MONEY MASTER

KUALA LUMPUR (Aug 30): The FBM KLCI rose 16.96 points or 1.06% today to close at its intraday high as news on US and China's willingness to continue trade negotiations buoyed world markets. At 5pm, the KLCI closed up at 1,612.14 points amid broad-based buying across Bursa Malaysia. All Bursa indices closed in positive territory save for the ACE Market gauge. Malacca Securities Sdn Bhd senior analyst Kenneth Leong said the KLCI rose on US-China trade optimism and as investors bargain hunted for selected KLCI stocks on August's final trading day today. Today also marks the conclusion of the Malaysian corporate financial reporting season for the April-to-June quarter. At a glance today, Bursa top gainers included KLCI components Petronas Dagangan Bhd, Hong Leong Financial Group Bhd and Kuala Lumpur Kepong Bhd.    “The sharp uptick on the key index (KLCI) was also in line with the positive sentiment across its regional peers," Leong told theedge...

KUALA LUMPUR (Aug 29): The FBM KLCI closed up 5.36 points or 0.34% today on bargain hunting and as foreign selling of Malaysian stocks appeared to have tapered off amid more optimistic corporate financial announcements during the current reporting season. At 5pm, the KLCI closed up at 1,595.18, led by top percentage gainer IOI Corp Bhd, to snap three consecutive days of losses. Today, the KLCI finished higher after falling to its intraday low at 1,584.83 as world recession concerns amid intensifying US-China trade war and the spectre of a no-deal Brexit affected sentiment. In Malaysia, Inter-Pacific Securities Sdn Bhd research head Pong Teng Siew told theedgemarkets.com that the unbroken spell of foreign selling appears to have tapered off after more optimistic corporate earnings were released. “The market seems to have also reversed into a gain with Dow Jones Industrial Average futures turning higher, providing a little tailwind. However we must not lose ...

KUALA LUMPUR (Aug 28): The FBM KLCI closed 1.02 points or 0.06% lower today after US recession fears led to apparent broad-based selling across Bursa Malaysia amid persistent US-China trade war concerns. At 5pm, the KLCI closed at 1,589.82 after falling to its intraday low at 1,585.66 in volatile trade when the index vacillated between gains and losses. The sharp afternoon rise in components Tenaga Nasional Bhd and MISC Bhd's share price mitigated the KLCI's drop. Bursa's index for small market capitalisation stocks closed down 77.26 points or 0.59% at 12,912.32. Reuters reported that a deepening of the inversion in the yield curve between the 2-year and 10-year US Treasuries underscored worries about a weakening global economy.    In Malaysia, Hong Leong Investment Bank Bhd head of retail research Loui Low told theedgemarkets.com: “Market participants could be taking it as a sign of a potential slowdown in economic activities moving forward,...