Bursa Malaysia is projected to continue trading in range-bound mode with an upward bias next week, as investors continue to seek new catalysts amid heightening global market volatility, a dealer said.

Bursa expected to trade range-bound in coming week on lack of catalysts

Bursa Malaysia's barometer index is set to test the 1,480 level next week riding on bullish year-end seasonalities and global equities strength.

Inter-Pacific Asset Management Bhd chief economist and fund manager Datuk Dr Nazri Khan said the expectation of a pause in the interest rate hike due to the cooling US inflation data is also expected to continue boosting risk appetite for stocks.

FBM KLCI expected to climb to 1,480 level next week

The FBM KLCI is expected to trend higher towards the 1,460-point level next week, driven by Wall Street’s record best week in a year after US jobs growth slowed.

KLCI expected to trend higher in coming week

Stock market investors will be watching out for some local economic data to be released in the coming week, including the Service Producer Index for the third quarter of 2023 and Industrial Production Index for September, according to an analyst.

Investors eye up domestic economic data next week 

The FTSE Bursa Malaysia KLCI (FBM KLCI) is expected to move in an uptrend next week as regional markets rally on bets of peak US interest rates and strong earnings.

Inter-Pacific Asset Management Bhd chief economist and fund manager Datuk Dr Nazri Khan said the positivity should also permeate to stocks on the FBM KLCI and extend its near-term upsides, although the recovery may still be measured due to the continuing cautiousness over Malaysia’s economic and corporate earnings outlook.

FBM KLCI expected to rise to 1,460 next week, says economist

The FBM KLCI is expected to trend higher towards the 1,450 level next week, on the back of higher Malaysian producer price index (PPI) data in September.

KLCI expected to trend higher towards 1,450 level in coming week

The FTSE Bursa Malaysia KLCI (FBM KLCI) is expected to consolidate sideways next week due to the weakening of the ringgit along with the Middle East tension and pressure from the global bond market rout.

FBM KLCI expected to consolidate sideways next week, says economist

Bursa Malaysia is likely to trend lower next week amid rising interest rates, higher oil prices and the stronger US dollar.

Inter-pacific Asset Management Bhd chief economist and fund manager Datuk Nazri Khan said the US Treasury bond rout has bolstered the view that the US Federal Reserve would call for more rate rises over the next 12 months.

Bursa set to continue downtrend next week on weaker sentiment — economist

Bursa Malaysia will likely move on a downward trend next week, easing to 1,400 points from the current 1,420 points, as most stocks are struggling to find their next direction.

Bursa to ease to 1,400-point level next week, says analyst

Bursa Malaysia is likely to trend lower next week amid cautious market sentiment as investors are concerned about the bearish economic outlook, an analyst said.

Bursa likely to trend lower next week amid cautious market sentiment

Optimism about the outlook for US interest rates and China’s improving economic prospects are set to drive Bursa Malaysia higher next week.

Bursa seen higher in coming week on continued bullish sentiment

Bursa Malaysia is expected to continue to trade in cautious mode next week with investors concerned about the bearish economic outlook, said a trader.

Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said local market investor sentiment may turn cautious in the short term due to heightened volatility in the regional market.

Bursa expected to trade in cautious mode next week

Bursa Malaysia is expected to continue its positive momentum next week although there might be some profit-taking activities, said a trader.

Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said he was cautiously optimistic given the improvement in the local market sentiment and the return of foreign funds.

Bursa expected to continue upward momentum next week

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

KKR & Co will pay about US$2.7 billion (RM12.56 billion) in cash to acquire the remaining 37% of Global Atlantic that it doesn’t already own, broadening its bet on insurance to fuel asset and fee growth.

KKR to pay US$2.7b for rest of insurer Global Atlantic

Shares in Pharmaniaga Bhd fell in early trade on Thursday, after the pharmaceutical group proposed a regularisation plan that consists of a capital reduction exercise, renounceable rights issue of news shares plus private placement, to raise up to RM654.61 million to pare down debts.

Pharmaniaga slips on 3Q net loss, opaque outlook

KUALA LUMPUR (Nov 30): The revival of several mega infrastructure projects has provided the much-needed impetus to the Malaysian construction sector, driving the construction stocks index on Bursa Malaysia to a two-year high by 20.74% year-to-date (as of Nov 27), as well as the industry to post stronger growth.

