Malaysia’s economy to remain on positive growth trajectory despite uncertainty on global front
KUALA LUMPUR: Malaysia’s economy is expected to remain on the positive growth trajectory moving forward despite uncertainty on the global economic front, as the country still has ample liquidity buffers. Inter-Pacific Asset Management Sdn Bhd chief executive officer Datuk Dr Nazri Khan Adam Khan said despite a surge in the US inflation recent, Malaysian bonds, […]
Bursa issues UMA query to Hoover
KUALA LUMPUR: Bursa Malaysia Securities Bhd has issued an unusual market activity (UMA) query to Grand Hoover Bhd (Hoover) due to the recent sharp rise in the price of the company’s shares. At 3.50 pm, Hoover shares rose 40 sen to RM1.76 with 1.92 million shares transacted. “Investors are advised to take note of the […]
KLCI futures ends firmer
KUALA LUMPUR: The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract (FKLI) on Bursa Malaysia Derivatives ended the half-day trading higher today, in sync with the underlying cash market. Spot month February 2021, March 2021 June 2021 all gained 2.5 points at 1,598, 1,589 and 1,585.5, respectively, while September 2021 climbed 3.5 points to 1,576.5. […]
Bursa Malaysia one of the top performing bourses in the region last year
KUALA LUMPUR: Bursa Malaysia continued to be among the top performing bourses in the region with 2.4 per cent growth in 2020, according to chairman Tan Sri Abdul Wahid Omar. He said a large foreign outflow of RM24.6 billion recorded in 2020 was well absorbed by domestic retail and institutional investors. “In fact, we saw […]
Felda buys 10 mln more FGV shares from open market
KUALA LUMPUR: The Federal Land Development Authority (Felda) has bought 10 million more shares in FGV Holdings Bhd from the open market for RM13 million. In a filing with Bursa Malaysia today, FGV said the shares were purchased yesterday at RM1.30 per share. This raised the number of FGV shares acquired by Felda so far […]
Bursa Malaysia dips below 1,600 level, 940 counters in the red
KUALA LUMPUR: Bursa Malaysia failed to keep up with its gains made earlier and fell below 1,600 level, with 940 counters in the red at mid-morning trade amid selling pressure. At 11 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) shed 25.34 points to 1591.91. The index opened 1.41 points lower at 1,615.84 compared […]
A year of mixed fortunes for rubber glove industry
KUALA LUMPUR: Malaysia supplied 240 billion pieces of rubber gloves globally, meeting almost 70 per cent of 360 billion pieces of world demand in 2020, making it a “star” industry amidst the century’s worse pandemic that has infected over 65 million and claimed 1.5 million lives globally. Homegrown companies like Top Glove Corp Bhd, Hartalega […]
Defensive mode likely on Bursa Malaysia next week
KUALA LUMPUR: Defensive mode will likely dominate trading pattern on Bursa Malaysia next week, with the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) moving in a tight range of between 1,550 and 1,600. Market experts believed the local bourse would be influenced by weak corporate earnings reports, local economic data, concerns over the United States-China […]
Bursa Malaysia, Nasdaq take action to prevent trading system disruption recurrence
KUALA LUMPUR: Bursa Malaysia Securities Bhd and its partner, Nasdaq are taking appropriate action to prevent disruption to the trading system from recurring in the future. “We apologise to all our valued clients and stakeholders for the interruption in trading,” its chief executive officer, Datuk Muhamad Umar Swift said in a statement. The local stock […]
Top Glove reaches out to US CBP over detention order on disposable gloves
KUALA LUMPUR: Top Glove Corporation Bhd (Top Glove) said the US Customs and Border Protection (CBP) have placed a detention order effective yesterday on disposable gloves manufactured by two of its subsidiaries, Top Glove Sdn Bhd and TG Medical Sdn Bhd. It is reaching out to the CBP for a better understanding and speedy resolution […]
