KUALA LUMPUR (June 3): Bursa Malaysia continued its upward momentum at the opening today, as market sentiment was aided by the steady crude palm oil (CPO) and benchmark Brent oil prices, on the back of OPEC+ decision to gradually restore supply, said an analyst.
At 9.03am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 1.36 points, or 0.09 per cent, to 1,599.30 from 1,597.94 at Wednesday s close.
The index opened 1.14 points higher at 1,599.08.
Market breadth was positive with gainers leading losers 262 to 82, while 232 counters were unchanged, 1,566 untraded and 12 others suspended.
Total volume stood at 295.43 million units worth RM117.72 million.
Malacca Securities Sdn Bhd said the CPO price surged more than 5.0 per cent, while the Brent oil price stayed firmer above US$70 per barrel, as a group consisting of some of the world’s most powerful oil producers on Thursday decided to gradually curb existing output cuts beginning next month, amid stronger demand in view o
PETALING JAYA: Tycoons on the 2021 Forbes Malaysia Rich List saw a rebound in their collective wealth as it rose 14% to nearly RM370 billion (US$90 bi.
KUALA LUMPUR, June 3 ― Bursa Malaysia continued its upward momentum at the opening today, as market sentiment was aided by the steady crude palm oil (CPO) and benchmark Brent oil prices, on the back of Opec+ decision to gradually restore supply, said an analyst. At 9.03am, the benchmark FTSE.
M’sian tycoons on Forbes see fortunes bounce back 03 Jun 2021 / 23:45 H. Top 5 richest in Malaysia: (from left) Robert Kuok, Tan Sri Quek Leng Chan, Tan Sri Koon Poh Keong, Tan Sri Ananda Krishnan and Tan Sri Teh Hong Piow.
PETALING JAYA: Following a two-year decline, tycoons on the 2021 Forbes Malaysia Rich List saw a 14% rebound to nearly US$90 billion (RM371.05 billion) on their collective wealth this year from US$79 billion registered in 2020.
This reversal of fortune is partly attributed to the country’s leading position in the medical glove manufacturing sector. With the pandemic year, global demand for such protective gear surged, Malaysian exports of rubber gloves doubled, boosting the wealth of the nation’s largest producers.
The country’s wealthiest people were well ahead of the economic recovery curve. After two years of decline, in 2019 and 2020, their combined wealth rose 14% to nearly $90 billion.