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Bank Islam's chief says it has turned the corner

Bank Islam's chief says it has turned the corner
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Bursa tracks rebound in global markets as US banks extend lifeline to First Republic

KUALA LUMPUR: Bursa Malaysia tracked the relief rally in overnight markets as ailing First Republic Bank received an infusion from Wall Street's largest lenders, helping to avert further fallout in the US financial sector. ....

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Recovery Stocks: Mixed returns for beneficiaries of 'reopening' play

THE recovery theme was well in play even before Malaysia began its transition to the endemic phase of Covid-19 on April 1 because markets traditionally move ahead of the economy and financial results by at least six months. Some stocks began to rally in the early part of the year as investors anticipated that they would benefit from the reopening of borders. While some companies have continued to gain after the reopening of all economic sectors, profit-taking has had an effect on some stocks despite turning in a better financial performance year on year. ....

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FBM KLCI poised to breach 1,600 points

Stocks may stage rebound within next six months ....

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Foreign buying triggers bounce

Foreign buying triggers bounce
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