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KUALA LUMPUR: Rakuten Trade Sdn Bhd expects foreign funds to make a U-turn back to Asian markets going forward, particularly emerging markets including Malaysia due to low stock valuations, a cheap ringgit and heightened volatility in the United States and Europe. ....
KUALA LUMPUR: Sentiment on Bursa Malaysia is expected to improve gradually amid the improving liquidity provided by foreign fund inflows, Rakuten Trade Sdn Bhd said. ....
Sectors that the pandemic clobbered hardest such as tourism-related businesses like hotels, airlines and retailers were likely to have continued spilling red ink in 4Q20. KUALA LUMPUR (Feb 10): Corporate earnings are expected to improve in the October-to-December quarter (4Q20). Besides the glove makers, export-oriented companies, such as electrical and electronics manufacturers, and furniture makers as well as the plantation sector are likely to be the bright spots. MIDF Amanah Investment Bank Bhd research head Imran Yassin Yusof is expecting the growth to be circa 20% year-on-year (y-o-y), driven by the stellar performance of glove makers, citing that the sector saw earnings skyrocket following the increase in demand due to the Covid-19 pandemic. ....
KUALA LUMPUR (Feb 8): The FBM KLCI ended down 5.3 points or 0.34% at 1,573.33 today on afternoon selling in an apparent response to Malaysia’s latest industrial output index (IPI) data, which saw the full-year 2020 reading declining 4.2% from a year earlier to register the first drop since 2009. Bursa Malaysia’s Health Care index fell the most in percentage terms among exchange gauges while the Energy index was the top gainer as crude oil prices topped US$60 a barrel. At 5pm today, the KLCI closed lower after rising to its intraday high at 1,586.06 in the morning. Apart from selling in shares of KLCI-linked rubber glove manufacturers Top Glove Corp Bhd, Hartalega Holdings Bhd and Supermax Corp Bhd, investors were also seen selling shares in other KLCI constituents including Tenaga Nasional Bhd (TNB) and Hong Leong Financial Group Bhd (HLFG). ....