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Axiata Group Bhd saw some selling pressure in early morning trade on news that it had been hit with a capital gains tax bill of RM2.16bil by the Nepalese Supreme Court. The stock lost as much as 20 sen or 5.1% in early morning trading on Friday to a low of…
Foreign funds snapped up RM146.8 million net of local equities last week during the holiday-shortened week. “Foreign funds resumed their entry into stocks listed on Bursa for the fourth consecutive week albeit at a slower pace compared to the preceding week,“…
Bursa Malaysia Bhd’s net profit in the fourth quarter ended Dec 31, 2018 (Q4FY18) was down by 6.2% to RM51.9 million, from RM55.27 million a year ago, mainly due to lower contribution from the securities segment. Revenue for the quarter declined 8.7% to…
Bursa Malaysia was not spared the fallout from this week’s rout on Wall Street and the slump in crude oil prices, with the FBM KLCI sliding 15.34 points to close at 1,695.37 points today. Most sectoral indices on the local bourse ended in the red today, save…
Bursa Malaysia is expected to continue its positive momentum next week, driven by a stronger ringgit, firmer oil price, strong global economic outlook, and better corporate earnings, a dealer said. Affin Hwang Investment Bank Vice-President/Head of Retail…
Bursa Malaysia aims to boost retail investors’ participation to 25 per cent in the near term from the current 23.3 per cent with 80 programmes underway to increase financial literacy. Bursa Malaysia chief executive officer Datuk Seri Tajuddin Atan said only…
Foreign tide has finally returned to Bursa Malaysia after three successive weeks of attrition, albeit only marginally. Foreigners turned net buyers last week despite the short trading week, according to MIDF Research in its weekly fund flow report today.…
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