KUALA LUMPUR: Although share prices were broadly lower, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) slowly picked up at mid-morning, in tandem with the mixed Asian equity markets, a dealer said.
KUALA LUMPUR: Kenanga Research has maintained its'market perform' rating for Boustead Holdings and expects the company's prospects to be mixed.
SINGAPORE: Oil prices struggled in Asian trade Friday after the OPEC cartel decided against cutting production despite a global glut that has sent prices collapsing to multi-year lows.
KUALA LUMPUR: The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) opened lower this morning as market participants changed their game play to selling, dealers said.
KUALA LUMPUR: The ringgit opened lower against the USdollar this morning as demand shifted to the greenback, a dealer said.
VIENNA: Organisation of the Petroleum Exporting Countries (Opec) on Thursday decided against cutting the amount of oil it produces despite a glut in global supplies, triggering a fresh collapse in crude prices.
SIMPLER PROCESS NEEDED: Developers have to submit many applications just to get projects started
LONDON: Brent crude oil fell more than US$3 to a fresh four-year low under US$75 a barrel yesterday after Opec decided not to cut production, despite a huge oversupply in world markets.
KUALA LUMPUR: The Kuala Lumpur Tin Market (KLTM) closed US$180 higher at US$20,180 a tonne on low offerings by miners, said a dealer.
KAJANG: Construction and property firm Protasco Bhd’s shareholders have voted to remove Tey Por Yee and Ooi Kock Aun from its board with immediate effect.
KUALA LUMPUR: The three-month Kuala Lumpur Interbank Offered Rate (Klibor) futures contract ended untraded yesterday.
MORE Malaysian developers are venturing overseas, such as in Britain, Canada and Australia, as they can land a project faster with all the approvals in place and make more money because of foreign exchange gain.
KUALA LUMPUR: Gold futures contracts on Bursa Malaysia Derivatives ended lower yesterday on lack of catalysts, said Philip Futures Sdn Bhd dealer Ahmad Danial Zainudin.
KUALA LUMPUR: The ringgit ended higher against the US dollar yesterday, following lacklustre US economic data which pushed down Treasury yields and weakened the greenback, a dealer said.
KUALA LUMPUR: The Malaysian Rubber market closed lower yesterday due to the downtrend in regional futures markets.
KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed lower yesterday amid profit-taking following two days of gains, a dealer said.
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