Bursa Malaysia Rebounds On Bargain Hunting After Two Days Of Losses

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, Nov 18 (Bernama) -- Bursa Malaysia rebounded from last week’s decline to close higher today, buoyed by bargain hunting after two consecutive days of sell-off, despite the weakness on Wall Street and most regional peers, an analyst said.

Bursa Malaysia Rises Above 1,600 Mark At Midday

KUALA LUMPUR, Nov 18 (Bernama) -- Bursa Malaysia stopped for the midday break in upbeat mode, rising above the 1,600-point level as investors bought selected heavyweight stocks in industrial products and services, utilities, telecommunications and media.

Malaysia's Economic Growth To Remain Modest Amid External Challenges - Analyst

KUALA LUMPUR, Nov 18 (Bernama) -- Malaysia’s economic growth will remain modest for the rest of 2024, citing weakening external demand and ongoing global policy uncertainties, said Hong Leong Investment Bank Bhd (HLIB).

Bursa Malaysia Opens Marginally Higher Despite Weaker Wall St

KUALA LUMPUR, Nov 18 (Bernama) -- Bursa Malaysia’s key index opened marginally higher today despite a weaker Wall Street showing last Friday, as analysts cautioned that the Trump-inspired rally may have run its course following the Republicans’ control of both the House and Senate.  

Ringgit Advances As Domestic Optimism Offsets US Rate Concerns

KUALA LUMPUR, Nov 18 (Bernama) -- The ringgit extended its gains on Monday, buoyed by optimism over Malaysia’s domestic outlook, which offset concerns about the direction of US interest rates.

BNM: Existing Mega Projects Will Continue To Support Malaysia's Economic Growth In 2025

KUALA LUMPUR, Nov 15 (Bernama) --  Despite the absence of mega project developments in Budget 2025, existing mega projects will continue to support Malaysia's economic growth next year, said Bank Negara Malaysia governor Datuk Seri Abdul Rasheed Ghaffour.

Bursa Malaysia Opens Higher On Renewed Buying Interest

KUALA LUMPUR, Nov 15 (Bernama) -- Bursa Malaysia’s key index opened higher today on renewed buying interest, bucking the weaker Wall Street overnight performance.

Gold Futures End Lower On Stronger US Dollar, Higher US Treasury Yields

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, Nov 14 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives ended lower today, weighed down by the US dollar’s stronger performance and higher United States (US) treasury yields, said an analyst.

MPOB: US Trade Policy Changes To Have Minimal Impact On Palm Oil Sector

BANGI, Nov 14 (Bernama) -- Projected changes in the United States' (US) trade policy are not expected to significantly impact the country's palm oil sector following Donald Trump's victory in the recent US presidential election, the Malaysian Palm Oil Board (MPOB) said today.

Ringgit, Emerging Market Currencies Slide Against Greenback At The Close

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, Nov 14 (Bernama) -- The ringgit, along with other emerging market currencies, continued to depreciate against the greenback on Thursday as uncertainties over Trump 2.0 policies and their impact on the US Federal Reserve’s (Fed) monetary policy looms large, an economist said.

Ringgit Continues To End Lower Vs US Dollar

By Anas Abu Hassan

KUALA LUMPUR, Nov 13 (Bernama) --  The ringgit slipped against the greenback for a third consecutive day following the rise in the US Dollar Index (DXY) ahead of the US inflation data release tonight, an economist said.

Bursa Malaysia Ends Higher On Renewed Interest In Selected Heavyweights

By Zufazlin Baharuddin

KUALA LUMPUR, Nov 13 (Bernama) -- Bursa Malaysia’s key index reversed early losses to end higher today on renewed interest in utilities as well as industrial product and services stocks amid the mixed performance by regional peers.