SO far, 2022 has been a bad year for most stock pickers. At a time when the world is still learning to live with Covid-19 and adapt to the new norms, many countries have seen the highest inflation rates in decades as a result of supply shortages and strong consumer demand. Russia’s invasion of Ukraine in February not only created Europe’s largest refugee crisis since World War II, but also caused food shortages around the globe. Ukraine is often described as being the “breadbasket of Europe” as it is among the world’s top agricultural producers and exporters.
KUALA LUMPUR (March 2): The FBM KLCI closed higher by 0.17% or 2.73 points as investors engaged in stock-picking amid sector rotational play, while the positive sentiment generated from Wall Street’s overnight surge has also spilt over to the local market.
At 5pm, the benchmark index closed at 1,569.87 points. Today, the index had only been trading in the positive territory throughout the trading session, ranging between 1,568.67 and 1,583.43.
Among the 30 FBM KLCI constituents, 18 stocks were higher, nine were lower while three traded flat. Gains were led by IHH Healthcare Bhd, which jumped 21 sen or 3.97% to RM5.50, followed by Dialog Group Bhd and MISC Bhd.
PETALING JAYA: The decline in Malaysia’s 2020 net foreign direct investment (FDI) to 0.7% of gross domestic product (GDP) is not unusual, although it .
KUALA LUMPUR (Dec 21): The FBM KLCI today marked its third straight day of decline, on the absence of fresh catalysts on the local bourse. It gave up 0.28% or 4.6 points to settle at 1,647.89 on market close.
Across Bursa Malaysia, 8.09 billion securities were traded for RM3.66 billion, compared to 8.06 billion securities worth RM4.4 billion last Friday. Market breadth was negative, with 848 counters ending the day in the red, versus 392 gainers and 437 that were unchanged.
Of the KLCI constituents, losers were led by Nestle (M) Bhd, which fell RM3.5 or 2.5% to close at RM137.4. This was followed by Axiata Group Bhd (down 13 sen or 3.4% to RM3.74), and Hong Leong Financial Group Bhd (down 42 sen or 2.3% to RM18.14).
Businessmen associated with Geng Jackie again refused bail freemalaysiatoday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freemalaysiatoday.com Daily Mail and Mail on Sunday newspapers.