Revival of mega infrastructure projects sparks construction sector growth, sustainability at work

Activity in China’s manufacturing and services sectors shrank in November, adding to expectations for additional government support for the economic recovery, as it struggled to regain steam.

China's factory, services activity shrinks in sign of recovery woes

How many times have we bought a cup of coffee much larger than what we need simply because it was only slightly more expensive? Or looked at our long “to-do” lists and decide that the next course of action would be to take a quick nap?

These are just some of the many behavioural biases ...

My Say: Behavioural interventions: Nudging Malaysia towards retirement adequacy

For two hours on an early February morning, Sunac China Holdings Ltd chief financial officer Gao Xi delivered a tirade against bondholders — hitting the table as he told them the distressed developer had already made its best offer.

China’s shattered property bond market finds hope in Sunac deal

Hong Leong Investment Bank (HLIB) Research has upgraded Kimlun Corp Bhd to a "hold" from a "sell", and raised its target price (TP) to 79 sen from 72 sen, despite the engineering and construction outfit's results for the nine months ended Sept 30, 2023 (9MFY2023) missing expectations.

HLIB Research upgrades Kimlun to 'hold', TP to 79 sen

In a year in which little has gone right in the US bond market, November turned out to be a month for the record books.

Investors frantically bid up the price of Treasuries, agency and mortgage debt, sparking the best month since the 1980s and igniting a powerful pan-markets rally in everything from stocks to credit to emerging markets. Even obscure cryptocurrencies, the sort of speculative, uber-risky assets that struggled when yields were soaring, posted big gains.

Bond market's best month since 1980s sparks cross-asset rally

Elon Musk, the billionaire owner of X, said the advertisers that had stopped spending on the platform due to his endorsement of an antisemitic post can “f——” themselves.

Elon Musk, slinging expletives, says advertiser boycott on X may kill it

WASHINGTON (Nov 29): Henry Kissinger, a controversial Nobel Peace Prize winner and diplomatic powerhouse whose service under two presidents left an indelible mark on US foreign policy, died on Wednesday at age 100, according to his geopolitical consulting firm Kissinger Associates Inc.

Henry Kissinger, American diplomat and Nobel winner, dead at 100

Here is a brief recap of some corporate announcements that made news on Wednesday: Axiata Group Bhd, Cahya Mata Sarawak Bhd, Berjaya Corp Bhd, Mega First Corp Bhd, QL Resources Bhd, Sarawak Oil Palms Bhd, PPB Group Bhd, PJBumi Bhd, Apex Healthcare Bhd, Boustead Heavy Industries Corporation Bhd, FGV Holdings Bhd, Supermax Bhd, Genetec Technology Bhd, Icon Offshore Bhd, Titijaya Land Bhd, Public Bank Bhd, KSL Holdings Bhd, Malaysia Marine and Heavy Engineering Holdings Bhd, Pharmaniaga Bhd.

Axiata, CMSB, Berjaya Corp, Mega First, QL Resources, Sarawak Oil Palms, PPB, PJBumi, Apex Healthcare, Boustead Heavy, FGV, Supermax, Genetec, Icon Offshore, Titijaya, Public Bank, KSL, MHB, Pharmaniaga

UEM Sunrise Bhd said its former Canadian unit has been sued for defects in one of its buildings in the mixed residential and commercial use complex located in the province of British Columbia, known as Quintet Tower D.

UEM Sunrise's Canadian unit sued for defects in building

KUALA LUMPUR (Nov 29): Rapid KL has denied a viral post that there was an explosion or fire involving a Mass Rail Transit (MRT) train along the Kajang route this afternoon.

Rapid KL in a statement on Wednesday informed that the incident only involved the sound of a spark from train numb...

Rapid KL denies explosion involving MRT train

Oil and gas (O&amp;G) services provider Velesto Energy Bhd's net profit for the third quarter ended Sept 30, 2023 (3QFY2023) dropped 91.9% to RM1.22 million from RM14.97 million in the corresponding quarter a year ago, despite higher revenue, as it incurred higher operating and finance costs.

Velesto Energy's 3Q profit drops 91%, dragged by higher costs

Malaysia Building Society Bhd’s (MBSB) net profit dropped 44.3% to RM32.84 million or 0.46 sen for the third quarter ended Sept 30, 2023 (3QFY2023), from RM58.96 million or 0.82 sen a year earlier.

