Malaysia Stock Market May Extend Winning Streak

RTTNews | 714 dagar sedan
Malaysia Stock Market May Extend Winning Streak

(RTTNews) - The Malaysia stock market has moved higher in three straight sessions, rising more than 20 points or 1.3 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,435-point plateau and it may add to its winnings on Wednesday.

The global forecast for the Asian markets is positive on optimism over the outlook for interest rates and easing bond yields. The European and U.S. markets were up and the Asian bourses figure to open in similar fashion.

The KLCI finished sharply higher on Tuesday following gains from the financial shares, plantation stocks and telecoms.

For the day, the index climbed 17.91 points or 1.26 percent to finish at 1,435.17 after trading between 1,419.33 and 1,435.89.

Among the actives, Public Bank surged 2.48 percent, while CIMB Group soared 2.40 percent, Petronas Dagangan spiked 2.32 percent, Celcomdigi accelerated 2.12 percent, Petronas Chemicals rallied 1.81 percent, Press Metal jumped 1.70 percent, Dialog Group strengthened 1.43 percent, Axiata climbed 1.25 percent, Kuala Lumpur Kepong advanced 1.19 percent, Sime Darby Plantations improved 1.18 percent, AMMB Holdings increased 1.05 percent, IHH Healthcare added 1.03 percent, Maybank and Telekom Malaysia both gained 1.02 percent, Maxis rose 1.01 percent, RHB Bank collected 0.91 percent, PPB Group gathered 0.80 percent, MISC perked 0.70 percent, Westports Holdings sank 0.63 percent, IOI Corporation added 0.51 percent, Sime Dary gained 0.45 percent, Genting Malaysia advanced 0.41 percent, Petronas Gas was up 0.35 percent, Genting fell 0.25 percent and QL Resources, Mr. DYI and Tenaga Nasional were unchanged.

The lead from Wall Street is upbeat as the major averages opened higher on Tuesday and accelerated as the day progressed, although late profit taking saw them end well off session highs.

The Dow climbed 134.65 points or 0.40 percent to finish at 33,739.30, while the NASDAQ gained 78.60 points or 0.58 percent to close at 13,562.84 and the S&P 500 added 22.58 points or 0.52 percent to end at 4,358.24.

Despite concerns about the ongoing war in the Middle East, the mood on Wall Street was fairly positive as dovish comments from some Federal Reserve officials lowered expectations for further interest rate hikes and pushed down bond yields.

In economic news, the International Monetary Fund downgraded its global growth forecast for next year, saying the projections are weakest in decades, while the likelihood of a soft-landing has increased with growing divergences amid modestly easing inflationary pressures.

Crude oil prices fell on Tuesday as traders assessed the likely impact of potential supply disruptions due to the ongoing war in the Middle East. West Texas Intermediate Crude oil futures for November shed $0.41 or 0.5 percent at $85.97 a barrel.

read more
Australian Market Doubles Early Losses In Mid-market

Australian Market Doubles Early Losses In Mid-market

The Australian stock market is doubling its early losses in mid-market moves on Wednesday, snapping a three-session winning streak, with the benchmark S&P/ASX 200 falling below the 8,800 level, following the broadly negative cues from Wall Street overnight, with weakness in gold miners, financial and technology stocks partially offset by gains in iron ore miners and energy stocks.
RTTNews | 37 minuter sedan
Asian Markets Track Wall Street Lower

Asian Markets Track Wall Street Lower

Asian stock markets are mostly lower on Wednesday, following the negative cues from Wall Street overnight, amid rising ambiguity over the outlook for interest rates after US Fed Chair Jerome Powell gave little indication about the future path of interest rates. Renewed trade tensions with the United States and the escalating tensions in Europe and the Middle East are weighing on market sentiment.
RTTNews | 54 minuter sedan
Losing Streak May Continue For Thai Stock Market

Losing Streak May Continue For Thai Stock Market

The Thai stock market has moved lower in five straight sessions, shedding more than 35 points or 2.6 percent along the way. The Stock Exchange of Thailand now sits just above the 1,270-point plateau and it may take further damage again on Wednesday.
RTTNews | 2h 2minuter sedan
Japanese Market Modestly Lower

Japanese Market Modestly Lower

The Japanese stock market is modestly lower in post-holiday trading on Wednesday, reversing some of the gains in the previous session, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling below the 45,450 level, with a lack of direction leading to a mixed performance across most sectors.
RTTNews | 2h 27minuter sedan
Indonesia Stock Market May Be Stuck In Neutral On Wednesday

Indonesia Stock Market May Be Stuck In Neutral On Wednesday

The Indonesia stock market has alternated between positive and negative finishes through the last four trading days since the end of the seven-day winning streak in which it had surged almost 400 points or 5 percent. Now at a fresh record closing high, the Jakarta Composite Index sits just above the 8,125-point plateau although it's due for profit taking on Wednesday.
RTTNews | 2h 32minuter sedan
Lower Open Expected For Hong Kong Stock Market

Lower Open Expected For Hong Kong Stock Market

The Hong Kong stock market has finished lower in two straight sessions, shedding almost 400 points or 1.7 percent along the way. The Hang Seng Index now sits just beneath the 26,160-point plateau and it's tipped open under pressure again on Wednesday.
RTTNews | 2h 47minuter sedan
Australian Market Notably Lower

Australian Market Notably Lower

Australian shares are trading notably lower on Wednesday, snapping a three-session winning streak, with the benchmark S&P/ASX 200 falling below the 8,000 mark, following the broadly negative cues from Wall Street overnight, with weakness in gold miners, financial and technology stocks partially offset by gains in iron ore miners and energy stocks.
RTTNews | 2h 56minuter sedan