Inter-Pacific Research Sdn Bhd said that after a two-day consolidation, the key FBM KLCI index could mount a rebound to end the week on a firmer note.

KLCI seen hovering between 1,600 and 1,610 on Friday

Apex Securities Bhd expects the local bourse to continue to trend sideways following the FBM KLCI’s retreat after hitting the 1,600 resistance level amid weakened sentiment across global stock markets and investors awaiting fresh catalysts.

Apex Securities expects local bourse to continue to trend sideways 

The FBM KLCI’s uptrend has been relentless since mid-April as accumulation on blue chips by both local institutions and foreign funds continues, according to Rakuten Trade.

Banks, construction to be in focus as FBM KLCI could test 1,600 soon, says Rakuten Trade 

Inter-Pacific Securities Sdn Bhd said the FBM KLCI’s technical indicators remain overbought, and this could extend the downside pressure on these constituents.

In its daily bulletin on Thursday, the research house said the KLCI ended its upward streak on Wednesday as profit-taking activities set in to send the key index lower.

KLCI’s technical indicators remain overbought, says Inter-Pacific

Hong Leong Investment Bank (HLIB) Research said in the near term, the FBM KLCI is expected to remain choppy (support: 1,500-1,520), as investors weigh the ongoing February reporting season, a delay the US Federal Reserve’s rate-cut trajectory, and the sustainability of the Shanghai Composite Index’s recent rebound.

KLCI expected to remain choppy in near term, says HLIB Research

Asian stocks were set to follow a selloff on Wall Street, with bond yields rising as traders comb through remarks from a slew of Federal Reserve officials and await Jerome Powell’s speech for clues on the interest-rate outlook.

Equity futures for Japan, Hong Kong and Australia pointed to declines after the S&P 500 almost wiped out its weekly advance, while losses in the Nasdaq 100 topped 2%. Treasury two-year yields, which are more sensitive to imminent policy moves, climbed above 5%. The greenback advanced against all of its G-10 peers on Thursday (Aug 24), with the Australian and New Zealand dollars falling the most in more than three weeks.

Asian stocks to follow US drop before Powell speech

KUALA LUMPUR (Jan 3): Hong Leong IB Research expects 2023 to be a less stormy year for Bursa Malaysia (but certainly not a smooth journey), following a cumulative two-year loss of 8.2%.

In a traders’ brief on Tuesday (Jan 3), the research house said that currently, CY2023’s valuation is...

2023 to be less stormy year for Bursa Malaysia, says HLIB Research

KUALA LUMPUR (Nov 22): Hong Leong Investment Bank Research (HLIB) said that as a hung parliament election outcome is unprecedented for Malaysia and the possibility of higher political risk premium and regulatory risks (due to the unexpected strong showing by PAS), the FBM KLCI may witness further...

FBM KLCI may witness further volatility ahead, says HLIB

KUALA LUMPUR (Nov 21): Inter-Pacific Research Sdn Bhd said that with no clear winner in the recently concluded elections, market conditions are likely to be volatile at the start of the week as the political impasse will leave investor sentiments wary

In its daily bulletin on Monday (No...

Impasse could see a knee jerk reaction to politically sensitive stocks, says Inter-Pacific 

KUALA LUMPUR (Nov 17): Inter-Pacific Research Sdn Bhd sees the near-term outlook for the FBM KLCI remaining soft as market players continue to shy away from the market as they await the outcome of the 15th general election.

In its daily bulletin on Thursday (Nov 17), the research house ...

Inter-Pacific sees near-term outlook for FBM KLCI remaining soft 

KUALA LUMPUR (Nov 16): Hong Leong IB (HLIB) Research expects the FBM KLCI to stay choppy (resistances: 1,469-1,482-1,500; supports: 1,408-1.424-1.436) ahead of the long weekend holidays and 15th general election (GE15) polling, as market participants adopt a cautious “wait-and-see” attitude.
...

FBM KLCI to stay choppy ahead of GE15 polling, says HLIB Research 

KUALA LUMPUR (Nov 15): Rakuten Trade said the FBM KLCI closed lower on Monday (Nov 14) amid some profit-taking activities attributed a mixed regional performance.

Nonetheless, the research house in its daily market report on Tuesday said it noticed market undertone remains strong as the...

Energy sector may experience some headwinds on Tuesday, ringgit seen between 4.590-4.600

KUALA LUMPUR (Nov 14): Inter-Pacific Research Sdn Bhd said the near-term outlook for the FBM KLCI remains buoyant as market sentiments have improved with the odds of further steep interest rate hikes diminishing following the easing inflation pressure.

In its daily bulletin on Monday (N...