MBSB's 3Q net profit down 44% on higher opex, impairment

Analysts lowered their target prices (TPs) for Axiata Group Bhd, after the telecommunications company’s net loss widened to RM797.41 million for the third quarter ended Sept 30, 2023 (3QFY2023), from RM52.4 million a year ago, mainly due to asset impairment and lower share of results from subsidiary CelcomDigi Bhd.

Analysts lower target prices for Axiata on wider 3Q net loss, frontier market risks

Shares in Pharmaniaga Bhd fell in early trade on Thursday, after the pharmaceutical group proposed a regularisation plan that consists of a capital reduction exercise, renounceable rights issue of news shares plus private placement, to raise up to RM654.61 million to pare down debts.

Oriental Holdings Bhd's net profit jumped 190.59% to RM297.42 million for the third quarter ended Sept 30, 2023 (3QFY2023), from RM102.35 million a year earlier, thanks to a gain from a bargain purchase on step acquisition of RM102.4 million as well as a gain on disposal of its associate of RM116.4 million.

Oriental Holdings 3Q net profit jumps on gain on disposal of associate

KUALA LUMPUR (Nov 30): Shares in Supermax Corp Bhd fell 7.77% in the morning session on Thursday, after the glovemaker logged a net loss of RM2.05 million in the first quarter ended Sept 30, 2023 (1QFY2024), marking the group’s fourth straight loss-making quarter, as revenue shrunk amid weaker demand and persistent lower selling prices. Its quarterly loss narrowed from the preceding three quarters.

Supermax slides 7.77% after fourth straight loss-making quarter

Warren Buffett’s Berkshire Hathaway Inc&nbsp;said the billionaire former owner of Pilot Travel Centers sought to influence Pilot executives’ business decisions in order to juice the company’s quarterly earnings and pump up the value of his remaining stake in the truck stop chain.

Buffett's Berkshire says billionaire Haslam promised illicit payments to juice Pilot’s profit

Singapore and Zurich surpassed New York to become the&nbsp;world’s most expensive cities to live in this year, according to a new global survey.

Singapore, Zurich surpass New York to become world’s most expensive cities to live in — survey

MSCI's global equities index crept higher on Wednesday, while Treasury yields fell, as third-quarter data provided encouraging signs for the economy even as US&nbsp;Federal Reserve (Fed) officials provided mixed messages on monetary policy.

Equities gain while Treasury yields fall on data, talk of Fed rate cuts

As a rush of Wall Street strategists call for all-time highs in US stocks in the year ahead, JPMorgan Chase &amp; Co&nbsp;stands apart, releasing the gloomiest forecast so far among its peers.

JPMorgan’s S&P 500 outlook for 2024 is grimmest on Wall Street

US&nbsp;stocks edged lower on Wednesday as a robust upward gross domestic product (GDP) revision eased recession fears, while Federal Reserve (Fed) officials' remarks raised questions about the duration of the central bank's restrictive policy.

S&P 500 ends lower on mixed Fed messages, PCE on deck

Elon Musk, the billionaire owner of X, said the advertisers that had stopped spending on the platform due to his endorsement of an antisemitic post can “f——” themselves.

The Kemaman by-election is crucial to ensure the continued strength of the unity government, and its ability to carry out various efforts to safeguard the welfare of the people, said Prime Minister Datuk Seri Anwar Ibrahim.

Kemaman by-election on Saturday crucial to ensure unity govt's strength, says Anwar

Bursa Malaysia opened lower on Thursday, extending Wednesday's selling activities in most indices, following a mixed performance on Wall Street overnight, a dealer said.&nbsp;

Bursa opens lower following mixed performance on Wall Street

Nvidia Corp chief executive officer Jensen Huang, who runs the semiconductor industry’s most valuable company, said the US is as much as 20 years away from breaking its dependence on overseas chipmaking.

Nvidia CEO says US will take years to achieve chip independence

TA Securities sees a positive outlook for Malaysia Airports Holdings Bhd (MAHB), against the backdrop of the pending signing of a new operation agreement (OA) and the announcement of the new passenger service charge (PSC) for 2024, and the impairment of receivables comprising mainly RM27.4 million from MyAirline&nbsp;suspension. &nbsp;

TA Securities upgrades MAHB to 'hold', raises target price amid strong recovery prospects

The ringgit opened lower against the US dollar on Thursday, as the greenback climbed, after data showed that the US economy grew faster in the third quarter, amid rising concerns of an early US interest rate cut, said an analyst.

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