EUR/USD to Face Larger Rebound on Dismal 4Q U.S. GDP

Companies: EUR/USD SymbolPriceChange EURUSD=X1.1351+0.0027 - U.S. Economy to Expand for Third Straight Quarter in 2014. - Personal Consumption to Grow 4.0%- Would Mark Biggest Advance Since 4Q 2010. Trading the News: U.S. Gross Domestic Product (GDP) The advance U.S. 4Q Gross Domestic Product (GDP) report may generate a larger rebound in EUR/USD should the fresh batch of data highlight a slowing recovery in the world’s...

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Ringgit closes weaker against US dollar

KUALA LUMPUR: The ringgit closed weaker against the US dollar today as investors remained cautious over the outcome of Bank Negara Malaysia (BNM) policy meeting today, dealers said. At 5pm, the ringgit was quoted at 3.6170/6200 versus the US dollar from 3.5960/5990 yesterday. A dealer said the local unit fell to reflect the perceived risks of a surprised interest rate cut eventhough such move was seen as unlikely. "BNM is expected to keep overnight policy rate unchanged at 3.25 per cent, as the country's economy remains at risk...

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News Highlights-

The ringgit opened easier against the US dollar Wednesday on profit-taking after yesterday's gains. Share prices on Bursa Malaysia were lower in early trade today, tracking overnight losses on Wall Street, FBM KLCI stood at 1,796.88, down 6.29 points, after opening 8.41 points lower at 1,794.76. According to a survey done by HSBC, Up to 88% of Malaysians are concerned that they will not have enough money after retiring.  it showed that the respondents here was the highest in Asia. Paying off debts is stopping them from preparing...

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FTSE Bursa Malaysia update

KUALA LUMPUR: At 10.30 a.m. today, there were 184 gainers, 302 losers and 287 counters traded unchanged on the Bursa Malaysia. The FBM-KLCI was at 1,800.07 down 3.10 points, the FBMACE was at 6,451.36 up 30.72 points, and the FBMEmas was at 12,382.29 down 16.15 points. Turnover was at 599.463 million shares valued at RM373.338 million.   Oil drops more than 1pc on firm dollar, US stock build SINGAPORE: Oil fell more than 1 percent on Wednesday as the dollar strengthened in early Asian trade, while an industry report...

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Highlights-

Malaysia share prices opened lower on Tuesday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index down 6.81 points to 1789.96. The ringgit opened higher against the US dollar today on short covering activities and against other major currencies, the ringgit was traded mixed. Continuous uncertainty in Europe shifted investors interest to the Asian region and this is expected to benefit countries which has sound economy and stable politics such as Malaysia. Bursa Malaysia Bhd will make various amendments to its Main...

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JCorp interested to acquire all NFC farms: Ismail Sabri

SERDANG: Johor Corporation (JCorp) is interested to acquire all National Feedlot Centre's (NFC) satellite farms, including the one in Gemas, said Agriculture and Agro-based Industry, Datuk Seri Ismail Sabri Yaakob. "JCorp has submitted its application to me and it will submit a detailed technical report to the Veterinary Department," he said. Ismail Sabri said this at a media briefing after presenting a special address to the ministry's staff here today. He said the matter was still at the discussion stage and it still needed...

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KL shares end lower, KLCI down 6.64 pts

KUALA LUMPUR: Share prices on Bursa Malaysia fell today, weighed down by profit-taking in heavyweights after recent rally, dealers said. At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,796.44, down 6.64 points, after opening 2.59 points lower at 1,800.49. The benchmark index moved between 1,792.65 and 1,801.06 throughout the day. Dealers said persistent selling pressures dragged the FBM KLCI down but buying interest in certain blue-chips and low-liners prevented further losses. "The market edged lower in line...

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Kwasa Land lists 21 developers for next request R2-1 proposal

KUALA LUMPUR: Kwasa Land Sdn Bhd,the master developer of the iconic Kwasa Damansara township in Sungei Buloh, has named 21 Tier-2 developers who had been successfully prequalified for its next Request for Proposal (RFP) R2-1. The companies are Amcorp Properties Bhd, Encorp Bhd, Glomac Bhd, Ivory Properties Group Bhd, Johor Land Bhd, KSK Group Bhd, KSL Holdings Bhd, Malton Bhd, MKH Bhd, Nadayu Properties Bhd, Naim Land Sdn Bhd, Naza TTDI Sdn Bhd, OSK Property Holdings Bhd, Paramount Corporation Bhd, Perdana Parkcity Sdn Bhd, Plenitude...

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Revised Budget not required to be tabled again: MoF

KUALA LUMPUR: The revised 2015 Budget is not required to be tabled again as a number of proactive measures announced recently did not involve any additional or supplementary expenditure, said the Finance Ministry. The ministry said the measures were made known at the Special Address by Prime Minister Datuk Seri Najib Tun Razak on Tuesday and did not exceed the ceiling approved by Parliament. "As a responsible government, the ministry will continue to closely monitor external developments and the impact on the domestic economy. "The...

