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Bursa Opens Lower, Profit-taking Ahead Of Fed Rate Cut Decision

KUALA LUMPUR, July 30 (Bernama) -- Bursa Malaysia opened lower on Wednesday, tracking losses from overnight Wall Street performance as profit-taking emerged ahead of the United States (US) Federal Reserve (Fed) interest rate cut decision later today.

Late Selling Drags Bursa Malaysia To End At Intraday Low Ahead Of 13MP, FOMC Announcements

By Danni Haizal Danial Donald

KUALA LUMPUR, July 29 (Bernama) -- Bursa Malaysia ended at its intraday low today, pressured by late selling as investors positioned themselves ahead of the 13th Malaysia Plan (13MP) announcement on Thursday.

FBM KLCI Ends Morning Session Flat

KUALA LUMPUR, July 29 (Bernama) -- Bursa Malaysia’s key index ended the morning trading session flat amid continued selling in selected heavyweights led by plantation and financial services counters, as well as losses in regional markets.

Kenanga, CIMB Maintain ‘Buy’ On Yinson After US$600 Mln Vietnam Contract

KUALA LUMPUR, July 29 (Bernama) -- Kenanga Investment Bank Bhd and CIMB Securities Sdn Bhd have reiterated their “Buy” calls on Yinson Holdings Bhd after it secured a contract worth around US$600 million to provide and charter a floating storage and offloading (FSO) vessel in Vietnam. (US$1=RM4.21).

Bursa Opens Firmer On Regional Calm, Selective Buying

KUALA LUMPUR, July 29 (Bernama) -- Bursa Malaysia opened slightly higher on Tuesday, supported by mild bargain hunting as the Thailand-Cambodia truce helped ease regional political concerns.

Bursa Pares Gains To Close Lower On Cautious Sentiment Ahead Of US Tariff Deadline

By Danni Haizal Danial Donald

KUALA LUMPUR, July 28 (Bernama) -- Bursa Malaysia pared earlier gains to close lower on Monday, as investors adopted a more cautious posture ahead of the US tariff negotiation deadline on Aug 1.

Bursa Malaysia Ends Morning Session Marginally Higher

KUALA LUMPUR, July 28 (Bernama) -- Bursa Malaysia ended the morning trading session marginally higher, rising by 0.29 per cent, driven by buying interest in selected heavyweight stocks, particularly in the financial services and industrial products and services sectors.

TNB Shares Slip At Mid-morning After RM840.1 Mln IRB Tax Notice

KUALA LUMPUR, July 28 (Bernama) -- Tenaga Nasional Bhd’s (TNB) shares slip at mid-morning trading after receiving a notice seeking an additional RM840.1 million in assessment for 2022 from the Inland Revenue Board (IRB).

CIMB: National Semiconductor Strategy Gains Investor And Regional Backing

KUALA LUMPUR, July 28 (Bernama) -- CIMB Securities Sdn Bhd expects Malaysia’s National Semiconductor Strategy (NSS) to continue gaining traction among investors, institutions, and regional stakeholders.

Wall Street Rally Lifts Bursa At Open

KUALA LUMPUR, July 28 (Bernama) -- Bursa Malaysia rebounded from last week’s losses to open higher on Monday, tracking overnight gains on Wall Street.

Bursa Malaysia Ends Lower As Investors Await US Tariff Outcome, Policy Clarity

By Harizah Hanim Mohamed

KUALA LUMPUR, July 25 (Bernama) -- Bursa Malaysia closed in the red on Friday after two consecutive sessions of gains as investors pocketed some profit while adopting a wait-and-see stance amid ongoing negotiations between Malaysia and the United States to secure a 20 per cent tariff rate.

Tenaga Nasional, Public Bank, Petronas Chemicals Drag FBM KLCI Lower At Mid-Afternoon

KUALA LUMPUR, July 25 (Bernama) -- Bursa Malaysia stayed in the red at mid-afternoon, dragged down by selling in selected counters, led by Tenaga Nasional, Public Bank and Petronas Chemicals.