Market News & Events

 

Market News & Events

We will update you with the latest information on events or seminars organised by us, Bursa and other related organizer that will benefit you.

19 Mar

Top Glove 2Q profit up 9%, expects solid quarters ahead

KUALA LUMPUR (March 19): Top Glove Corp Bhd's net profit in the second quarter ended Feb 29, 2020 (2QFY20) rose 9.35% to RM115.68 million from RM105.79 million in the year-ago quarter, thanks to tax incentives from ongoing expansion and higher revenue.
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19 Mar

KLCI falls 1.52% as Covid-19 fears, weakening ringgit and crude, MAHB, Genting stocks drag

KUALA LUMPUR (March 19): The FBM KLCI lost 1.52% at mid-morning as Malaysia Airports Holdings Bhd (MAHB) and Genting counters fell, amid rising worries over Covid-19, gloomy economic outlook, crude oil below US$30 as well as weakening ringgit.
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19 Mar

Energy stocks active, fall as crude oil hovers below US$30 amid possible glut

KUALA LUMPUR (March 19): Stocks in the energy sector on Bursa Malaysia fell in active trade at mid-morning today as crude oil prices continued to hover below US$30 per barrel with a possible glut in April.
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18 Mar

Bursa Malaysia higher in early trading

KUALA LUMPUR: Bursa Malaysia was higher in the early trading session today as an overnight rebound in the US markets sparked bargain hunting activities in the domestic market.
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18 Mar

Major institutional funds lose RM55.7b in rout

KUALA LUMPUR: No one seems to be able to escape unscathed from the recent global equity rout, with no exception among the country’s major institutional funds like the Employees Provident Fund (EPF), Permodalan Nasional Bhd (PNB) and Retirement Fund Incorporated or Kumpulan Wang Persaraan (Diperbadankan) (KWAP).
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18 Mar

No market bottoming seen until Covid-19 is contained

KUALA LUMPUR: It has been almost a week since Covid-19 was declared a pandemic, triggering an avalanche of panic selling across global markets, including Bursa Malaysia. And it does not look like the bloodbath is ending anytime soon, as the clamour of an imminent global recession gains momentum.
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18 Mar

Ringgit takes a blow, falling to lowest level since April 2017

KUALA LUMPUR: The ringgit yesterday continued its downtrend that started since last week. The local currency depreciated by 5.98% to 4.3500 at the time of writing against a strengthening US dollar, the worst level since April 2017.
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16 Mar

Stocks dive as Fed & co fail to calm panicky markets

LONDON/SYDNEY (March 16): Stock markets were routed and the US dollar stumbled on Monday after the Federal Reserve slashed US interest rates in an emergency move and its major peers offered cheap US dollars in a bid to prevent global lending markets seizing up.
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16 Mar

KLCI ends below 1,300 after US rate cut as China data disappoints

KUALA LUMPUR (March 16): The FBM KLCI closed down 64.12 points or 4.77% at 1,280.63 today after plunging in afternoon trades with world equities as investors evaluated the effectiveness of global central banks’ monetary policies to mitigate the economic impact of the Covid-19 pandemic and after China reported its latest industrial output numbers, which fell below market forecast.
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