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KUALA LUMPUR: The FBM KLCI marched higher for the third day, putting on 1.39% to its highest in almost four years, as investors piled into blue chip stocks.
Bursa Malaysia extended its rally yesterday, with the key index closing near to a 45-month high, fuelled by a surge in sentiment within the financial sector, underpinned by the robust quarterly earnings reports from key players.
MANILA, Jan 2 (Xinhua): In a New Year message, President Rodrigo Duterte voiced confidence that the Philippines will sail through the pandemic and see "brighter days" in 2021 amid the global health crisis.
PETALING JAYA: The local stocks staged a rally despite news that the United States and eurozone economy shrank as business and household activity froze from the measures to contain the coronavirus pandemic.
Asian stocks advanced Friday after Chinese leaders pledged to step up efforts to support the economy as the country weathers its worst outbreaks of Covid-19 since the pandemic began.
NEW YORK (Reuters) - Shares of several retail trading darlings, including AMC Entertainment and GameStop, surged in heavy volume late on Tuesday, on no apparent news, dealing over $1 billion in losses to short sellers.
KUALA LUMPUR: The FBM KLCI pared some of its gains but remained above the 1,500-point psychological level as index-linked stocks held firm.
Sacramento, Calif. (Reuters) - California's two most densely inhabited regions and its agricultural breadbasket will be under stay-at-home orders by Sunday night as the COVID-19 pandemic strains hospitals in the most populous U.S. state, officials said.
KUALA LUMPUR: The local stock market ended July on a disappointing note as selling pressure picked up pace in late Friday trade amid a weak economic outlook while key Asian markets also closed lower.
NEW YORK: The dollar strengthened and global equity markets surged on Tuesday, with Wall Street's Nasdaq index hitting a record high, as investors took heart from China's efforts to minimize the economic impact from the coronavirus epidemic.
KUALA LUMPUR: Foreign investors were net sellers in the local equity market during the shortened trading week, but total net outflow narrowed to RM212 million in the April 27-29 period compared with RM689.95mil for April 20-22.
KUALA LUMPUR: Kelantan and Terengganu recorded a significant surge in flood victims this afternoon compared to figures reported earlier on Thursday (Nov 28).
NEW YORK/LONDON: Equities suffered heavy losses around the globe on Monday as Wall Street added to a rout that started in Japan, while the dollar tumbled against the yen and nervous investors looked for signs of a recession in the United States.
KUALA LUMPUR: The Malaysian oil palm industry sees a brighter performance this year, which may continue into 2023, supported by stronger demand for the commodity, the Malaysian Palm Oil Board (MPOB) said.
US stocks rallied on Friday, led by technology shares to a sharply higher close as investors assessed a jobs report that showed US hiring rose broadly in September with slowing wage growth.
KUALA LUMPUR: The FBM KLCI closed below the 1550-point level on Monday, as profit-taking in selected heavyweights continued to pull the key index lower.
KUALA LUMPUR: Bursa Malaysia fell for a fifth straight session on Tuesday, as cautious sentiment weighed on buying pattern ahead of US Federal Reserve chairman’s speech in the Jackson Hole meeting.
KUALA LUMPUR: Bursa Malaysia pared most of its early losses to close marginally lower today, as uncertainty over the formation of a new government continued to weigh on market sentiment.
NEW YORK: Both the S&P 500 and the Nasdaq eked out record closing highs after a topsy-turvy Thursday on Wall Street, as investors focused on upbeat retail and technology earnings which outshone hawkish inflation comments from a Federal Reserve policymaker
MANILA (Philippine Daily Inquirer/ANN): The Philippines has detected four more cases of the highly infectious Delta Covid-19 variant, prompting authorities to beef up border controls as a Britain-based think tank warned on Monday (June 21) that the country could be among the last in Asia to achieve herd immunity due to slow vaccine roll-out.