Near-term outlook for FBM KLCI remains buoyant, says Inter-Pacific Research 

KUALA LUMPUR (Nov 11): Inter-Pacific Research Sdn Bhd said Malaysian equities continued to inch higher and ended Thursday (Nov 10) just a shade below the psychological 1,450 level on continuing nibbling by foreign institutional buyers.

In its daily bulletin on Friday (Nov 11), the resea...

Inter-Pacific Research expects further near-term upside to KLCI

PORT-AU-PRINCE, Haiti (Sept 14): A fuel truck exploded on a road in Haiti's southern peninsula on Saturday, killing at least 25 people, according to local media, and leaving dozens of survivors with serious burns.

Haitian PM visits 'horrible scene' of gas truck blast; death toll now put at 25

CAIRO (Sept 14): At least three people were killed and 49 others wounded in a collision between two passenger trains in Zagazig city northeast of Cairo, Egypt's health ministry said on Saturday.

At least three killed, 49 injured in Egypt train collision

KUALA LUMPUR (Sept 15): Inspired by the ongoing “Naomi: In Fashion” exhibition at the Victoria & Albert museum in London, we take a look at some of the most unforgettable moments in the groundbreaking model, cultural icon and activist’s 40-year (and counting) career history, starring Suganya Bala Subramaniam.

Super trouper

KUALA LUMPUR (Sept 15): Malaysia’s thriving building and construction industry is central to the country’s economic development and plays a pivotal role in nation-building. In conjunction with Malaysia Day this year, some of the country’s top property developers and key real estate associations share their thoughts on what being Malaysian means to them and their organisations, as well as their hopes for the country.

Building together

PAS' 70th muktamar on Saturday unanimously approved seven proposed amendments to the party's constitution, including the creation of clear and strict anti-party-hopping provisions.

PAS amends constitution; those joining, supporting another party automatically lose membership

The Selangor Islamic Religious Department (JAIS) has been ordered to conduct an immediate investigation into all welfare homes and Islamic schools in the state associated with Global Ikhwan Services and Business (GISB) Holdings and its network, according to the Selangor Islamic Religious Council (MAIS).

JAIS to probe welfare homes, religious schools linked to GISB over purported teachings that deviate from Islam

Permanent and pensionable civil servants who opt for the Public Service Remuneration System (SSPA) will not only have a permanent and unaffected pension, but will also receive salary adjustments.

Permanent civil servants opting for new remuneration system to keep pension, get salary adjustments

The chief executive officer of the Malaysian Palm Oil Council (MPOC), Belvinder Kaur Sron, on Saturday called on the European Union to delay the implementation of its Deforestation Regulation (EUDR), in order to address flaws of the policy.

MPOC calls on EU to delay implementation of its deforestation regulation

Wars, disease, famine, pestilence and weather disturbances have marked 6,000 years of man’s recorded history. Yet mankind survived. The dropping of atomic bombs in 1945, followed by the proliferation of nuclear weapons have ironically not made the world less safe in the 80 years after the Second World War. The ravaging impact of climate change, on the other hand, has so far not spared any country or continent. Hence, unlike earlier threats to civilisation which were localised within a country or continent — even the Second World War was essentially a European and Asian conflict — global warming and climate change affect the entire world. It is a global crisis requiring global response. In consequence, climate crisis has emerged as the greatest existential threat, not just to mankind, but to our very Earth.

Practitioners of the law must be fully immersed in climate governance

The police carried out six months of intelligence and investigations before raiding 20 care homes linked to Global Ikhwan Services and Business (GISB) Holdings over allegations of child exploitation and abuse.

Care homes raided following six months of intelligence, probe — IGP

PAS' 70th muktamar on Saturday unanimously approved seven proposed amendments to the party's constitution, including the creation of clear and strict anti-party-hopping provisions.

KUALA LUMPUR (Sept 15): Malaysia’s thriving building and construction industry is central to the country’s economic development and plays a pivotal role in nation-building. In conjunction with Malaysia Day this year, some of the country’s top property developers and key real estate associations share their thoughts on what being Malaysian means to them and their organisations, as well as their hopes for the country.

KUALA LUMPUR (Sept 15): Inspired by the ongoing “Naomi: In Fashion” exhibition at the Victoria &amp; Albert museum in London, we take a look at some of the most unforgettable moments in the groundbreaking model, cultural icon and activist’s 40-year (and counting) career history, starring Suganya Bala Subramaniam.&nbsp;

CAIRO (Sept 14): At least three people were killed and 49 others wounded in a collision between two passenger trains in Zagazig city northeast of Cairo, Egypt's health ministry said on Saturday.

PORT-AU-PRINCE, Haiti (Sept 14): A fuel truck exploded on a road in Haiti's southern peninsula on Saturday, killing at least 25 people, according to local media, and leaving dozens of survivors with serious burns.

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