31.4 C
Kuala Lumpur
Monday, May 27, 2019

Local Business

Bursa Malaysia opens easier

A dealer said sentiment in the market was clouded by the lower overnight performance of Wall Street coupled with a sharp drop in crude oil prices and as global trade war worries continued.

Ringgit opens lower against US dollar

Meanwhile, the local note traded higher against other major currencies.

Boustead Plantations turns red in second quarter

It blames this on sharp fall in selling prices of palm products and an increase in operating expenditure.

Bursa Malaysia opens higher

A dealer said the better Bursa Malaysia performance today came as investors anticipate the US-China trade talks to bring about a positive direction for global trade.

Ringgit opens lower against US dollar

The market was closed on Tuesday in conjunction with the Hari Raya Aidiladha celebration.

Bursa Malaysia opens higher

A dealer said the better Bursa Malaysia performance today was also in line with Asian peers as traders shrugged aside a fresh retreat for the Turkish lira.

Bursa Malaysia opens higher

FBM KLCI index is anticipated to trend higher today on bargain hunting, mainly in lower-liner stocks, with investors looking for attractive and cheap stocks to nibble.

Ringgit recovers ground against US Dollar

The Ringgit opens higher following a week of weakening against the greenback.

US-China trade war sees unstable environment for foreign inflows

Bank Islam chief economist says investors preferred to stay on the sidelines rather than establish a new position in equities.

Bursa Malaysia opens higher

Kenanga Investment Bank Bhd said that should the market sentiment continue to improve, resistance could be identified at the 1,800 level and possibly 1,830.

Ringgit opens flat against US dollar

A dealer said traders were holding back as Washington will be resuming trade talks with Beijing next week.

Bursa Malaysia opens lower

Trade war concerns have reportedly weighed heavily on Wall Street and the European stock markets, resulting in Bursa Malaysia's weak opening.

Ringgit opens flat against US dollar

It was said that despite the current episode of trade tensions and recent lira crisis which have caused volatility in the market, Malaysia's domestic macroeconomic fundamentals remain solid.

Ringgit opens lowest in 8 months against US dollar

Current investors were said to be worried about the contagion affecting emerging market currencies, which saw a move to a safe haven.

Bursa Malaysia extends losses to open lower

Public Investment Bank Bhd said the FBM KLCI is expected to experience a moderate pullback above the support level of 1,762, which is deemed healthy should the dampened sentiment persist.

Ringgit lower against US dollar for second consecutive day

The dealer said an increase in oil prices would cushion any impact on the ringgit.

Bursa Malaysia opens lower

Kenanga Investment Bank Bhd said technically, the FBM KLCI had been on a bullish run since mid-July.

Ringgit opens lower against US dollar

A dealer said the ringgit to US dollar exchange may also be reduced due to the US Federal Reserve increasing interest rates.

Bursa Malaysia opens lower but rebounds thereafter

Maybank Investment Bank Bhd said the mixed Wall Street performance overnight despite positive sentiment over strong corporate earnings had placed investors on the sidelines.

Ringgit falls against dollar in early session

FXTM Global Head of Currency Strategy & Market Research, Jameel Ahmad said concerns over the trade war between the United States and China remained rampant, if not escalating even further.

Ringgit lower against US dollar in early session

A dealer said traders were worried that lower global oil prices would reduce the country’s revenue from the oil and gas sector, on top of persisting jitters surrounding external trade.

Bursa Malaysia opens lower, but rebounds thereafter

Maybank Investment Bank Bhd said weakness in overnight US markets, the fall in crude oil prices, coupled with renewed concerns over trade tensions, weighed on sentiment today.

Ringgit flat against US dollar in early trade

Against other major currencies, the ringgit traded mixed.

Bursa Malaysia extends uptrend to open higher

Maybank Investment Bank Bhd expected investors to turn risk-on today with US stocks approaching a fresh all-time high.

MOST VIEWED LAST 2 DAYS

CURRENT HIGHLIGHTS

MORE BY FMT