Market News & Events

KUALA LUMPUR (March 9): The FBM KLCI dived 3.02% at the midday break today as regional markets slumped amid a global equity rout, precipitated by fears of global economic downturn as the coronavirus spread across more countries while crude oil prices plunged more than 30%.

KUALA LUMPUR: Bursa Malaysia opened sharply lower across the board on Monday on selling pressure after the global benchmark, Brent crude oil, plunged 20.63 per cent to US$35.93 per barrel following the collapse of an oil supply agreement between oil cartel OPEC and Russia.

KUALA LUMPUR: The ringgit extended last week’s losses to trade lower against the US dollar in today’s early session as investors shifted interest towards safe-haven currencies due to worries over the Covid-19 outbreak and weakening global oil prices, dealers said.

SINGAPORE (March 2): Mr DIY Group, Malaysia’s biggest home improvement retailer, is considering postponing its planned initial public offering after the country’s equities market tumbled on political uncertainty, according to people familiar with the matter.

KUALA LUMPUR (March 2): Counters of e-government service providers continue to rally today ahead of possible contract wins.

New York (Feb 28): The S&P 500 fell for the seventh straight day on Friday and the benchmark index suffered its biggest weekly drop since the 2008 global financial crisis on growing fears the fast-spreading coronavirus could push the economy into recession, although stocks regained some ground right at the end of a volatile session.

NEW YORK (Feb 28): Coronavirus panic sent world stock markets tumbling again on Friday, with an index of global stocks setting its largest weekly fall since the 2008 global financial crisis, and over $5 trillion wiped from global market value this week.

KUALA LUMPUR (Feb 26): Shares in Kossan Rubber Industries Bhd rose 1.88% at mid-morning today following a positive technical outlook on the stock.

KUALA LUMPUR (Feb 26): The FBM KLCI fell 1% in early trade this morning as fears of a coronavirus pandemic rattled most global markets.