Latest news with #RosemarieKhoo
Barnama
4 days ago
- Business
- Barnama
Bursa Malaysia Lower At Opening, Tracking Wall Street Losses
By Rosemarie Khoo KUALA LUMPUR, June 6 (Bernama) -- Bursa Malaysia opened lower today, tracking the overnight losses on Wall Street, with sentiment affected by the ongoing spat between US President Donald Trump and businessman Elon Musk. At 9.10 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 2.78 points lower at 1,515.34 from Thursday's close of 1,518.12. The benchmark index opened at 1,516.91, less 1.21 points. Market breadth was negative, with decliners outpacing gainers 207 to 84. A total of 243 counters were unchanged, 1,812 untraded and 20 suspended. Turnover stood at 119.92 million units valued at RM70.92 million. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said all eyes were on China's President Xi Jinping-Trump's phone call, which was deemed 'very good' by Trump and that a meeting between the two may be held soon. On the flipside, the latest job data showed a slowing labour market as the US 10-year Treasury yield edged slightly higher at 4.39 per cent. Over in Hong Kong, the Hang Seng Index continued to climb as sentiment was boosted by China's purchasing managers' index (PMI) for May that beat consensus, allaying fears of an economic slowdown. On the home front, the FBM KLCI almost reached the 1,520 mark yesterday, possibly due to more aggressive stock accumulation by local institutions.
Barnama
05-05-2025
- Business
- Barnama
Bursa Malaysia Opens Marginally Lower, But Turns Higher Thereafter
By Rosemarie Khoo KUALA LUMPUR, May 5 (Bernama) -- Bursa Malaysia opened marginally lower but turned higher on Monday, buoyed by the positive sentiment of fund inflows by foreign investors throughout last week, analysts said. At 9.05 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) gained 1.84 points to 1,544.33 from last Friday's close of 1,542.49. The benchmark index was 0.71 of-a-point easier at 1,541.78 at the opening bell. Turnover stood at 123.73 million shares worth RM65.76 million. Market breadth was positive, with 233 gainers outnumbering 90 decliners, 244 counters were unchanged, 1,778 untraded, and 27 suspended. Rakuten Trade Sdn Bhd's equity research vice-president Thong Pak Leng said investors were heartened by the return of foreign buying, which had seen unprecedented outflows since the beginning of 2025. He said that with the local bourse closing above the 1,540 mark last week, the benchmark index may re-test the 1,600 mark soon. 'As such, we believe the index will trend within the 1,540-1,555 range today. It is also worthwhile to note that the ringgit has strengthened to RM4.26 per US dollar,' Thong told Bernama.
Barnama
26-04-2025
- Business
- Barnama
CPO Futures End Marginally Lower On Concerns Over Rising Output
24/04/2025 09:55 PM By Rosemarie Khoo KUALA LUMPUR, April 24 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed marginally lower today due to concerns over rising output in the coming weeks, said palm oil trader David Ng. 'We see support at RM3,950 per tonne and resistance at RM4,100 per tonne,' Ng told Bernama. Mumbai-based Sunvin Group commodity research head Anilkumar Bagani meanwhile said the easing buying momentum from key destinations, particularly India, also contributed to the softer market sentiment. 'Looking ahead, the market will be anticipating palm oil export data for April 1-25, as well as any potential revisions to Indonesia's palm oil export levy,' he said. At the close, the May 2025 contract eased RM7 to RM4,135 per tonne, June 2025 was flat at RM4,076 per tonne, July 2025 fell RM1 to RM4,036 per tonne, while August 2025 was unchanged at RM4,026 per tonne. September 2025 gained RM3 to RM4,020 per tonne and October 2025 rose RM3 to RM4,014 per tonne. Trading volume tumbled to 64,921 lots from 95,905 lots on Wednesday, while open interest declined to 234,310 contracts from 235,722 contracts yesterday. The physical CPO price for May South remained at RM4,200 per tonne.
Barnama
23-04-2025
- Business
- Barnama
Rubber Market Closes Mixed Tracking Regional Futures Markets
By Rosemarie Khoo KUALA LUMPUR, April 23 (Bernama) -- The Malaysian rubber market was mixed today in line with the performance of regional rubber futures markets, said a dealer. She said market sentiment was lifted by gains in oil prices and a weaker ringgit against the US dollar amid optimism around trade deals with the United States (US). Market players were relieved after US President Donald Trump softened his tone on the US Federal Reserve (Fed) and by the expectations of a de-escalation in trade tensions between the US and China. Nevertheless, further gains were capped by a clouded global economic outlook due to US tariffs and geopolitical tensions. At 3 pm, the Malaysian Rubber Board reported that the price of Standard Malaysian Rubber (SMR) 20 rose by 3.5 sen to 748.50 sen per kilogramme (kg) from Tuesday, while latex in bulk was down by 6.5 sen to 634.50 sen per kg yesterday. -- BERNAMA
