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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…
The net amount sold by foreign investors last week shrank by more than half from RM531.8 million to RM247.1 million, the smallest weekly attrition so far this year. The pace at which international investors are disposing of stocks listed on Bursa Malaysia has…
Malaysia is looking to replace the chief executive officer of the national stock exchange, two sources said today, the latest in a series of top management changes initiated by the newly elected government. The sources gave no reason why the government was…
Bursa Malaysia opened lower, extending yesterday’s losses on continued selling in selected heavyweights and in line with most regional peers, dealers said. At 9.17am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 6.01 points lower at 1,839.02 from…
AMMB Holdings Bhd remains fully committed to driving its banking business (AmBank Group) forward despite its major shareholders looking set to exit the group. The Australia and New Zealand Banking Group (ANZ) is the most substantial shareholder in AmBank…
Bursa Malaysia is expected to continue its downtrend this week on gloomy investor sentiment as fears of a trade war was triggered by US President Donald Trump’s plan to impose steep tariffs on steel and aluminum imports. Affin Hwang Investment Bank…
Bursa Malaysia is expected to trade firmer next week, taking cue from the encouraging 2017 gross domestic product (GDP) data released on Wednesday. Affin Hwang Investment Bank Vice-President/Head of Retail Research, Datuk Dr Nazri Khan Adam Khan said the 5.9%…
Bursa Malaysia Bhd, which attracted 13 new listings in 2017, expects to see more companies listed on the Main and ACE Markets this year. “The IPO (initial public offering) pipeline seems to be tracking quite well. So we expect that it will probably be…
Bursa Malaysia rebounded from yesterday’s losses to open slightly higher today on renewed buying interest in selected heavyweights, amid a mixed start on regional markets, dealers said. At 9.10am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) stood at…
Bursa Malaysia is likely to trend higher next week, with the benchmark index inching towards the 1,780-level, supported by positive local economic news and the return of calmness after the sharp drop on Wall Street early last week. Affin Hwang Investment Bank…
Bursa Malaysia opened slightly higher on Tuesday, extending yesterday’s gains but mild profit-taking in selected heavyweights limited the gains, dealers said. At 9.10am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 0.40 point better at 1,673.08,…
Bursa Malaysia is likely to trend higher next week on improved sentiment including Bank Negara’s overnight policy rate (OPR) cut, rebound in oil prices, global bank stimulus and a stronger currency. Affin Hwang Investment Bank Vice-President and Retail…
Shares on Bursa Malaysia are expected to trade higher next week, supported by positive domestic and regional sentiments. Affin Hwang Investment Bank vice-president/head of retail research Datuk Dr Nazri Khan Adam Khan said market has been on an upward trend…
