Malaysia: Shares open higher

Malaysia share prices opened higher on Tuesday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index up 8.29 points to 1,830.12. Volume was 100.56 million lots worth RM74.1 million. Gainers outnumbered losers 215 to 7...

Read More

Stocks to watch: CCFH, Sino Construction, IPC, KepCorp, A-Reit

THE following stocks had announcements or developments that could affect trading activity on Tuesday. CCFH: The company intends to diversify into fund management, helicopter leasing, and solar plants in the Caribbean islands. The Catalist-listed group owns bedlinen brand Friven. Sino Construction: Its share price rose 20.7 per cent to 3.5 Singapore cents on Monday, after the company said it would raise S$6.5 million through the...

Read More

Malaysia: Shares open higher

Malaysia share prices opened higher on Monday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index up 2.38 points to 1,815.75. Volume was 108.7 million lots worth RM36.7 million. Gainers outnumbered losers 119 to 8...

Read More

KLCI news Highlights for Wednesday

Share prices on Bursa Malaysia opened firmer today riding on Tuesday’s uptrend momentum.  The benchmark FTSE Bursa Malaysia KLCI stood at 1,820.7, up 6.66 points after opening 1.61 points lower at 1,812.43. The slump in crude oil prices and the weaker global economy are expected to weigh down on Malaysia’s export growth. Fajarbaru Builder Group Bhd has got a RM109 million Kelana Jaya line extension project job from Prasarana Malaysia Bhd.  Which is expected to affect the Group’s earnings and net assets in a positive manner. The ...

Read More

ECONOMIC FACTORS for KLCI today(Tuesday)

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)...

Read More

KLSE Stock Highlights Tuesday

Malaysia share prices opened higher on Tuesday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index up 2.90points to 1,798.75. The ringgit extended yesterday’s rally against the US dollar on continued buying interest. Malayan Banking Bhd (Maybank) was ranked one of the "Top ...

Read More

Ringgit rises most in a month on bet Fed to hold rates past June

KLSE stock picks [KUALA LUMPUR] 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 as of 9:46 am in Kuala Lumpur, data compiled by Bloomberg show. The Bloomberg Dollar Spot Index was little changed after ...

Read More

Hot Stock Noble surges as it readies to sue following third Iceberg report

SHARES of Noble Group rose 3.4 per cent on heavy trading on Monday, after the company said it will start legal proceedings following the third Iceberg report. The counter gained three Singapore cents to S$0.905. It was the most actively traded stock in early morning trade, with nearly 16 million shares changing hands. Noble said it will start legal proceedings against Hong Kong resident Arnaud Vagner, Enlighten Ace Ltd, a...

Read More

Malaysia: Shares open lower on Monday

MALAYSIA share prices opened lower on Monday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index down 5.09points to 1,798.56 Volume was about 142 million lots worth RM64 million. Gainers outnumbered losers 156 to 100...

Read More

Market Forecast for week ahead-

P { margin-bottom: 0.21cm; } The trend of market is expected to be bullish for this week . Currently we have seen unusual volatility in markets due to Federal Reserve meeting. We may see bullish really in next week trading session because it has taken rebound from 3374 and we may expect that it will reach up to 3456. ...

Read More

Stocks to watch: Noble Group, Cambridge Industrial Trust, S-Reits

NOBLE Group on Monday said it will start legal proceedings against Hong Kong resident Arnaud Vagner, Enlighten Ace Ltd, a Seychelles company, and any associates, at the Hong Kong High Court "for conspiracy to injure Noble Group". THE manager of Cambridge Industrial Trust (CIT) said on Monday that RBC Investor Services Trust Singapore Limited, in its capacity as trustee of CIT, has agreed to buy the remaining 40 per cent it does not own of Cambridge SPV1 LLP for S$11 million. The stake in Cambridge SPV1 LLP - which holds an industrial...

Read More

Singapore's STI up 4.21 points at opening, tracing gains in US, Europe

SINGAPORE Stock Picks[SGX]- Singapore share prices opened higher on Monday with the Straits Times Index (STI) up 4.21 points to 3,416.65 as at 9.08 am, following gains in US and European markets on Friday. Top gainers in early morning trade included UOB, DBS and Singapore Exchange. Shares of Noble Group rose on heavy trading after the company said it will start legal proceedings following the third Iceberg report. Some 86.7 million...

Read More

ECONOMIC FACTORS Of KLCI March week 3rd

Technical indicators: RSI for this week is 50.537 with CCI at 29.138. Besides, difference line of MACD -5.540 and crossed its signal line 11.385.   ECONOMIC FACTORS: The ringgit is  expected to to depreciate further to 3.95 against the dollar by September, before ending the year at RM3.82, boosting exports and  trade surplus. Fitch Ratings' likely downgrade of Malaysia's rating does not reflect the country's true economic fundamentals, says Minister in the Prime Minister's Department. Foreign investors remain...

Read More

Weekly wrap of KLCI March 3rd week

The week started with gap down opening. The FBM KLCI index lost 5.48 points or 0.30% on Friday. The Finance Index fell 0.40% to 15968.45 points, the Properties Index up 0.00% to 1303.7 points and the Plantation Index down 0.11% to 7802.05 points. The market traded within a range of 8.16 points between an intra-day high of 1806.90 and a low of 1798.74 during the session.   P { margin-bottom: 0.21cm; } The KLCI...

