ECONOMIC FACTORS for KLCI today(Tuesday)

Posted by Trading Advisor on 3:38 PM with 1 comment
  • Malaysia's ringgit rose the most in a month on growing speculation the Federal Reserve will delay raising interest rates until the second half, supporting demand for the nation's stocks and bonds.The ringgit gained 0.7 per cent, the biggest advance since Feb 25, to 3.7060 a dollar
  • Bank Negara Malaysia said it will review the global economic conditions but stressed that the country's interest rates remain
  • The Consumer Price Index grew by only an annualised 0.1 per cent in February from 1.0 per cent in January.
  • Parkson Holdings Bhd (PHB) was moved to issue a statement to shore up investors confidence in the group after its share price accommodative and supportive of the economy continued its downtrend to close at RM1.99 last Friday, from heaving selling pressure which started more than a week ago.
  • The majority shareholders of Qualitas Healthcare Corp Bhd have postponed the initial public offering (IPO) of Qualitas that was slated for listing next month.
  •  The major shareholder of Hunza Properties Bhd has proposed to take the Penang-based property company private at RM2.50 a share.
  • Christoph Mueller will assume his role as Malaysian Airline System Bhd (MAS) managing director and CEO effective May 1 instead of July 1 as initially planned.
  • Allianz Malaysia Bhd, one of the largest listed insurance players in the country, sees 2015 as a very challenging year for the company and the industry per se as it grapples with the economic uncertainties further compounded by the fall in oil prices.
  • Halex Holdings Bhd's wholly-owned unit, Halex Realty Sdn Bhd, has entered into a conditional share acquisition agreement with
  • Bestempire Ltd to purchase the remaining 75 per cent equity interest in Kensington Development Sdn Bhd for RM21 million

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