Malaysia Stock Market Tipped To Open In The Green

RTTNews | Pred 14 dňami
Malaysia Stock Market Tipped To Open In The Green

(RTTNews) - The Malaysia stock market has moved lower in back-to-back sessions, slipping almost 10 points or 0.7 percent in that span. The Kuala Lumpur Composite Index now sits just above the 1,525-point plateau although it's due for support on Wednesday.

The global forecast for the Asian markets is upbeat on easing tariff and trade war concerns. The European markets were mixed and the U.S. bourses were sharply higher and the Asian markets figure to split the difference.

The KLCI finished modestly lower on Tuesday as losses from the financial shares and telecoms were mitigated by support from the plantation stocks.

For the day, the index shed 8.14 points or 0.53 percent to finish at 1,526.16 after trading between 1,521.93 and 1,535.41.

Among the actives, 99 Speed Mart Retail was down 0.47 percent, while Axiata jumped 1.50 percent, Celcomdigi and PPB Group both dropped 0.52 percent, CIMB Group retreated 0.86 percent, Gamuda added 0.22 percent, IHH Healthcare eased 0.14 percent, IOI Corporation climbed 1.09 percent, Kuala Lumpur Kepong soared 2.83 percent, Maxis plunged 3.49 percent, Maybank declined 0.71 percent, MISC shed 0.27 percent, MRDIY tumbled 1.25 percent, Nestle Malaysia rallied 2.39 percent, Petronas Dagangan surged 3.66 percent, Petronas Gas perked 0.11 percent, Public Bank slumped 0.68 percent, QL Resources lost 0.22 percent, RHB Bank sank 0.44 percent, Sime Darby plummeted 12.62 percent, SD Guthrie fell 0.21 percent, Telekom Malaysia skidded 0.58 percent, YTL Corporation stumbled 2.19 percent, YTL Power tanked 3.40 percent and Petronas Chemicals, Press Metal, Sunway and Tenaga Nasional were unchanged.

The lead from Wall Street is broadly positive as the major averages opened in the green and continued to accelerate as the day progressed.

The Dow spiked 740.58 points or 1.78 percent to finish at 42,343.65, while the NASDAQ surged 461.96 points or 2.47 percent to close at 19,199.16 and the S&P 500 jumped 118.72 points or 2.05 percent to end at 5,921.54.

The rally on Wall Street came after President Donald Trump announced he is delaying a threatened 50 percent tariff on imports from the European Union.

The move by Trump came as analysts previously suggested the threatened tariff on the EU was just a negotiating tactic and not where the eventual rate will wind up.

Positive sentiment was also generated in reaction to a report released by the Conference Board showing a substantial improvement by U.S. consumer confidence in the month of May.

Crude oil prices slumped on Tuesday on continuing concerns that OPEC may boost output at its meeting later today. West Texas Intermediate crude for June delivery dropped 0.65 or 1 percent to $64.09 per barrel.

read more
Sensex, Nifty Marginally Higher In Lackluster Trade

Sensex, Nifty Marginally Higher In Lackluster Trade

Indian shares were marginally higher on Wednesday after top U.S. and Chinese officials agreed on a "framework" to move forward on trade, following two days of high-level talks in London.
RTTNews | Pred 3 h 20 min
Australian Market Trims Early Gains In Mid-market

Australian Market Trims Early Gains In Mid-market

The Australian market is trimming its early gains in mid-market moves on Wednesday, but extending the gains in the previous session, with the benchmark S&P/ASX 200 moving above the 8,600 level to fresh all-time highs, following the positive cues from Wall Street overnight, with gains in iron ore miners, energy and financial stocks partially offset by weakness in gold miners and technology stocks.
RTTNews | Pred 4 h 21 min
Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Wednesday, following the broadly positive cues from Wall Street overnight, amid easing trade war tensions after top U.S. and Chinese officials agreed upon a "framework" to move forward on trade, following two days of high-level talks in London. The framework will first need to be approved by leaders in Washington and Beijing.
RTTNews | Pred 4 h 46 min
Sensex, Nifty Set For Muted Start

Sensex, Nifty Set For Muted Start

Indian shares are seen opening little changed on Wednesday despite top U.S. and Chinese officials agreeing on a "framework" to move forward on trade, following two days of high-level talks in London.
RTTNews | Pred 5 h 15 min
Thai Bourse May Extend Tuesday's Gains

Thai Bourse May Extend Tuesday's Gains

The Thai stock market on Tuesday ended the two-day slide in which it had slipped more than 5 points or 0.4 percent. The Stock Exchange of Thailand now rests just beneath the 1,140-point plateau and it may tick higher again on Wednesday.
RTTNews | Pred 5 h 46 min
Japanese Market Modestly Higher

Japanese Market Modestly Higher

The Japanese stock market is trading modestly higher on Wednesday, extending the gains in the previous three sessions, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving above the 38,300 level, with gains across most sectors led by index heavyweights and technology stocks. Financial stocks are a weak spot.
RTTNews | Pred 6 h 12 min
Indonesia Shares May Open To The Upside

Indonesia Shares May Open To The Upside

The Indonesia stock market has moved higher in three straight sessions, gathering almost 190 points or 2.7 percent along the way. The Jakarta Composite Index now rests just above the 7,230-point plateau and it's looking at a firm lead again for Wednesday's trade.
RTTNews | Pred 6 h 16 min