Malaysia Bourse Due For Profit Taking

RTTNews | 86日前

(RTTNews) - The Malaysia stock market has moved higher in four straight sessions, gathering more than 35 points or 2.2 percent in that span. The Kuala Lumpur Composite Index now sits just above the 1,520-point plateau although investors may lock in gains on Tuesday. The global forecast for the Asian markets is mixed with a touch of upside amidst a lack of catalysts. The European markets were up slightly and the U.S. bourses were mixed and little changed and the Asian markets figure to split the difference. The KLCI finished modestly higher on Monday as gains from the financial shares and telecoms were capped by weakness from the plantations. For the day, the index climbed 12.39 points or 0.82 percent to finish at the daily high of 1,521.59 after trading as low as 1,511.48. Among the actives, Axiata increased 0.99 percent, while Celcomdigi was up 0.27 percent, Gamuda accelerated 1.75 percent, IHH Healthcare and Tenaga Nasional both perked 0.29 percent, IOI Corporation sank 0.82 percent, Kuala Lumpur Kepong gained 0.71 percent, Maxis improved 1.10 percent, Maybank collected 1.22 percent, MISC jumped 1.66 percent, MRDIY lost 0.61 percent, Nestle Malaysia gathered 0.47 percent, Petronas Chemicals rallied 1.45 percent, Petronas Dagangan eased 0.11 percent, PPB Group slid 0.33 percent, Press Metal climbed 1.24 percent, Public Bank soared 2.06 percent, QL Resources surged 2.11 percent, RHB Bank spiked 1.84 percent, Sime Darby fell 0.48 percent, SD Guthrie shed 0.64 percent, Sunway picked up 0.22 percent, Telekom Malaysia added 0.88 percent, YTL Corporation rose 0.53 percent, YTL Power advanced 1.20 percent and 99 Speed Mart Retail, CIMB Group and Hong Leong Financial were unchanged.

The lead from Wall Street suggests little movement as the major averages opened higher on Monday, slumped mid-session but rallied to finish mixed and little changed.

The Dow advanced 114.09 points or 0.28 percent to finish at 40,227.59, while the NASDAQ eased 16.81 points or 0.10 percent to close at 17,366.13 and the S&P 500 perked 3.54 points or 0.06 percent to end at 5,528.75.

The choppy trading on Wall Street came as traders seemed reluctant to make significant moves as they look ahead to the release of key earnings and economic news in the coming days.

Quarterly results are due from the likes of Amazon (AMZN), Apple (AAPL), Meta Platforms (META) and Microsoft (MSFT), Coca-Cola (KO), Visa (V), Eli Lilly (LLY), Chevron (CVX) and Exxon Mobil (XOM).

The Labor Department's monthly jobs report is also likely to be in focus later this week along with the Federal Reserve's preferred readings on consumer price inflation.

Crude oil prices continued to slump on concerns over tariff threats and their likely impact on the global economy. West Texas Intermediate crude for June delivery was down $115 or 1.82 percent to $61.87 per barrel.

Japan Producer Prices Ease To 3.2% On Year In June

Producer prices in Japan were up 3.2 percent on year in June, the Bank of Japan said on Friday.

RTTNews | 23分前

Rally May Stall For Singapore Stock Market

The Singapore stock market has moved higher in 14 straight sessions, improving more than 250 points or 6.2 percent along the way. The Straits Times Index now rests just above the 4,270-point plateau although it's overdue for consolidation on Friday.

RTTNews | 29分前

Tokyo Inflation Slows To 2.9% Annually In July

Overall consumer prices in the Tokyo region of Japan were up 2.9 percent on year in July, the Ministry of Internal Affairs and Communications said on Friday.

RTTNews | 49分前

Canadian Stocks Decline Amid Trade Uncertainty, Profit-Taking

Canadian stock market retreated from record highs on Thursday as investors opted for profit-taking amid ongoing talks with the U.S. for tariff finalization moving without a breakthrough. After opening just below Wednesday's close, the benchmark S&P/TSX Composite Index, slid for a while but managed to rise and hit an intra-day high of 27,479.01 before noon. However, unable to hold on the momentum, it slid down for the rest of the trading session to finally settle at 27,372.26, down by 44.15 or 0.16 percent. As countries are pacing up their efforts to secure a trade agreement with the U.S. with the deadline for "reciprocal tariffs" suspension period close by, Canadian diplomats are seriously negotiating with their US counterparts for a beneficial agreement. Accusing Canada of failing to check illicit drug entry into the U.S. via US-Canadian borders, U.S. President Donald Trump has threatened to slam Canada with 35 percent levies on top of the already-existing tariffs. Trump has already imposed a 25 percent blanket tariffs on certain Canadian imports and a 50 percent levy on aluminum and steel. Stakes for Canada are high in this trade war as 75 percent of Canadian exports are primarily directed to the U.S. PM Mark Carney has reiterated that Canada cannot settle for a "bad deal" by ignoring what it costs to Canadian economy. While bilateral talks continue, Carney has also stepped up measures to find ways to cut budgetary spends massively to rebuild the economy. He has encouraged the ministers and business houses to find marketplaces outside of U.S. for Canadian exports. Data released by Statistics Canada revealed that retail sales in Canada bounced back by around 1.6 percent in June, month-on-month. Retail sales increased 4.90 percent in May 2025 compared to May 2024, year-on-year. Meanwhile, retail turnover fell by 1.1 percent from May. Results of Business Outlook Survey by BoC released last week revealed that business owners are less pessimistic about a recession now than they were a year prior. As employment data revealed gain in jobs and a decline in the jobless rates days before, expectations are slim that Bank of Canada will make any changes in the lending rates in their announcement scheduled for July 30. Major sectors that gained in Thursday's trading were real estate (1.06 percent), energy (0.95 percent), healthcare (0.89 percent), and consumer staples (0.48 percent). Among the individual stocks, Colliers International Group Inc (1.76 percent), Vermillion Energy Inc (3.40 percent), Athabasca Oil Corp (2.99 percent), and Bausch Health Companies Inc (2.44 percent) were the prominent gainers. Major sectors that lost were financials, IT, consumer discretionary and materials. Among the individual stocks, Blackberry Ltd (3.05 percent), Bitfarms Ltd (2.87 percent), Orla Mining Ltd (14.36 percent), and Teck Resources Ltd (8.67 percent) were the notable losers. Firstservice Corp (8.89 percent), Energy Fuels Inc (5.52 percent), and Whitecap Resources Inc (5.89 percent) were among the prime market-moving stocks.

RTTNews | 53分前

Malaysia Bourse May Spin Its Wheels On Friday

The Malaysia stock market has moved higher in two straight sessions, gathering more than 20 points or 1.3 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,540-point plateau although it may be stuck in neutral on Friday.

RTTNews | 59分前