Malaysia share prices opened lower on Thursday

Malaysia share prices opened lower on Thursday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index down 2.56 points to 1840.37. The ringgit opened higher against the US dollar following a recovery in oil prices coupled with disappointing US economic data, a dealer said. Federal Open Market Committee on Wednesday offered no changes to its zero interest rate policy. Not only did it not hike rates, it also removed all hints for what...

Read More

Singapore share prices opened lower on tuesday

Singapore share prices opened lower with the Straits Times Index (STI) down 5.16 points or 0.15 per cent to 3,510.69, following Monday's decline on Wall Street. TheStraits Timex Index kicked off the week with a 2.85-point gain at 3,515.85 on Monday,mainly due to strong gains in Singtel and UOB. HEALTHCARE group Q&M Dental is planning to acquire TP Dental Surgeons for S$28.6 million. CORDLIFE...

Read More

Malaysia share prices opened lower on Tuesday

Malaysia share prices opened lower on Tuesday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index down 1.2 points to 1858.38. The ringgit opened higher against the US dollar, following weaker US economic data Foreign investors bought RM163.3 million worth of equities listed in the open market on Bursa Malaysia on a net basis last week, but it was the lowest in the six weeks Tenaga Nasional Bhd's (TNB) net profit for the second quarter...

Read More

Malaysia share price opened higher on Monday

Malaysia share prices opened higher on Monday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index up 1.3 points to 1863.93 The positive trend in Asian stock markets boosted sentiment on Bursa Malaysia with share prices opening higher this morning. The ringgit opened higher against the US dollar on strong buying support for the local unit. the local unit was quoted at 3.5675/5705 versus the greenback compared with 3.5790/5830 Bina...

Read More

Weekly forcast of KLCI April 5th week

Market Forecast for week ahead: Market is moving by taking correction on weekly basis it is forcasted to be on positive note next week. As Malaysian government expecting economy to grow between 4.5% and 5.5% this year on the back of strong economic fundamentals. And if Malaysia achieved its fiscal target for 2015, it would be a record of six consecutive years of fiscal deficits. Technical indicators: RSI for this week is 60.649 with CCI at 129.338. Besides, difference line of MACD 8.942 and crossed its signal line -1.022. ...

Read More

ECONOMIC FACTORS affected KLCI April 4th week

P { margin-bottom: 0.21cm; } Bank Negara governor Tan Sri Zeti Akhtar Aziz said any changes in Malaysia's monetary policy will be based on domestic consideration while stressing that the economy is still staying on a steady growth path. It is anticipated that the central bank may start to cut the overnight policy rate by 25 to 50 basis points. Interest rates hike by the United States Federal Reserve (Fed) must happen...

Read More

Stocks to watch: Japfa, Noble Group, Tat Hong

HERE are the stocks to watch for Monday morning trade:- Indonesian poultry producer Japfa has issued a profit warning, advising of a net loss for its first quarter ended March 31, 2015. The loss results from a continued weakness in the poultry market and in the purchasing power of low-income consumers as well as the translation loss from the company's US dollar loans as a result of a 5 per cent drop in the rupiah to US dollar exchange...

Read More

Malaysia shares open higher on Monday

Malaysia share prices opened higher on Monday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index up 0.85 points to 1,846.71 as at 9.05am. Volume was 134.4 million lots worth RM57 million. Losers outnumbered gainers 131 to 100...

Read More

Malaysia stock opened higher toaday

Malaysia share costs opened higher on Friday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index up 1.95 focuses to 1,849.89 amplifying yesterday's increases, prodded by light purchasing in little promoted stocks and chose blue-chips. The ringgit proceeded with yesterday's increases against the US dollar to open higher today incited by purchasing backing for the neighborhood unit in the midst of the debilitating greenback. Malakoff Corporation...

Read More

ECONOMIC FACTORS supporting wednesday

ECONOMIC FACTORS: The ringgit rebounded to open slightly higher against the US dollar today, supported by mild interest in the local unit. Crude prices rose on Tuesday on expectations U.S. shale oil output will record its first monthly decline in over four years, but analysts warned that the broader market remained oversupplied as China’s exports rose. Malaysia's economic growth is expected to slow down to 4.7% in 2015 before normalising to 5% in 2016, while the current account would remain in a small surplus, according to...

