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KUALA LUMPUR: The FBM KLCI finished below the support level of 1,400 on Friday, with banking and PETRONAS-linked counters being the main drag on the benchmark index.
RUSSIA’s invasion of Ukraine, aggressive interest rate hikes by major central banks, stubbornly high inflation and escalating costs were among the events that caused market turmoil in 2022. So much so that investors are shying away from the equity market ...
KUALA LUMPUR (March 17): The collapse of Silicon Valley Bank (SVB) in the United States and problems at Credit Suisse Group AG will not trigger a global financial crisis similar to that in 2008, said Rakuten Trade Sdn Bhd head of research ...
KUALA LUMPUR: The FBM KLCI ended lower on Thursday while the ringgit strengthened following Bank Negara’s decision to maintain the overnight policy rate (OPR) at 2.75%.
KUALA LUMPUR (March 7): Corporate earnings in the fourth quarter of 2022 (4Q2022) seemed to have failed to keep up with the recovery seen in 3Q2022 amid ongoing global headwinds such as high inflation rate, increase in operating costs and lower crude ...
KUALA LUMPUR (March 6): Banking-sector analysts said the latest quarterly earnings reporting for the October to December quarter (4Q2022) came in mostly within expectations.Hong Leong Investment Bank Research analyst Chan Jit Hoong said the banking sector had delivered commendable quarterly ...
KUALA LUMPUR (March 2): Bargain hunting for main index-linked stocks lifted the key index higher at midday on Thursday (March 2), with hospital operator IHH Healthcare Bhd leading the top gainers.At 12.30pm, the benchmark FBM KLCI had risen 3.15 points, or 0.22%, to 1,453.35, ...
KUALA LUMPUR: The FBM KLCI managed to clamber above the 1,450 psychological support after a weak start as investors hoped to end a six-day losing streak on Bursa Malaysia.