Malaysia Stock Market May Find Traction On Thursday

RTTNews | 1006 दिनों पहले
Malaysia Stock Market May Find Traction On Thursday

(RTTNews) - The Malaysia stock market has moved lower in three straight sessions, sinking almost 15 points or 1 percent along the way. The Kuala Lumpur Composite Index now rests just above the 1,460-point plateau although it's due for support on Thursday.

The global forecast for the Asian markets is broadly positive on bargain hunting and expectations for solid earnings news. The European and U.S. markets were sharply higher and the Asian bourses figure to follow suit.

The KLCI finished slightly lower on Wednesday following losses from the plantations and a mixed picture from the financials and telecoms.

For the day, the index shed 4.77 points or 0.33 percent to finish at 1,462.55 after trading between 1,458.82 and 1,469.42.

Among the actives, AMMB Holdings jumped 1.44 percent, while Axiata retreated 1.34 percent, CIMB Group dropped 0.52 percent, Dialog Group added 0.87 percent, Digi.com tanked 2.33 percent, Genting rose 0.23 percent, IHH Healthcare gained 0.68 percent, INARI and Kuala Lumpur Kepong both slumped 1.12 percent, IOI Corporation declined 1.79 percent, Maybank and Public Bank both advanced 0.92 percent, Maxis sank 0.53 percent, Petronas Chemicals stumbled 1.22 percent, PPB Group climbed 1.16 percent, Press Metal plummeted 4.05 percent, RHB Capital skidded 1.05 percent, Sime Darby tumbled 1.83 percent, Sime Darby Plantations shed 0.46 percent, Telekom Malaysia plunged 3.77 percent, Tenaga Nasional eased 0.11 percent and MRDIY, Genting Malaysia, MISC and Nestle were unchanged.

The lead from Wall Street is upbeat as the major averages opened higher on Wednesday and remained solidly in the green throughout the session.

The Dow surged 526.74 points or 1.60 percent to finish at 33,376.48, while the NASDAQ spiked 162.26 points or 1.54 percent to end at 10,709.37 and the S&P 500 jumped 56.82 points or 1.49 percent to close at 3,878.44.

The rally on Wall Street came as stocks continued to benefit from bargain hunting and upbeat earnings news from companies like Nike (NKE) and FedEx (FDX).

In economic news, the Conference Board reported a significant improvement in U.S. consumer confidence in December. But the National Association of Realtors noted a continued slump in U.S. existing home sales in November.

Crude oil prices rose sharply on Wednesday after data showed a larger than expected drop in U.S. crude inventories last week. West Texas Intermediate Crude oil futures for February ended higher by $2.06 at $78.29 a barrel.

read more
Bay Street Likely To Post New Highs

Bay Street Likely To Post New Highs

Canadian shares are likely to open on a firm note Tuesday morning with higher oil and bullion prices set to trigger buying in energy and materials sectors.
RTTNews | 1घंटे 45 मिनट पहले
Wall Street Likely To Open Flat

Wall Street Likely To Open Flat

Futures point to a somewhat flat start on Wall Street Tuesday morning. Data on manufacturing and services sector activity in the U.S. in the month of August, due after the opening bell, is likely to provide some direction to the market.
RTTNews | 2घंटे 24 मिनट पहले
Sweden Cuts Policy Rate By 25 Bps

Sweden Cuts Policy Rate By 25 Bps

Sweden's central bank cut its benchmark interest rate by 25 basis points in order to support economic recovery and signalled an end to the easing cycle. The executive board of the Riksbank decided to lower the policy rate by 25 basis points to 1.75 percent. The bank has reduced the rate by 200 basis points since it started policy easing in May 2024.
RTTNews | 2घंटे 30 मिनट पहले
FTSE 100 Flat; Kingfisher Soars On Higher Guidance

FTSE 100 Flat; Kingfisher Soars On Higher Guidance

U.K. stocks are turning in a mixed performance on Tuesday with investors digesting the flash data showing weak manufacturing and services sector activity in the month of September.
RTTNews | 3घंटे 23 मिनट पहले
Eurozone Private Sector Logs Strongest Growth In 16 Months

Eurozone Private Sector Logs Strongest Growth In 16 Months

The euro area private sector expanded the most in 16 months in September driven by the acceleration in services activity growth, flash survey results published by S&P Global revealed on Tuesday. At 51.2, the HCOB composite output index climbed slightly from August's 51.0 and was above forecast of 51.1. The index posted above the 50.0 no-change mark for the ninth straight month in September.
RTTNews | 3घंटे 33 मिनट पहले
CAC 40 Up 0.6%; STMicroElectronics Rises Sharply

CAC 40 Up 0.6%; STMicroElectronics Rises Sharply

Despite data showing a contraction in France's private sector activity in the month of September, French stocks are up firmly in positive territory Tuesday afternoon with data showing an acceleration in Eurozone private sector growth, and NVIDIA's plans to invest $100 billion in OpenAI aiding sentiment.
RTTNews | 3घंटे 50 मिनट पहले
Sensex, Nifty Recover From Early Lows

Sensex, Nifty Recover From Early Lows

Indian shares cut early losses to end on a flat note on Tuesday. While a weakening rupee, tariff worries and concerns regarding the latest H1-B visa fee change weighed on markets, Fed rate cut hopes, falling oil prices and reports of strong festive-season demand for automobiles helped limit overall losses in the broader market.
RTTNews | 4घंटे 9 मिनट पहले
DAX Modestly Higher Despite Paring Some Early Gains

DAX Modestly Higher Despite Paring Some Early Gains

German stocks hold on in positive territory Tuesday afternoon despite paring some early gains. Data showing an acceleration in Germany's private sector activity in the month of September, and an increase in Eurozone service sector growth help underpin sentiment.
RTTNews | 4घंटे 12 मिनट पहले