Bursa Malaysia opened lower on Tuesday, taking a cue from the negative developments on Wall Street overnight due to escalating tensions in the Middle East, coupled with persistent inflation in the US as indicated by stronger-than-expected March retail sales.

Bursa tracks weaker Wall Street showing to open lower 

Bursa Malaysia opened lower on Monday as a cautious sentiment prevailed in light of current developments in the Middle East, said an analyst.

Bursa opens lower on cautious sentiment

Bursa Malaysia opened lower on Friday, due to a lack of participants in the market, with traders taking an extended Hari Raya break after Wednesday and Thursday, said an analyst.

At 9.18am, the FBM KLCI had declined 3.56 points to 1,549.95, from Tuesday's close at 1,553.51. The benchmark index opened 0.58 point higher at 1,554.09.

Bursa opens lower after two-day holiday break

Bursa Malaysia climbed higher in early trade on Tuesday, driven by bargain hunting for blue-chip stocks ahead of a long Hari Raya holiday.

At 9.15am, the FBM KLCI had added 1.59 points to 1,561.57, from Monday's close at 1,559.98. The benchmark index opened 0.07 point lower at 1,559.91.

Bursa higher in early trade on bargain hunting

Bursa Malaysia opened higher on Monday, tracking the performance of Wall Street last Friday, as traders cheered the US' strong job data, according to analysts.

At 9.15am, the FBM KLCI had added 0.33 of a point to 1,555.58, from last Friday’s close at 1,555.25.

Bursa opens higher, tracking Wall Street's performance

Bursa Malaysia opened lower on Friday on profit-taking, tracking Wall Street’s negative overnight performance, said an analyst.

At 9.05am, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 3.60 points to 1,549.64 from Thursday’s close of 1,553.24.

Bursa opens lower on profit-taking

Bursa Malaysia opened higher on Thursday, supported by bargain-hunting activities especially for telecommunications, consumer products and services as well as financial services shares, following a mixed performance on Wall Street overnight.

Bursa opens higher on bargain-hunting

Bursa Malaysia was lower at the opening on Wednesday, tracking Wall Street’s fall overnight.

At 9.05am, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 2.11 points weaker at 1,545.88 from Tuesday’s close of 1,547.99.

Bursa opens lower, tracking Wall Street fall

Bursa Malaysia opened lower on Tuesday following a mixed performance on Wall Street overnight.

At 9.05am, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 2.37 points easier at 1,541.65 compared with Monday’s close of 1,544.02.

Bursa opens lower

Bursa Malaysia opened higher on Monday, supported by buying interest in most sectors, said analysts.

At 9.05am, the FTSE Bursa Malaysia KLCI (FBM KLCI) added 2.39 points to 1,538.46 from last Friday’s close of 1,536.07.

Bursa opens higher on buying interest in most sectors

Bursa Malaysia opened higher on Friday, in tandem with the mostly higher regional peers despite the mixed sentiment on Wall Street overnight, said an analyst.

Bursa opens higher in sync with regional peers

KUALA LUMPUR (March 27): Bursa Malaysia opened lower on Wednesday, on lack of fresh catalysts to propel market movement.

Bursa opens lower on lack of fresh catalysts

Bursa Malaysia opened mixed on Tuesday morning with the key index down amid a lack of catalysts.

At 9.15am, the FTSE Bursa Malaysia KLCI (FBM KLCI) dropped 3.48 points to 1,534.06 from Monday’s close of 1,537.54.

Bursa opens mixed, KLCI down amid lack of catalysts

Bursa Malaysia opened mixed on Monday, taking its cue from Wall Street's weaker performance last Friday as the US Federal Reserve kept the federal funds rate unchanged at 5.25%-5.50% for the fifth straight meeting.

Bursa opens mixed, taking cue from Wall Street

Microsoft Corp will invest US$1.5 billion (RM7.19 billion) in the United Arab Emirates’ top artificial intelligence firm, G42, bolstering the Abu Dhabi-based company’s commitment to scale back its presence in China.

Microsoft invests US$1.5b in UAE’s G42, will get board seat

Analysts are positive on Malaysia’s pilot green power exports to Singapore using existing infrastructure in both countries, following establishment of the platform enabling cross-border trading of green electricity, the Energy Exchange Malaysia (Enegem).

Analysts positive on pilot green power exports to Singapore; name Tenaga, YTLP as top picks

Workers in Singapore can now ask for four-day work weeks, more work-from-home days and staggered work timings starting from Dec 1, underscoring the global trend of governments and companies relaxing office arrangements in order to retain talent.

Singapore orders all employers to consider employees’ flexi-time requests

The Ministry of Transport clarified on Tuesday that the higher contract value of RM190.01 million awarded to HeiTech Padu Bhd for Road Transport Department (JPJ) services was only due to a longer extended contract duration.

Loke: Higher contract value awarded to HeiTech Padu due to longer extended duration

Datuk Abdul Rahman Ahmad will return to Permodalan Nasional Bhd (PNB) as its president and group chief executive effective July 1, 2024, the government-linked investment company said.

CIMB’s Abdul Rahman Ahmad returns to PNB as president, group chief executive

Most central banks across Asia are likely to begin cutting interest rates later in the year — if at all, according to economists at Morgan Stanley, as the Federal Reserve delays its own policy easing.

Morgan Stanley sees US Fed cut delay pushing back easing in Asia

Gold is set to reach US$3,000 (RM14,381.71) an ounce over the next six to 18 months on increasing investor inflows amid expectations that the Federal Reserve will eventually cut interest rates, Citigroup Inc said, adding to a roll call of Wall Street banks that have raised forecasts.

Gold seen hitting US$3,000 at Citi as investor inflows juice rally

Oil prices rose on Tuesday amid heightened tensions in the Middle East after Israel's military chief said his country would respond to Iran's weekend missile and drone attack amid calls for restraint by allies.

