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Bursa Malaysia Closes Lower On Weaker US Data

By Kisho Kumari Sucedaram

KUALA LUMPUR, Oct 11 (Bernama) -- Bursa Malaysia ended the week lower, tracking Wall Street’s performance, as higher-than-expected inflation in the United States further diminished hopes for a jumbo US interest rate cut next month.

Bursa Malaysia Ends Morning Session Lower

KUALA LUMPUR, Oct 11 (Bernama) -- Bursa Malaysia ended the morning session lower as traders were seeking cues on the upcoming United States (US) Producer Price Index data to gauge the Federal Reserve’s future interest rate moves, said an analyst.

Top Glove’s Sales Growth Momentum To Sustain Into 2025 - RHB Research

KUALA LUMPUR, Oct 11 (Bernama) -- Top Glove Corporation Bhd’s sales volume growth momentum is expected to be sustained into 2025 due to increased inventory restocking and potential shifts in trade caused by United States (US) tariffs on China, said RHB Research.

 

Public Bank, LPI Capital Shares Down Amid Proposed Acquisition Announcement

KUALA LUMPUR, Oct 11 (Bernama) -- The share prices of Public Bank Bhd and LPI Capital Bhd contracted following the news of the bank’s proposed acquisition of a 44.15 per cent stake in LPI Capital Bhd to provide a more comprehensive service offering.

FBM KLCI Opens Lower But Market Breadth Stays Positive

By Kisho Kumari Sucedaram

KUALA LUMPUR, Oct 11 (Bernama) -- Bursa Malaysia’s barometer index opened lower, in line with Wall Street’s weaker performance, as traders reacted negatively to September’s United States consumer price index figure, which came in higher than anticipated, said an analyst.

FBM KLCI Futures Open Mostly Lower

KUALA LUMPUR, Oct 11 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures were mostly lower in early trade today, tracking the underlying cash market. 

CPO Futures Continue Downtrend Amid Higher Stock Levels

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, Oct 10 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives continued their downtrend today to close mostly lower for the third consecutive day amid signs of higher stock levels in the country following the Malaysian Palm Oil Board’s (MPOB) September 2024 data release, a trader said. 

Bursa Malaysia Ends Higher On Bargain Hunting

By Kisho Kumari Sucedaram

KUALA LUMPUR, Oct 10 (Bernama) -- Bursa Malaysia managed to maintain its upbeat momentum to end higher today as bargain hunting emerged following the recent sell-off, an analyst said. 

Bursa Malaysia Stays Higher At Midafternoon

KUALA LUMPUR, Oct 10 (Bernama) -- Bursa Malaysia stayed higher at midafternoon with bargain hunting in select heavyweight stocks and mild selling in lower liners and smaller caps. 

Bursa Malaysia Maintains Uptrend At Midday

KUALA LUMPUR, Oct 10 (Bernama) -- Bursa Malaysia maintained its uptrend at midday, with the key index increasing by 0.48 per cent, lifted by buying interest in selected heavyweights amidst firmer performance in regional markets.

Hartalega To Benefit From Recently Announced US Tariffs Revision On Chinese Glove Makers

KUALA LUMPUR, Oct 10 (Bernama) -- Hartalega Holdings Bhd is expected to benefit from the recently announced upward United States (US) tariff revision on Chinese glove makers moving forward.

FBM KLCI Futures Mostly Higher In Early Trade

KUALA LUMPUR, Oct 10 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures were mostly higher in early trade today.