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Malaysia’s trade data for January (to be released on Tuesday) as well as the inflation figures for the same month (to be unveiled on Friday) are expected to be in the spotlight this week.
Bursa Malaysia was lower at mid-morning on Tuesday led by selling activities in most heavyweights, tracking the easier regional peers’ performance.
At 11.01am, the FTSE Bursa Malaysia KLCI (FBM KLCI) declined 5.07 points to 1,449.59 from last Friday's (Dec 29) close of 1,454.66. The KLCI opened 2.46 points weaker at 1,452.2.
Bursa Malaysia wrapped up 2023 to close at its intraday low at 1,454,66 on Friday compared with the first-day opening this year at 1,488.54, weighed by persistent selling pressure throughout most part the year due to outflow of funds as a result of various rate hikes in the US, a dealer said.
KUALA LUMPUR: Bursa Malaysia has retracted to negative territory at midday despite opening marginally higher. At 12.30pm, FTSE Bursa Malaysia KLCI dropped 0.04 per cent or 0.63 points to 1,456.78 versus Thursday's close of 1,457.41. The benchmark index, which opened at 1,457.57, moved between 1,455.90 ...
Bursa Malaysia ended the morning trading session on Friday marginally lower, dragged down by selling in selected heavyweight counters amid weak market sentiment and mixed regional markets.
At 12.30pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) shaved 0.63 of a point, or 0.04% to 1,456.78 from Thursday's close of 1,457.41.
Bursa Malaysia opened marginally higher on the last trading day of 2023, supported by the ongoing window dressing activities and the expectation of an early interest rate cut in the US next year, a dealer said.
theedgemalaysia.com highlighted two stocks with positive momentum and eight stocks with negative momentum at Bursa Malaysia's afternoon close on Wednesday.
theedgemalaysia.com highlighted three stocks with positive momentum and three stocks with negative momentum at Bursa Malaysia's afternoon close on Monday.
PETALING JAYA: Green Ocean Corp Bhd is proposing to diversify its existing business to include the distribution and trading of food and beverage (F&B) as well as food services.
Green Ocean Corp Bhd’s wholly-owned subsidiary, Ace Edible Oil Industries Sdn Bhd, has entered into two sale and purchase agreements with Wilee Vegetable Oils Sdn Bhd for the sale of freehold land in Kapar, Selangor, and plant and machinery for a total RM23.4mil cash.
KUALA LUMPUR (April 26): Green Ocean Corp Bhd is disposing of a piece of land in Klang, together with a plant and machinery, for a total of RM23.4 million.The freehold land measuring 19,549 sq metres in Batu 4, Jalan Kapar is being ...