Read More

Market Review for KLCI Wednesday

The FBM KLCI index lost 2.47 points or 0.13% on Tuesday. Finance Index fell 0.46% to 16284.61 points, Properties Index up 0.10% to 1319.12 points and Plantation Index down 0.22% to 7750.35 points. Market traded within a range of 9.06 points between an intra-day high of 1846.31 and a low of 1837.25 during the session. The KLCI dropped 2.47 points to 1839.61 points amid overnight losses in U.S. market as investors remain cautious on...

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 1.08 points to 1,843.23. Volume was 51.19 million lots worth RM14.18 million. Gainers outnumbered losers 112 to 47...

Read More

Singtel to buy cyber security company Trustwave for US$810m

[SINGAPORE] Singapore Telecommunications Ltd will buy a 98 per cent stake in Trustwave Holdings Inc for US$810 million as Southeast Asia's biggest phone company seeks to expand in cyber security. The deal gives the company control of businesses in North America, Europe and the Asia Pacific region, Singtel said in a statement to the Singapore Exchange on Wednesday. Trustwave is expected to add to earnings from the third year, according to the filing. Singtel is seeking new expansion as growth in its home market of Singapore...

Read More

Stocks to watch: Singtel, Ezra

THE following stocks could see increased trading on Wednesday following material announcements before the beginning of trading. Telco Singtel announced its US$810 million purchase of cyber security firm Trustwave Holdings. Offshore play Ezra Holdings announced a 99 per cent fall in net profit to US$138,000 from US$19.6 million for its second quarter ended Feb 28, 2015. Revenue was stable but costs had gone up. Some US$4.6 million...

Read More

Malaysia: Shares open lower on Wednesday

Malaysia share prices opened lower on Wednesday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index down 4.02 points to 1,852.49. Volume was 29 million lots worth RM11 million. Gainers outnumbered losers 91 to 60...

Read More

SGX daily share trading down by modest 0.2% in March

Daily share trading activity on the Singapore Exchange (SGX) eased in March from year-ago levels, while derivatives trading continued to grow. The securities daily average value (SDAV) slipped by 0.2 per cent year-on-year to S$1.1 billion in March, according to data by SGX. The average traded volume of securities experienced a sharper fall, by 38.4 per cent, to 1.4 billion shares. Turnover velocity, a measurement that is closely...

Read More

Singapore bond bankers vie for deals as OCBC closes gap on DBS

[SINGAPORE] Oversea-Chinese Banking Corp is closing the gap on top-ranked Singapore dollar bond arranger DBS Group Holdings Ltd, trailing by the narrowest margin on record last quarter. OCBC helped issue S$1.56 billion of offerings at home in the three months to March 31, boosting its market share to 32.4 per cent, more than triple a year earlier, according to data compiled by Bloomberg. DBS worked on S$1.62 billion of deals...

Read More

Malaysia: Shares open higher on Tuesday

Malaysia share prices opened higher on Tuesday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index up 0.59 points to 1,843.53. Volume was 88 million lots worth RM28 million. Gainers outnumbered losers 126 to 44...

Read More

Asia: Shares mixed in quiet trade before US jobs

[HONG KONG] Asian markets were mixed on Friday in holiday-thinned trade as investors look ahead to the release of US jobs data later in the day, while Shanghai retreated on profit-taking after a recent rally. Wall Street provided a positive lead following another round of upbeat US indicators, although the dollar dipped against the yen. Tokyo edged up 0.37 per cent and Seoul gained 0.30 per cent. Shanghai slipped 0.85 per cent after surging to seven year highs over the past month on hopes for fresh monetary easing by China, while Kuala ...

Read More

Malaysia: Shares open lower on Friday

Malaysia share prices opened lower on Friday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index down 1.09 points to 1,830.88. Volume was 152.79 million lots worth RM32.60 million. Gainers outnumbered losers 105 to 82...

Read More