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KUALA LUMPUR: Bursa Malaysia ended the first half of 2022 on a disappointing note as selling pressure picked up the pace while key Asian markets also closed lower. The bellwether FBM KLCI has so far this year lost 123.31 points or 7.86% from 1,567.53 on Dec 31, 2021. The index closed the final day of … Read More “Bursa ends 1H on a disappointing note, KLCI closes 7.26 points lower” »
KUALA LUMPUR: Malaysia’s banking system is well capitalized to support economic recovery, Bank Negara Malaysia (BNM) said. The central bank said there was a marginal increase in the capital ratio in May 2022, driven by valuation gains on financial instruments available for sale as bond yields were temporarily reduced during this period. “By the end … Read More “Malaysia’s banking system is well capitalized to support economic recovery” »
LONDON: OPEC+ enters the second and final day of meetings on Thursday, with sources saying the group is unlikely to make an imminent decision to pump more barrels into the market after August. At its last meeting in early June, OPEC+ decided to increase production by 648,000 barrels per day (bpd) each month in July … Read More “OPEC+ less likely to pump more oil” »
Mercer’s Renee McGowan discusses the results of her cost of living survey. Source link
Kuala Lumpur: AmInvest has launched the Sustainable Series – Health Fund, a long-term capital growth fund in line with AmBank Group’s transformational, long-term sustainability strategy. The fund will feed into Pictet – a health fund that invests in global companies such as digital diagnostics providers, physiotherapy services and health insurance companies – to capitalize on … Read More “AmInvest Launches Sustainable Series – Health Fund” »
Education remained the most popular category for Chinese consumer planned spending, according to a survey by the People’s Bank of China in the second quarter of 2022. China news service | China news service | Getty Images BEIJING – Chinese consumers’ propensity to save is at its highest in the last two decades, the People’s … Read More “Chinese plans to bail out hit a record in the second quarter; worries about work increase” »
KUALA LUMPUR: Despite a regional decline in FBM KLCI prices, prices were higher in the afternoon as the market headed towards a disappointing end to the second quarter. The major index closed 7.81 points higher at 1,459.29 at 12.30 pm. 375 declined against 303 gainers for negative market expansion. Trading volume was 1.11 billion shares, … Read More “FBM KLCI raises on final day of disappointing 2Q” »
US stock index futures were slightly lower on Thursday morning as the S&P 500 prepares to end its worst first half of decades. Futures contracts linked to the Dow Jones Industrial Average lost 0.23% or 71 points. S&P 500 futures fell 0.29%, while Nasdaq 100 futures fell 0.33%. On occasion regular trade the Dow advanced … Read More “Stock futures fall as the S&P 500 tracks the worst first half of the year since 1970” »
KUALA LUMPUR: Ringgit extended its decline against the US dollar this morning on a stronger US dollar index (DXY), as United States (US) Federal Reserve Chairman Jerome Powell reiterated his stance to halt interest rate hikes. Rising inflation, said an analyst. At 9 am, the local currency closed yesterday at 4.3980/4010 against the greenback at … Read More “Ringgit opens at lower levels due to US Fed’s aggressive stance” »
KUALA LUMPUR: Domestic markets opened mostly flat on Thursday, tracking overnight performance on Wall Street as investors opted to stay on edge amid bearish sentiment. At 9.05 am, the FBM KLCI was up 0.95 points at 1,452.43. 118 declined compared to 97 recipients. Trading volume was 120.09 million shares for a value of RM66.01mil. According … Read More “Slight change in domestic market amid uncertainty” »
