stock market


Bursa Malaysia ends higher, led by Petronas Chemicals

KUALA LUMPUR, Aug 20 — Bursa Malaysia closed higher today on continued buying in selected heavyweights led by Petronas Chemicals, as well as mid and small-cap stocks, in sync with most regional peers, dealers said. At 5pm, the benchmark FTSE Bursa…

Shares climb on hopes for US-China trade talks, Turkish lira falls

LONDON, Aug 20 — Global stocks rose today amid optimism over planned trade talks between the United States and China, while Turkey’s lira fell after its credit ratings were downgraded and shots were fired outside the US embassy in Ankara….

FBM KLCI up as China shares gain


KUALA LUMPUR (Aug 20): The FBM KLCI rose 4.5 points or 0.3% with China shares as investors looked ahead at the planned China-US trade talks. The talks are closely watched for any China-US trade war easing signs. At Bursa Malaysia, the KLCI settled at 1,787.97 at 12:30pm. In China, the Shanghai Stock Exchange Composite added 0.11% while Hong Kong’s Hang Seng was 0.19% higher. Across Bursa Malaysia, 1.18 billion shares worth RM851.41 million were traded. Top gainers included Carlsberg Brewery Malaysia Bhd and Petronas Chemicals Group Bhd. Leading decliners includedRead More

Chinese internet stock sell-off may shake faith in FANGs

An investor looks at an electronic board showing stock information at a brokerage house in Shenyang, Liaoning province August 16, 2013. Major brokerage Everbright Securities Co Ltd said in a filing to the Shanghai Stock Exchange that its trading system encountered problems Friday morning, following a dramatic 5 percent spike in domestic stock indexes that many suspected was the byproduct of a trading error. REUTERS/Stringer (CHINA - Tags: BUSINESS)

SAN FRANCISCO, Aug 20 — A steep downturn in heavyweight Chinese internet stocks and recent weakness in half of the so-called FANG group have some investors worried that a key component of Wall Street’s near-decade long rally may be low on fuel….

The smarter way to invest during volatile times

THE popular manner unit trust funds are promoted by fund sales promoters are based on fund past performance. And that is also the common way investor gets the impression and decides which fund is good to invest in. Why? Because this feeds exactly into the investor’s psychology of wanting to see the good double-digit performance. […]

KLCI down 0.5% in line with regional markets


KUALA LUMPUR (Aug 16): The FBM KLCI pared losses for a 8.26-point or 0.5% drop in line with Asian share markets after China said it will hold trade talks with the US this month. Such sentiment raised hopes that the China-US trade war will ease. Reuters reported that China on Thursday said a delegation led by its vice commerce minister would travel to the United States for talks in late August at the invitation of Washington. That helped Chinese stocks pare losses, with the Shanghai Composite Index and Hong Kong’s HangRead More

China to widen foreign access to A-shares

SHANGHAI, Aug 16 — China’s securities regulator said it will allow individual foreign investors working in the country to buy and sell yuan-dominated Chinese A-shares, the latest incremental step by Beijing to widen access to its long-cloistered…

KL shares open lower today weighed down by selling activities

KUALA LUMPUR, Aug 16 — Bursa Malaysia opened lower today weighed down by selling activities in most heavyweights, taking the cue from the weaker performance on Wall Street and European stock markets overnight, dealers said. At 9.05am, the…

Tesla shares fall on reports of SEC subpoena


NEW YORK, Aug 16 — Shares of Tesla fell yesterday following reports US securities regulators have subpoenaed the electric car maker’s chief executive Elon Musk over his statements about taking the company private. Shares finished down 2.6 per…

Bursa Malaysia closes higher on mild buying interest

KUALA LUMPUR, Aug 15 — Bursa Malaysia closed higher today on continued mild buying in selected heavyweights led by Public Bank, as well as mid and small-cap stocks, amid the weaker trend in most regional peers, dealers said. At 5pm, the benchmark…