5m ago
KUALA LUMPUR, Aug 15 (Bernama) -- MBSB Investment Bank (MBSB IB) has maintained its “positive” recommendation on the insurance sector, citing attractive valuations and high dividend yields despite persistent healthcare inflation and delays in healthcare cost-control reforms.
5m ago
KUALA LUMPUR, Aug 14 (Bernama) -- Bursa Malaysia stayed in the negative territory at midday, in tandem with the weaker regional market performance, weighed down by selling pressure in selected heavyweights.
5m ago
By Siti Noor Afera Abu
KUALA LUMPUR, Aug 13 (Bernama) -- The ringgit extended its gains against the US dollar for the third straight day, as the greenback’s safe-haven status weakened following lower-than-expected US Consumer Price Index (CPI) data for July, which fuelled expectations of a September interest rate cut.
5m ago
By Durratul Ain Ahmad Fuad
KUALA LUMPUR, Aug 13 (Bernama) -- Bursa Malaysia extended its winning streak to seven consecutive sessions, with the FBM KLCI closing at a four-month high, driven by US July inflation data that came in slightly below expectations at 2.7 per cent, boosting hopes of a Federal Reserve (Fed) rate cut in September.
5m ago
By Rosemarie Khoo Mohd Sani
KUALA LUMPUR, Aug 13 (Bernama) -- The Malaysian rubber market closed lower today, influenced by the weaker United States (US) economic data reported yesterday, and the mixed trend in regional rubber futures markets, said a dealer.
5m ago
KUALA LUMPUR, Aug 13 (Bernama) -- Bursa Malaysia continued its upward momentum at midday in line with the positive regional market performance, as market sentiments improved after the United States’ (US) July inflation data came in slightly below expectations at 2.7 per cent, fuelling hopes for a September rate cut.
5m ago
By Durratul Ain Ahmad Fuad
KUALA LUMPUR, Aug 13 (Bernama) -- Bursa Malaysia opened higher today, mirroring Wall Street’s overnight rally after the latest US consumer price index figure came in slightly below expectations, thus paving the way for a possible Federal Reserve rate cut next month.
5m ago
KUALA LUMPUR, Aug 13 (Bernama) -- The ringgit extended its uptrend against the US dollar on Wednesday, supported by a 0.43 per cent drop in the US Dollar Index (DXY) to 98.097 after the headline US inflation rate came in lower than expected.
5m ago
By Rosemarie Khoo Mohd Sani
KUALA LUMPUR, Aug 12 (Bernama) -- The Malaysian rubber market ended higher on Tuesday, driven by the stable benchmark crude oil prices as sentiment was boosted by fresh optimism over the United States (US)-China tariff truce extension, said a dealer.
5m ago
By Durratul Ain Ahmad Fuad
KUALA LUMPUR, Aug 12 (Bernama) -- Bursa Malaysia opened higher today despite a weaker Wall Street overnight performance, ahead of the United States (US) inflation data later this week, as many expect this will dictate the Federal Reserve's stance on possible rate cuts.
5m ago
KUALA LUMPUR, Aug 11 (Bernama) -- Bursa Malaysia stayed higher at midday, surpassing the 1,560 level, in tandem with gains in the regional markets as sentiment turned positive.