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Bursa Malaysia Closes Higher On Strong Buying Of Blue Chips

KUALA LUMPUR, Feb 9 -- Bursa Malaysia ended higher on Monday, supported by continued interest in blue-chip counters,  in line with the upbeat performance across regional markets, said an analyst. 

Sabah Acquires Strategic 20 Percent Stake In North Sabah EOR PSC

KOTA KINABALU, Feb 9 (Bernama) -- The Sabah government, through its wholly-owned entity SMJ Energy Sdn Bhd (SMJE), has solidified its position in the upstream oil and gas sector by acquiring a strategic 20 per cent participating interest in the North Sabah Enhanced Oil Recovery Production Sharing Contract (EOR PSC).

Rubber Market Ends Lower Amid Mixed Regional Futures

KUALA LUMPUR, Feb 9 (Bernama) -- The Kuala Lumpur rubber market ended lower on Monday, weighed down by mixed trends in regional rubber futures, a dealer said.

Bursa Malaysia Edges Higher, Tracking Regional Gains

KUALA LUMPUR, Feb 9 (Bernama) -- Bursa Malaysia remained in positive territory at midday, mirroring the upbeat performance of regional peers and supported by positive sentiment following Wall Street's strong overnight gains.

Kenanga IB Foresees FBM KLCI To Hit 1,840 Mark This Year

KUALA LUMPUR, Feb 9 (Bernama) -- Kenanga Investment Bank Bhd (Kenanga IB) foresees the FTSE Bursa Malaysia KLCI (FBM KLCI) could touch the 1,840 mark this year. 

Bursa Malaysia Opens Higher, Tracking Wall Street And Asian Gains

By Karina Imran

KUALA LUMPUR, Feb 9 (Bernama) -- Bursa Malaysia opened higher on Monday, following gains on Wall Street and across major Asian markets, as indices rebounded sharply after last week’s sell-off, an analyst said.

Ringgit Opens Little Changed Against US Dollar On Mixed Global Sentiment

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, Feb 9 (Bernama) -- The ringgit opened nearly unchanged against the US dollar on Monday, as mixed global sentiment capped gains while investors assessed political developments and major currency moves.

Ringgit To Trade In Tight Range Between RM3.95 And RM3.96 Next Week

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, Feb 7 (Bernama) -- The ringgit is expected to trade in a tight range, hovering around RM3.95 to RM3.96 next week as the market anticipates more catalysts, including the upcoming US economic data.

Gold Futures Likely To Trade Between US$4,800 And US$4,900 Next Week

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, Feb 7 (Bernama) -- Gold futures on Bursa Malaysia Derivatives are expected to trade at US$4,800-US$4,900 an ounce next week, an economist said.

ART Signals Strong US Investor Confidence In Malaysia - Ambassador

GEORGE TOWN, Feb 6 (Bernama) -- The Agreement on Reciprocal Trade (ART) between Malaysia and the United States sends a strong signal of long-term economic confidence and is expected to further encourage American investments, particularly in Penang’s semiconductor and manufacturing sectors.

Gold Futures End Lower Despite US COMEX Gains

KUALA LUMPUR, Feb 6 (Bernama) -- Gold futures on Bursa Malaysia Derivatives closed lower on Friday despite gains in the US COMEX gold market.

Ringgit Ends Flat Against US Dollar

KUALA LUMPUR, Feb 6 (Bernama) -- The ringgit traded flat against the US dollar at Friday’s close, pressured by profit-taking as traders locked in gains accumulated earlier.