Read More

Malaysia News Highlights for Thrusday

Malaysia News Malaysia share prices opened higher on Thursday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index up 6.21 points to 1798.22. Compugates Holdings Bhd (CHB) is proposing a renounceable rights issue of up to 304.9 million redeemable preferance shares (RPS) together with up to 304.9 million free detachable warrants to raise up to RM30.49 million. Kian...

Read More

Malaysian Shares open higher on Wednesday

Malaysia stock news[KLSE]- MALAYSIA share prices opened higher on Wednesday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index up 2.17 points to 1790.04. Volume was 150 million lots worth RM44 million. Losers outnumbered gainers 104 to 102...

Read More

Hot stock SIA shares soar in early-morning trade

Singapore Stock tips[SGX]- SHARES of Singapore Airlines (SIA) soared in early-morning trading on Wednesday to S$12.04, up 24 Singapore cents or 2.03 per cent, as at 10.23am, making it one of the top gainers on Singapore Exchange. The movements come after SIA confirmed on Tuesday that it is in talks to potentially acquire a stake in South Korea's budget carrier Jeju Air, which would give it a foothold in the buoyant North Asian market. It had said that the discussions may not result in a transaction and that the airline would...

Read More

SGX issues 'trade with caution' warning on Civmec

SINGAPORE Exchange (SGX) on Wednesday morning issued a "trade with caution" regarding Civmec Limited, an investment holding company that provides heavy engineering and construction services to resources and infrastructure sectors in Australia. The caution comes after SGX issued a query on Tuesday regarding Civmec's substantial decrease in share price by 20.7 per cent between March 13 and 17. Civmec had responded on the same day...

Read More

Malaysia News Highlights for Tuesday-

Malaysia KLSE Stock Picks- Malaysia share prices opened higher on Tuesday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index up 4.50 points to 1785.02. The ringgit opened slightly higher against the US dollar this morning, on renewed buying interest. Foreign selldown of Malaysia-listed equities intensified to RM1.16 billion last week, exceeding RM1 billion for the second time this year, but heavy foreign selling is...

Read More

Stocks to watch: Vard, Singapore Press Holdings

SHIPBUILDER Vard Holdings said on Saturday two affiliates of a customer, E.R. Offshore, have filed for insolvency at a local court in Germany.Consequently, it has terminated two shipbuilding contracts for one platform supply vessel per affiliate, the company said. Singapore Press Holdings (SPH) has invested S$2 million in a data analysis firm for a 20 per cent stake. DC Frontiers owns and operates the Handshakes app, which applies social...

Read More

Malaysian Shares open lower on Monday

MALAYSIA share prices opened lower on Monday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index down 5.29 points to 1776.46. Volume was 130 million lots worth RM35 million. Losers outnumbered gainers 103 to 97. ...

Read More

Malaysia News Highlights for Friday

Malaysia share prices opened lower on Friday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index down 2.25 points to 1784.98. CIMB Group Bhd yesterday announced several key leadership appointments, including the appointment of Tigor M. Siahaan as president director of CIMB Niaga. Lee Swee Kiat Group Bhd has received an unusual market activity (UMA) query from Bursa Malaysia after its share price jumped 9.52% yesterday. Yinson Holdings...

Read More

Singapore: Wall St's Tues blowout weighs on local stocks

Singapore[SGX}TRADERS who bet that the Straits Times Index's Tuesday weakness foretold a plunge ahead on Wall Street would have got it right as the US market closed weaker during its Tuesday session. However, even though those traders would have got the direction right, few would have anticipated the size of Wall Street's plunge - the Dow Jones Industrial Average lost 1.9 per cent and the S&P 500 1.7 per cent. A sudden upward...

Read More

Malaysia central bank sees slower growth in 2015, sliding oil prices a risk

KUALA LUMPUR[KLSE] Malaysia's economy is expected to expand 4.5 to 5.5 per cent this year as strong domestic demand and resilient exports will anchor growth, although the risks of declining oil prices affecting its outlook linger, the central bank said on Wednesday. Southeast Asia's second-largest oil and natural gas producer has seen slumping global energy prices hit revenue, putting pressure on the country's fiscal position and knocking the ringgit to a six-year low. Problems stemming from a heavily-indebted investment fund,...

Read More

Singapore-listed Noble chairman boosts stake as stock falls

SINGAPORE[SGX} The chairman of Singapore-listed Noble Group, Richard Elman, has boosted his stake in the firm, according to a filing on Wednesday, after the shares dropped to more than a one-year low. Noble shares have been under pressure since mid-February after a little known firm Iceberg Research raised questions about the company's accounting practises, claims denied by Noble. Mr Elman increased his stake to 20.956 per cent...

Read More

Malaysia Shares open higher on Thursday

MALAYSIA[KLSE] share prices opened higher on Thursday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index up 3.31 points to 1781.47. Volume was 82.25 million lots worth RM23.41 million. Gainers outnumbered losers 117 to 53...

Read More

Singdollar bond market surges, S$1.1b raised in March so far

[SGX] THE Singapore dollar bond market is perking up, with funds raised so far this month more than three times the amount in the same period last year, as issuers dangle higher yields. Including Wednesday's CWT Ltd issue, there have been eight issues, with over S$1.1 billion. ...

Read More