<div class=newsTextDataWrapInner><p>KUALA LUMPUR (May 3): AllianceDBS Research said Felda Global Ventures Holdings Bhd (FGV) had on May 2 traded lower to RM1.92 before closing near the day’s low at RM1.95 (down 18 sen or 8.45%).</p></div>

<div class=newsTextDataWrapInner><p>In its evening edition yesterday, the research house said FGV continued to stay above the 20-day and 50-day moving average lines in the last 5 days. Following the down close on May 2, the stock is likely to move lower again with immediate support at RM1.90.</p></div>

<div class=newsTextDataWrapInner><p>It said a fall below RM1.90 should see further price decline to the subsequent support zone, RM1.70 – RM1.78. Market hurdle is pegged at RM2.16. A rise above RM2.16 would lift the stock to the next resistance at RM2.20,” it said.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>AllianceDBS Research said stock volume traded on May 2 was 50.5 million shares compared to the 3-month average volume of 11.9 million shares.</p></div>

<div class=newsTextDataWrapInner><p>The research house said that indicators wise, the MACD was below the 9-day moving average line with a sell signal just being emitted.</p></div>

<div class=newsTextDataWrapInner><p>It said the relative strength index indicated that the stock is currently in an oversold zone.</p></div>


KUALA LUMPUR (May 3): AllianceDBS Research said Felda Global Ventures Holdings Bhd (FGV) had on May 2 traded lower to RM1.92 before closing near the day’s low at RM1.95 (down 18 sen or 8.45%).

In its evening edition yesterday, the research house said FGV continued to stay above the 20-d...

Felda Global under selling pressure, says AllianceDBS Research 

SYDNEY (Jan 6): Insignia Financial shares shot to a three-year high on Monday, after it revealed a A$2.87 billion (US$1.78 billion, or RM8.01 billion) takeover bid from US-based investment manager CC Capital Partners, eclipsing a A$2.67 billion offer from Bain Capital.

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A crowd rallied outside the Palace of Justice on Monday to support former prime minister Datuk Seri Najib Razak in his renewed bid to serve the rest of his prison term under house arrest.

Supporters turn up to Najib solidarity rally

Local institutions supported Bursa Malaysia for the 11th consecutive week, with net purchases of RM304.0 million in domestic equities, according to MIDF Amanah Investment Bank Bhd.

MIDF: Local institutions back Bursa Malaysia for 11th straight week

Canadian Prime Minister Justin Trudeau is likely to announce his resignation as leader of the Liberal Party this week, the Globe and Mail reported, citing information from three people it didn’t name.

Canada’s Trudeau is likely to resign this week — report

(Jan 6): Italy is in advanced talks with Elon Musk’s SpaceX for a deal to provide secure telecommunications for the nation’s government — the largest such project in Europe, people with knowledge of the matter said on Sunday (Jan 5).

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LONDON (Jan 5): Elon Musk said Nigel Farage should quit as leader of Britain's right-wing Reform UK party in an abrupt withdrawal of support by the US billionaire for the Brexit campaigner, who is trying to shake up the British political establishment again.

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KUALA LUMPUR (Jan 6): Binastra Corporation Bhd (KL:BNASTRA) may be the preferred contractor for property projects worth RM10 billion in gross development value over the next three years, Mercury Securities said.

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WASHINGTON (Jan 5): A massive winter storm moving across the United States will not keep the US Congress from meeting on Monday to formally certify Republican Donald Trump's election as president, Republican House Speaker Mike Johnson said on Sunday.

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(Jan 6): Shares in Nippon Steel Corp slipped on Monday, the first day of trading since US President Joe Biden blocked the Japanese company’s planned US$14.1 billion (RM63.49 billion) takeover of United States Steel Corp.

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MORNING CALL: 6/1/25

<p>A crowd rallied outside the Palace of Justice on Monday to support former prime minister Datuk Seri Najib Razak in his renewed bid to serve the rest of his prison term under house arrest.</p>


<p>Asian equities were primed to rise in major markets on Monday after Wall Street snapped a five-day losing streak, helped along by fresh demand for big tech stocks.</p>


Asian stocks set to rise after Wall Street rebound

<p>The task of providing elderly care for the growing number of Chinese baby boomers may be a headache for Beijing, but a Singaporean hospital operator sees it as an evergreen opportunity.</p>


Singapore hospital operator Perennial targets wealthy boomers in China

<p>KUALA LUMPUR (Jan 6): Binastra Corporation Bhd (KL:BNASTRA) may be the preferred contractor for property projects worth RM10 billion in gross development value over the next three years, Mercury Securities said.</p>


<p>The Australian dollar slid the most in six years in 2024 but its decline looks far from over — there’s every prospect it will fall below 60 US cents in coming months.</p>


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<p>(Jan 5):&nbsp;United Airlines said on Sunday that it expects to begin testing Elon Musk's Starlink in February&nbsp;for in-flight internet services, and to first offer the connectivity on a commercial flight operated by Embraer&nbsp;aircraft this spring.</p>


United Airlines to bring Musk's Starlink on flights by spring

<p>SYDNEY (Jan 6): Insignia Financial shares shot to a three-year high on Monday, after it revealed a A$2.87 billion (US$1.78 billion, or RM8.01 billion) takeover bid from US-based investment manager CC Capital Partners, eclipsing a A$2.67 billion offer from Bain Capital.</p>


<p>Canadian Prime Minister Justin Trudeau is likely to announce his resignation as leader of the Liberal Party this week, the <em>Globe and Mail </em>reported, citing information from three people it didn’t name.</p>


<p>(Jan 6):&nbsp;Shares in Nippon Steel Corp&nbsp;slipped on Monday, the first day of trading since US President Joe Biden&nbsp;blocked&nbsp;the Japanese company’s planned US$14.1 billion (RM63.49 billion) takeover of United States Steel Corp.</p>


<p>The yuan weakening past a level that China had been defending throughout December has returned the spotlight to its daily reference rate for the managed currency to gauge Beijing’s appetite to support it.</p>


Yuan traders look to PBOC fixing to gauge level of support

<p>LONDON (Jan 5): Elon Musk said Nigel Farage should quit as leader of Britain's right-wing Reform UK party&nbsp;in an abrupt withdrawal of support by the US&nbsp;billionaire for the Brexit campaigner, who is trying to shake up the British political establishment again.</p>


<p>WASHINGTON (Jan 5): A massive winter storm moving across the United States will not keep the US&nbsp;Congress from meeting on Monday to formally certify Republican Donald Trump's election as president, Republican House Speaker Mike Johnson said on Sunday.</p>


<p>Local institutions supported Bursa Malaysia for the 11th consecutive week, with net purchases of RM304.0 million in domestic equities, according to MIDF Amanah Investment Bank Bhd. &nbsp;</p>


<p>(Jan 6):&nbsp;Italy is in advanced talks with Elon Musk’s SpaceX for a deal to provide secure telecommunications for the nation’s government — the largest such project in Europe, people with knowledge of the matter said on Sunday (Jan 5).</p>
