Renewed Support Anticipated For Malaysia Shares

RTTNews | 577 dni temu
Renewed Support Anticipated For Malaysia Shares

(RTTNews) - The Malaysia stock market has alternated between positive and negative finishes through the last four trading days since the end of the four-day losing streak in which it had fallen more than a dozen points or 0.9 percent. The Kuala Lumpur Composite Index now sits just beneath the 1,440-point plateau although it figures to bounce higher again on Tuesday.

The global forecast for the Asian markets is upbeat on easing treasuries and ahead of key data later this week. The European and U.S. markets were up and the Asian markets figure to open in similar fashion.

The KLCI finished slightly lower on Monday following mixed performances from the financial shares, plantation stocks and telecoms.

For the day, the index dipped 2.70 points or 0.19 percent to finish at 1,439.20 after trading between 1,436.98 and 1,441.80.

Among the actives, Axiata tumbled 2.16 percent, while CIMB Group added 0.35 percent, Genting slumped 0.50 percent, Genting Malaysia and Petronas Gas both declined 0.82 percent, IHH Healthcare slipped 0.17 percent, IOI Corporation retreated 0.51 percent, Kuala Lumpur Kepong and Petronas Chemicals both fell 0.27 percent, Maxis slid 0.25 percent, Maybank sank 0.11 percent, MISC lost 0.28 percent, MRDIY rallied 1.34 percent, PPB Group stumbled 2.07 percent, Public Bank shed 0.48 percent, RHB Capital was down 0.18 percent, Sime Darby advanced 0.44 percent, Sime Darby Plantations jumped 1.41 percent, Telekom Malaysia dipped 0.20 percent, Tenaga Nasional eased 0.10 percent, Westports Holdings climbed 1.19 percent and Celcomdigi, Dialog Group and Press Metal were unchanged.

The lead from Wall Street is strong as the major averages opened higher on Monday and mostly improved as the day progressed, ending near session highs.

The Dow surged 511.37 points or 1.58 percent to finish at 32,928.96, while the NASDAQ rallied 146.47 points or 1.16 percent to end at 12,789.48 and the S&P 500 gained 49.45 points or 1.20 percent to close at 4,166.82.

The rebound on Wall Street reflected bargain hunting, with traders picking up stocks at reduced levels following last week's sell-off - which reflected ongoing concerns about the outlook for interest rates and concerns in the Middle East.

Meanwhile, traders continued to look ahead to the Federal Reserve's highly anticipated monetary policy announcement on Wednesday.

With the Fed widely expected to leave interest rates unchanged, traders will pay close attention to the accompanying statement for clues about the potential for further rate hikes.

Oil prices declined sharply Monday amid easing concerns about supply disruptions from the Middle East region. Investors are also looking ahead to the Federal Reserve's monetary policy announcement and the non-farm payroll data for October on Friday. West Texas Intermediate Crude oil futures for December slumped $3.23 or 3.8 percent at $82.31 a barrel.

read more
U.S. Dollar Falls After Tariff Ruling

U.S. Dollar Falls After Tariff Ruling

The U.S. dollar weakened against its major counterparts in the New York session on Thursday, as a federal court ruled against Trump's tariffs, dealing a blow to a key part of his economic agenda.
RTTNews | 2g 20 minut temu
U.S. Economic Shrinks Slightly Less Than Previously Estimated In Q1

U.S. Economic Shrinks Slightly Less Than Previously Estimated In Q1

A report released by the Commerce Department on Thursday showed the U.S. economy shrank by slightly less than previously estimated in the first quarter of 2025. The Commerce Department said real gross domestic product edged down by a revised 0.2 percent in the first quarter compared to the previously reported 0.3 percent dip. Economists had expected the modest decrease to be unrevised.
RTTNews | 7g 2 minut temu
U.S. Weekly Jobless Claims Climb More Than Expected To 240,000

U.S. Weekly Jobless Claims Climb More Than Expected To 240,000

First-time claims for U.S. unemployment benefits rose by more than expected in the week ended May 24th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims climbed to 240,000, an increase of 14,000 from the previous week's revised level of 226,000. Economists had expected jobless claims to inch up to 230,000.
RTTNews | 7g 5 minut temu
Hormel Foods Recalls 256K Pounds Of Canned Beef Stew Product

Hormel Foods Recalls 256K Pounds Of Canned Beef Stew Product

Hormel Foods Corp. is recalling around 256,185 pounds of canned beef stew product that may be contaminated with foreign material, specifically wood, according to the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS. The Tucker, Georgia-based branded food major's recall involves 20-oz. metal cans containing "Dinty Moore BEEF STEW" with "BEST BY FEB 2028".
RTTNews | 7g 39 minut temu
UK Vehicle Manufacturing Logs Weakest Start To Year Since 2009: SMMT

UK Vehicle Manufacturing Logs Weakest Start To Year Since 2009: SMMT

UK automotive manufacturing registered its weakest start to a year since 2009, the Society of Motor Manufacturers & Traders, or SMMT, said Thursday. Car and commercial vehicle production decreased 15.8 percent on a yearly basis to 59,203 units in April. Auto production fell to the lowest level for the month since 1952, excluding 2020 when the first Covid lockdown effectively saw manufacturing c
RTTNews | 8g 7 minut temu
Bay Street Looks Set To Start On Firm Note

Bay Street Looks Set To Start On Firm Note

Canadian shares look headed for a firm start on Thursday, with encouraging earnings by Royal Bank of Canada and Canadian Imperial Bank of Commerce, and a U.S. court ruling against U.S. President Donald Trump's sweeping tariff moves set to lift sentiment.
RTTNews | 8g 22 minut temu
U.S. Weekly Jobless Claims Rise More Than Expected

U.S. Weekly Jobless Claims Rise More Than Expected

First-time claims for U.S. unemployment benefits rose by more than expected in the week ended May 24th, according to a report released by the Labor Department on Thursday.
RTTNews | 8g 41 minut temu