weighed down by selling in selected blue chips including Public Bank, Genting and Nestle. At 11am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell 1.51 points to…


Nestle allocates RM220m capex for 2019, highest in past five years

PETALING JAYA: Nestle Malaysia Bhd has set aside RM220 million in capital expenditure (capex) for 2019, the highest in the past five years.

“Some RM100 million of the capex will go to our Chembong factory to establish the world’s largest milo manufacturing centre,” said its CEO Juan Aranols (pix) at a media briefing after its AGM here today.

The remaining RM120 million will be utilised to increase the capacity of six other factories.