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UMWG targets sales growth up to RM100mil for new Grantt lubricants

SHAH ALAM: UMW Grantt International Sdn Bhd (UMWG) is targeting sales growth of up to RM100 million over the next five years for the newly-improved range of GRANTT lubricants. UMW Engineering and Manufacturing Executive Director, Megat Shahrul Azmir, said the target was expected to be achieved through several phases of penetrating the South-Eeast Asia and Asia-Pacific markets. "We are targeting Indonesia, Myanmar, Laos and Cambodia...

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Highlights-

The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) opened higher Friday, extending yesterday’s gains, as the European Central Bank (ECB) revealed its stimulus expansion plan which included buying 1.1 trillion euros worth of bonds, the key index stood at 1,798.78, up 17.03 points, after opening 10.72 points better at 1,792.47. Overnight rally in the oil price has led to a stronger ringgit versus the US dollar today. It was quoted at 3.6000/6030 against the greenback compared with 3.6140/6170 yesterday. The FTSE Bursa Malaysia KLCI futures (FKLI)...

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KL shares extend gains at opening

KUALA LUMPUR: The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) opened higher Friday, extending yesterday's gains, as the European Central Bank (ECB) revealed its stimulus expansion plan which included buying 1.1 trillion euros worth of bonds, dealers said. At 9.03 am, the key index stood at 1,798.78, up 17.03 points, after opening 10.72 points better at 1,792.47. Market breadth was positive with gainers outpacing decliners 236 to 46 while 123 counters were unchanged, 1,329 untraded and seven others suspended. Turnover stood...

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Highlights

Share prices were traded marginally lower on lacklustre buying sentiment for blue chips and select heavyweights, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was down 0.16 of a point to 1,769.93 after opening 2.35 points lower at 1,767.74. The ringgit opened higher against the US dollar today on short covering. The FTSE Bursa Malaysia KLCI futures (FKLI) contract on Bursa Malaysia Derivatives opened lower Thursday with one contract month traded. Gold futures contract on Bursa Malaysia Derivatives opened mostly lower Thursday with five contract...

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Bursa Malaysia ends on a firm note

KUALA LUMPUR: Bursa Malaysia closed higher today, supported by gains in small-capitalised counters as well as plantation and industrial-related shares, a dealer said. As at 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,770.09, up 19.98 points after moving between 1,751.46 and 1,770.09 throughout the day. PPB Group, Petronas Chemicals and Sime Darby were the top contributors to the composite index, adding RM1.20, 17 sen and 21 sen, to RM15.20, RM5.11 and RM9.50 respectively. The three, accumulatively contributed...

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Highlights

The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) opened higher Wednesday morning on renewed buying support, the key index stood at 1,752.03, up 1.92 points, after opening 2.79 points better at 1,752.9. The ringgit extended its losses against the US dollar on selling pressure amid concerns over the country's economic growth. Gold futures contract on Bursa Malaysia Derivatives opened marginally higher Wednesday with three contract months traded. The FTSE Bursa Malaysia KLCI futures (FKLI) contract on Bursa Malaysia Derivatives opened higher...

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Foreign outflow from M'sian equity market highest in 17 months

PETALING JAYA: Malaysia saw the largest weekly outflow from its equity market last week since August 2013, as selling by foreign investors intensified amid uncertainties arising from the current weak oil prices and the prospects of higher US interest rates in the coming months.Foreign money outflow from the Malaysian equity market totalled RM1.42bil for the week ended Jan 16, which was more than double from the RM535.2mil registered in the preceding week, according to the latest fund flow report by MIDF Equity Research. The brokerage...

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Oil and gas stocks top gainers

KUALA LUMPUR: Buying interest in oil and gas (O&G) stocks perked up in Monday’s mid-morning trade as investors tried to take a longer view of the oil industry despite the 50% fall in crude oil prices since June 2014. At 10.30am, the FBM KLCI was up 4.5 points or 0.26% to 1,748.07. Turnover was 530.21 million shares valued at RM295.65mil. There were 358 gainers, 166 losers and 245 counters unchanged. Reuters reported benchmark Brent crude futures were trading at US$49.83 per barrel at 0125 GMT, down 34 cents since their last settlement....

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Net foreign selling of Malaysian equities at RM1b in 4 da

KUALA LUMPUR: Foreign funds continued to sell down their stakes in Malaysian equities in the four days ended Jan 15, pushing the total net selling to rise to RM1.045bil, according to BIMB Securities Research. It said on Friday net foreign outflow was RM336.7mil Thursday but it “expects the FBM KLCI to remain firm and expect foreign funds outflow to trickle down following the heightened volatility in Eurozone”. BIMB Research said foreign funds continued to ignore Malaysia equities despite the 2.99 points gained on Thursday to close...

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Market Summary

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KLSE Latest Quarter Report All the KLSE latest quarter report announcement or Bursa Malaysia stock latest quarter report announcement will be posted within a while. Each of the KLSE stocks or Bursa Malaysia stocks may announce their quarter report in different date and time. All the latest KLSE quarter report announcements will be posted in this section immediately once the Bursa Malaysia stock...

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