Based on corporate announcements and news flow today, companies in focus on Friday (Sept 17) may include: MSM Malaysia Holdings Bhd, FGV Holdings Bhd, AirAsia X Bhd, Tri-Mode Systems (M) Bhd, Nestcon Bhd, Destini Bhd, Pasukhas Group Bhd, Cahya Mata Sarawak Bhd (CMSB), Key Alliance Group Bhd and Macpie Bhd.
KUALA LUMPUR (March 4): The FBM KLCI closed down 7.19 points or 0.45% today tracking the negative performance of Asian equities after an overnight surge in bond yields again dragged shares on Wall Street.
At 5pm, the benchmark index closed at 1,581.26 points. Today, the index had mostly traded in negative territory, ranging between 1,577.39 and 1,590.46 compared with yesterday’s closing of 1,588.45.
Malacca Securities Sdn Bhd senior analyst Kenneth Leong told theedgemarkets.com the weakness in the local bourse performance today was in line with regional markets after Wall Street dropped yesterday due to rising Treasury yield.
The rising yield has sparked investors concerns that this may prompt central banks to raise ultra-low interest rates, which is bad for the equity market.
The main index at Bursa Malaysia rose 1.04% at the midday break today, tracking the jump at regional markets, as Petroliam Nasional Bhd (Petronas)-linked stocks led the gains.
KLCI pares gains as index-linked glovemakers stay pressured theedgemarkets.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theedgemarkets.com Daily Mail and Mail on Sunday newspapers.
KUALA LUMPUR (Feb 23): The main index at Bursa Malaysia pared some of its gains at mid-morning today, as regional markets dipped.
At 10.10am, the FBM KLCI was up 4.51 points to 1,574.97. The index had earlier risen to a high of 1,580.68.
Gainers led losers by 455 to 392, while 444 counters traded unchanged. Trading volume was 3.62 billion shares valued at RM1.49 billion.
The top gainer was newly-listed Mobilia Holdings Bhd, Panasonic Manufacturing Malaysia Bhd, Pimpinan Ehsan Bhd, Heineken Malaysia Bhd, Hengyuan Refining Company Bhd, Petronas Gas Bhd, Industronics Bhd, Hap Seng Consolidated Bhd and Padini Holdings Bhd.
The actively traded stocks included AirAsia X Bhd, Mobilia, DGB Asia Bhd, Dynaciate Group Bhd, AirAsia Group Bhd, Velesto Energy Bhd, Key Alliance Group Bhd and Hubline Bhd.