KLCI pares loss as banking stocks advance


KUALA LUMPUR (June 22): The FBM KLCI pared much of its loss at the midday break today as index-linked banking stocks advanced for the benchmark index to regain some lost ground. At 12.30pm, the FBM KLCI was down 2.45 points to 1,689.87. The index had earlier slipped to its intra-morning low of 1,768.03. Losers led gainers by 288 to 208, while 550 counters traded unchanged. Volume was 944.01 million shares valued at RM829.76 million. The top losers included British American Tobacco (M) Bhd, KESM Industries Bhd, Ayer Holdings Bhd, TenagaRead More

KLCI down 0.66% as investor sentiment remains jittery


KUALA LUMPUR (June 22): The FBM KLCI fell 0.66% at mid-morning today, tracking losses at the regional markets as investor sentiment remained jittery given the spectre of a global trade war. At 10am, the FBM KLCI fell 11.02 points to 1,681.3. Losers led gainers by 277 to 177, while 283 counters traded unchanged. Volume was 398.65 million shares valued at RM282.86 million. The top losers included British American Tobacco (M) Bhd, Kuala Lumpur Kepong Bhd, Nestle (M) Bhd, Ayer Holdings Bhd, KESM Industries Bhd, Superlon Holdings Bhd, PPB Group Bhd,Read More

Asian shares flirt with six-month lows as signs of tariff effects appear

TOKYO, June 22 — Asian shares were under pressure today on signs US trade battles with China and many other countries are starting to chip away at corporate profits, with oil prices choppy ahead of major producers meeting to discuss raising…

Persistent selling drags Bursa Malaysia lower

KUALA LUMPUR, June 21 — Bursa Malaysia extended its downtrend today but closed off its intra-day low, primarily hit by continued foreign selling from the emerging markets. Inter-Pacific Securities Sdn Bhd Head of Research Pong Teng Siew said the…

Oil falls as Opec nears deal to raise production

LONDON, June 21 — Oil prices fell today as crude exporters in OPEC appeared to be nearing a deal to increase production. Benchmark Brent crude fell US$1.10 (RM4.42) a barrel to a low of US$73.64 before recovering slightly to US$73.74, down US$1.00…

Bursa Malaysia poised for correction amid foreign outflows


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

Ancom unit iEnterprise wins Qlik New Partner of the Year award for Asia Pacific

PETALING JAYA, June 21 — Ancom Bhd's subsidiary iEnterprise Online Sdn Bhd (iEnterprise) was recently awarded Qlik’s New Asia Pacific Partner 2018 at its annual Qonnections event in Florida, US. iEnterprise is an established IT software and…

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


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

Bursa retreats after opening higher

KUALA LUMPUR, June 21 — Bursa Malaysia opened higher, but retreated thereafter today, amid the mixed performance of regional peers and as markets remained uncertain about the US-China trade spat. A 9.05am today, the benchmark FTSE Bursa Malaysia…

Asian shares subdued amid lull in trade spat, oil eases into Opec

SYDNEY, June 21 — Asian shares were subdued today as a lull in the Sino-US trade tussle helped calm nerves enough for the Nasdaq to reach a record high, while tensions in the oil market grew ahead of an Opec meeting that may expand crude supply….