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Bursa Malaysia Trims Losses To Open Higher, Tracking Wall Street Cues

By Danni Haizal Danial Donald

KUALA LUMPUR, May 29 (Bernama) -- Bursa Malaysia pared yesterday’s losses to open higher on Friday, tracking overnight gains on Wall Street as investor sentiment improved amid easing geopolitical tensions between the United States and Iran.

Ringgit Opens Higher Against US Dollar On Improved Sentiment

By Karina Imran

KUALA LUMPUR, May 29 (Bernama) -- The ringgit opened higher against the greenback on Friday amid news about the possible United States-Iran truce, which is expected to have a positive impact on the local note, said an analyst. 

KLCI Futures End Lower

KUALA LUMPUR, May 26 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures on Bursa Malaysia Derivatives ended lower today in line with the underlying cash market’s performance.

Ringgit Closes Lower Against US Dollar Amid Heightened West Asia Tensions

By Rosemarie Khoo Mohd Sani

KUALA LUMPUR, May 26 (Bernama) -- The ringgit closed lower against the US dollar on Tuesday, pressured by external developments following reports of United States and Israeli attacks on Iranian vessels in the Strait of Hormuz, which dampened regional market sentiment.

Bursa Malaysia Closes Lower Ahead Of Holiday Period

By Danni Haizal Danial Donald

KUALA LUMPUR, May 26 (Bernama) -- Bursa Malaysia closed lower on Tuesday, as investors squared off positions ahead of the long holiday period amid heightened tensions between the United States and Iran.

Ringgit Opens Slightly Higher Against US Dollar Amid US-Iran Negotiations

By Karina Imran

KUALA LUMPUR, May 26 (Bernama) --  The ringgit opened marginally higher against the greenback and other major currencies on Tuesday, amid negotiations between the United States (US) and Iran that could end the conflict and lead to the reopening of the Straits of Hormuz.

Petronas Confirms Incident At FSO Sepat, Says Investigation Ongoing

KUALA LUMPUR, May 25 (Bernama) -- Petroliam Nasional Bhd (Petronas) confirmed that an incident occurred at approximately 12.50 pm yesterday during lifeboat maintenance work at the Floating Storage and Offloading (FSO) vessel Sepat at the Sepat field off Terengganu, in offshore East Coast Peninsular Malaysia.

Gold Futures Close Lower On Stronger US Dollar, Fed Rate-hike Bets

KUALA LUMPUR, May 22 (Bernama) -- Gold futures on Bursa Malaysia Derivatives closed lower today, tracking weaker performance in the United States COMEX market as the US dollar strengthened on higher crude oil prices which raised expectations for interest rate hikes by the US Federal Reserve.

Ringgit Ends Three-day Rally Against US Dollar Amid Geopolitical Concerns

By Harizah Hanim Mohamed

KUALA LUMPUR, May 22  (Bernama) -- The ringgit retreated against the US dollar on Friday, ending a three-day winning streak as investors focused on geopolitical tensions and the increasingly hawkish stance adopted by central banks globally.

KLCI Futures Close Higher

KUALA LUMPUR, May 22 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures on Bursa Malaysia Derivatives closed higher today, in line with the underlying cash market’s performance. 

Bursa Malaysia Ends Higher On Bargain Hunting

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, May 22 (Bernama) -- Bursa Malaysia ended higher on Friday as bargain hunting resurfaced following several weak trading sessions. 

Chinese Company Strengthens Perak’s Automotive Industry With RM160 Mln Investment - Saarani

IPOH, May 22 (Bernama) -- Chinese automotive component manufacturer Yantai Yatong Precision Mechanical Corporation is investing RM160 million to set up a new factory in Perak, further strengthening the state’s position as a growing automotive industry hub.