KUALA LUMPUR, Feb 10 (Bernama) -- Gains in Axiata, Tenaga Nasional, and Maybank helped Bursa Malaysia’s main index pare earlier losses, ending marginally lower amid the ongoing concerns about US inflation and President Donald Trump’s reciprocal tariff threat. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 0.96 of-a-point to 1,589.95 compared with last Friday’s close of 1,590.91. The benchmark index opened 3.26 points lower at 1,587.65 and moved between 1,584.20 and 1,590.49 during the session. The broader market remained negative, with losers outpacing gainers 589 to 366, while 503 counters were unchanged, 872 untraded and 22 suspended. Turnover improved to 3.0 billion units worth RM1.85 billion from 2.93 billion units valued at RM2.22 billion on Friday. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said investors have shifted their attention to smaller-cap stocks, partic...
The oil price continue to influence the global market, as it makes headline again.
After some stability in oil prices in recent days, the oil prices slipped again today and the market is reacting to it.
In late morning trading on Thursday, U.S stocks were lowered. Earlier in the day, weekly jobless claims data rose unexpectedly but the trend continued to point towards a strengthening and recovering labor market.labor market.
The data comes ahead of the comprehensive labor report for February on Friday. The report is expected to show an addition of 190,000 jobs, compared with 151,000 in January.
Brent crude LCOc1 rose 0.7 percent to $37.20 and is up about 35% from last month's lows. U.S. crude LCOc1 was up 1.1% at $35.03.
The ISM non-manufacturing PMI index slowed to 53.4 in February from 53.5 the month before, but came in above expectations of 53.2.
According to Reuters, as at 11:09 a.m. ET the Dow Jones industrial average was down 21.68 points, or 0.13%, at 16,877.64, the S&P 500 was down 2.18 points, or 0.11%, at 1,984.27 and the Nasdaq Composite was down 9.55 points, or 0.2%, at 4,693.88.
With a solid economic data coming out, the expectations that the Federal Reserve to remain on track in their interest rate hike this year will increase. The central bank meets next on March 15-16.
Reuters also bring us the number of advancing issues that outnumbered the decliners on the NYSE by 1,985 to 904. On the Nasdaq, 1,634 issues rose and 965 fell.
The S&P 500 index showed 8 new 52-week highs and one new low, while the Nasdaq recorded 28 new highs and 14 new lows.
After some stability in oil prices in recent days, the oil prices slipped again today and the market is reacting to it.
In late morning trading on Thursday, U.S stocks were lowered. Earlier in the day, weekly jobless claims data rose unexpectedly but the trend continued to point towards a strengthening and recovering labor market.labor market.
The data comes ahead of the comprehensive labor report for February on Friday. The report is expected to show an addition of 190,000 jobs, compared with 151,000 in January.
Brent crude LCOc1 rose 0.7 percent to $37.20 and is up about 35% from last month's lows. U.S. crude LCOc1 was up 1.1% at $35.03.
The ISM non-manufacturing PMI index slowed to 53.4 in February from 53.5 the month before, but came in above expectations of 53.2.
According to Reuters, as at 11:09 a.m. ET the Dow Jones industrial average was down 21.68 points, or 0.13%, at 16,877.64, the S&P 500 was down 2.18 points, or 0.11%, at 1,984.27 and the Nasdaq Composite was down 9.55 points, or 0.2%, at 4,693.88.
With a solid economic data coming out, the expectations that the Federal Reserve to remain on track in their interest rate hike this year will increase. The central bank meets next on March 15-16.
Reuters also bring us the number of advancing issues that outnumbered the decliners on the NYSE by 1,985 to 904. On the Nasdaq, 1,634 issues rose and 965 fell.
The S&P 500 index showed 8 new 52-week highs and one new low, while the Nasdaq recorded 28 new highs and 14 new lows.
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