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

(Jan 15): Deribit, the world’s largest trading platform for bitcoin and ether options, has drawn interest from potential acquirers and is working with a financial adviser to review opportunities, according to people with knowledge of the matter.

Crypto options venue Deribit draws interest from buyers — Bloomberg

Oil steadied on Wednesday after dropping by the most in more than a month as the impact of US sanctions against Russian flows continued to reverberate, and an industry report pointed to lower US stockpiles.

Oil steady as sanctions angst and lower stockpiles set the tone

Thailand’s cabinet this week approved changes to the nation’s visa rules to make it more attractive for skilled professionals, investors and wealthy foreigners to secure long-term residency permits.

Thailand eases visa rules for professionals, wealthy foreigners

By Lim Sue Lin

Co-head of equity research, 

Maybank Investment Banking Group

Market Views: Progressive momentum to follow through

By Datuk Seri Cheah Cheng Hye

Co-chairman and co-chief investment officer,

Value Partners Group Ltd

Market Views: China’s trillions in deposits a lifeline for Hong Kong’s struggling stock market

KUALA LUMPUR (Jan 15): Securities Commission Malaysia announced the appointment of Datuk Nik Mohd Hasyudeen Yusoff, the former chief executive officer of Lembaga Tabung Haji, to its board effective Wednesday.

Tabung Haji ex-CEO Nik Hasyudeen joins Securities Commission’s board

Singapore home sales beat forecasts in 2024, due to a resurgence in demand that has renewed speculation the government may take steps to cool the market.

Singapore home sales beat forecasts in 2024 after year-end rush

Steel products maker Colform Group Bhd has priced its initial public offering (IPO) at 36 sen per share, which will gross up to RM60.63 million, ahead of its listing on the ACE Market.

Steel products maker Colform fixes IPO price at 36 sen to raise over RM60m from ACE Market listing

New users have piled in to Chinese social media app RedNote just days before a proposed US ban on the popular social media app TikTok, as the lesser-known company rushes to capitalise on the sudden influx while walking a delicate line of moderating English-language content, sources told Reuters.

Over half a million ‘TikTok refugees’ flock to China's RedNote, Reuters reports

MN Holdings Bhd (KL:MNHLDG), a specialist in underground utilities and substation engineering, will experience minimal disruption to its ongoing data centre projects despite recent US export controls on artificial intelligence (AI) chips, according to Phillip Capital.

MN Holdings' key customer largely unaffected by AI chip curbs, says Phillip Capital

U Mobile Sdn Bhd will likely struggle to roll out Malaysia’s second 5G network, pushing the company to even consider a merger, said Hong Leong Investment Bank (HLIB).

U Mobile will struggle to roll out second 5G network, may even consider merger — analysts

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Salaries in Malaysia projected to increase by 5% in 2025 — Mercer

South Korean authorities arrested impeached President Yoon Suk Yeol on Wednesday over insurrection allegations, with the embattled leader saying he agreed to comply with what he called an illegal probe to avoid "bloodshed".

South Korean investigators arrest impeached President Yoon, ending weeks-long standoff

(Jan 15): At least eight major distressed Chinese firms, including a China Evergrande Group unit, are set to defend themselves in court cases relating to their debt problems over the next two weeks, in one of the busiest stretches ever for such hearings.

Distressed Chinese companies face flurry of court hearings

(Jan 15):&nbsp;Asian stocks were poised for a steady open following a tepid US session, as traders await key inflation data that may shed light on the path of US Federal Reserve rates over the coming months.

Asian traders tread with caution ahead of US CPI data

(Jan 15):&nbsp;Donald Trump’s inauguration promises to usher in an era of upheaval in global commerce, forcing governments around the world to scramble in preparation for a tariff onslaught, even before he’s back in the White House.&nbsp;

World readies for Trump tariffs even before his White House return

KUALA LUMPUR (Jan 15): Yinson Holdings Bhd’s (KL:YINSON) move to rope in foreign partners for its production unit would strengthen its own balance sheet and reduce the reliance on debt, analysts said.

Yinson’s move to rope in foreign partners for unit is timely, will strengthen balance sheet, analysts say as shares rise

JOHOR BAHRU (Jan 15):&nbsp;A former engineer suffered a loss of RM9.47 million after participating in a non-existent online cryptocurrency investment scheme that claimed to offer high returns.

Ex-engineer loses RM9.47m in cryptocurrency investment scam

MN Holdings Bhd (KL:MNHLDG), a specialist in underground utilities and substation engineering, will experience minimal disruption to its ongoing data centre projects despite recent US export controls on artificial intelligence (AI) chips, according to Phillip Capital.

New users have piled in to Chinese social media app RedNote just days before a proposed US ban on the popular social media app TikTok, as the lesser-known company rushes to capitalise on the sudden influx while walking a delicate line of moderating English-language content, sources told Reuters.

Thailand may permit bitcoin exchange-traded funds (ETFs) to list on local exchanges for the first time as the country vies to nurture a digital-assets hub. &nbsp;

Thailand mulls allowing first bitcoin ETF in bid to boost sector

KUALA LUMPUR (Jan 15): The five independent directors of Malaysia Airports Holdings Bhd (MAHB) (KL:AIRPORT) have not been terminated, contrary to a statement made by Machang Member of Parliament Wan Ahmad Fayhsal Wan Ahmad Kamal.

MAHB: Five independent directors not terminated

SAN FRANCISCO (Jan 14): A half-dozen trade groups from the semiconductor and manufacturing industries sent a private letter to US President Joe Biden, complaining that new export controls expected this week were rushed through without consulting them.

Chip industry groups slam expected rules in private letter to Biden

MEXICO CITY (Jan 14): Chipmaker Intel Corp said on Tuesday that it will separate its venture capital and investment arm, Intel Capital, into a standalone company, to focus on enhancing efficiency across the business.

Intel to spin off its venture capital arm

LONDON (Jan 15): Prime Minister Datuk Seri Anwar Ibrahim arrived in the United Kingdom (UK) capital on Wednesday for a five-day working visit to Malaysia’s fourth largest trading partner among the European Union (EU) member countries.

Anwar arrives in London for working visit to UK

US President-elect Donald Trump said on Tuesday he will create a new government agency called the External Revenue Service "to collect tariffs, duties, and all revenue" from foreign sources as he readies new import tariffs ahead of his inauguration next week.

Trump says he will create new agency to collect revenue from foreign sources

China’s quest to feed itself has taken it as far as Kenya’s macadamia nut groves and Bolivia’s cattle ranches, as part of a push in recent years to diversify food sources away from traditional Western suppliers.

China is scouring the globe in search of new food suppliers

NEW YORK (Jan 14): Elon Musk was sued on Tuesday by the US Securities and Exchange Commission (SEC), which accused the world's richest person of waiting too long to disclose in 2022 that he had amassed a large stake in Twitter, the social media company he later bought.

US SEC sues Elon Musk over late disclosure of Twitter stake

The Biden administration has added 37 companies from China’s mining, solar and textile sectors to its list of those banned from exporting to the US due to alleged forced labour practices in the Xinjiang region.

US bans imports from 37 China firms due to alleged forced labour

KUALA LUMPUR (Jan 15): Maintenance, repair&nbsp;and overhaul (MRO) services are poised to become the primary area of collaboration between Malaysia and the United States (US) in the aerospace sector, according to the US International Trade Administration’s international trade specialist&nbsp;Stefanie Merchant.

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