Oil prices rise on solid China growth, Middle East tensions

Pharmaceutical company Apex Healthcare Bhd has committed to reinvest 5% of its total manufacturing revenue into the research and development (R&D) of new products moving forward.

Apex Healthcare commits to boosting R&D investment to 5% of annual manufacturing revenue 

Bursa Malaysia ended the morning session lower on Tuesday, in tandem with the weaker regional performance due to a broad sell-off on Wall Street overnight, said an analyst.

Bursa ends morning session lower along with regional peers

The collective wealth of tycoons listed on the 2024 Forbes Malaysia Rich List increased by a modest 2% to US$83.4 billion (RM398.8 billion), according to Forbes Asia.

Wealth of Malaysia’s 50 richest individuals on Forbes list rises 2% — Forbes Asia 

E-government services providers MyEG Services Bhd and HeiTech Padu Bhd have formed a partnership to collaborate on IT projects in Malaysia.

According to separate bourse filings from both companies on Tuesday, MyEG and HeiTech Padu have inked a teaming agreement for the collaboration.&nbsp;

MyEG, HeiTech Padu form partnership to collaborate on IT projects

Datuk Abdul Rahman Ahmad will return to Permodalan Nasional Bhd (PNB) as its president and group chief executive effective July 1, 2024, the government-linked investment company said.

Alliance Bank Malaysia Bhd’s (ABMB) net profit is expected to jump by 37.3% year-on-year (y-o-y) to RM179 million for the fourth quarter ended March 31, 2024 (4QFY2024), according to AmInvestment Bank Research.

AmInvestment sees Alliance Bank’s 4Q earnings jump by 37% y-o-y

CIMB Group Holdings Bhd, Malaysia’s second-biggest banking group by assets, said on Tuesday its chief executive Datuk Abdul Rahman Ahmad will step down on June 30.

CIMB says CEO Abdul Rahman Ahmad stepping down on June 30

Asian stocks fell and the dollar climbed to more than five-month highs on Tuesday as stronger-than-expected US retail sales for March further reinforced expectations that the Federal Reserve is unlikely to be in a rush to cut interest rates this year.

Asian shares slide on US rate cut rethink; China GDP beats estimates 

China said it believed Iran could "handle the situation well and spare the region further turmoil" while safeguarding its sovereignty and dignity, referring to an attack on Iran's embassy in Syria and its retaliatory strike over the weekend.

Iran able to 'handle situation' and spare Middle East more tension, China's foreign minister says

Singapore’s Prime Minister Lee Hsien Loong is stepping down on May 15 after two decades in office. Lee, 72, will hand the reins over to his deputy Lawrence Wong, 51, in a widely-telegraphed transition.

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The automotive industry is not exactly the place one would want to be in the next few years.

Competition among manufacturers of internal combustion engine vehicles, battery electric vehicles (EVs) and hybrid cars has been ongoing for more than a decade now. Last year, some certainty fin...

Alternative Views: Automotive industry feels heat from intensifying EV price war

Carlo Rino Group Bhd has filed for an initial public offering (IPO) that would raise more funds for the apparel company as part of its listing transfer to the ACE Market from the LEAP Market.

Carlo Rino files draft prospectus for listing transfer to ACE Market

Bursa Malaysia ended the morning session lower on Tuesday, in tandem with the weaker regional performance due to a broad sell-off on Wall Street overnight, said an analyst. &nbsp;

RHB Retail Research said Cosmos Technology International Bhd has confirmed a bullish setup after breaking past a key resistance on strong volume.

Cosmos Technology has confirmed bullish setup, says RHB Retail Research 

KTI Landmark Bhd (KTI) has signed an underwriting agreement with M&amp;A Securities Sdn Bhd for its listing on the ACE Market of Bursa Malaysia Securities Bhd.

In a statement on Tuesday, the Sabah-based integrated property developer said the initial public offering (IPO) comprises a public issue of 160 million new shares and an offer for sale of 45 million existing shares, representing 20% and 5.6% of the enlarged share capital of KTI respectively.

KTI Landmark inks underwriting deal with M&A Securities en route to ACE Market listing

RHB Retail Research said Notion VTec Bhd is looking to extend upside movement after staging a bullish breakout.

Notion VTec aiming to extend upside movement — RHB Retail Research 

There is "no urgency" to cut US interest rates, Mary Daly, the president of the San Francisco Federal Reserve Bank, said on Monday, with the economy and labour market strong, and inflation still above the Fed's target of 2%.

US Fed should not act urgently to cut rates unless required, Daly says

The recent attack by Iran on Israel represents a dangerous expansion of the Israel–Hamas war and raises the risk of a sharp escalation of the conflict, according to S&amp;P Global Ratings.

S&P: Medium-term trajectory remains fraught with risk after recent attack by Iran on Israel

Former prime minister Tan Sri Muhyiddin Yassin has requested for a bench of five Court of Appeal (COA) judges to hear his review against the court’s own decision to reinstate abuse of power charges involving RM232.5 million against him.

Muhyiddin seeks five-judge bench to hear criminal charges review

The ringgit opened lower against the US dollar for the second consecutive day on Tuesday as the greenback strengthened following robust US retail sales data for March, said an analyst.

Ringgit opens lower against dollar on strong US retail sales data 

Oil prices rose on Tuesday amid heightened tensions in the Middle East after Israel's military chief said his country would respond to Iran's weekend missile and drone attack amid calls for restraint by allies.

Bursa Malaysia opened lower on Tuesday, taking a cue from the negative developments on Wall Street overnight due to escalating tensions in the Middle East, coupled with persistent inflation in the US as indicated by stronger-than-expected March retail sales.

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