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Kha, Feb
721 ARTIKEL BARU

KUALA LUMPUR: Foreign funds were net buyers on Bursa Malaysia on Tuesday with net buying at RM61.4mil, according to BIMB Securities Research data.

It said on Wednesday local funds were net sellers at -RM28.6mil and retail net sellers also at -RM32.8mil.

“We expect the local market to remain positive today due to improved global sentiment with immediate resistance at 1,670,” it said.

BIMB Research said the FBM KLCI closed up 14.92 points on Tuesday to end at 1,662.51 with strong gained in banking and telco stocks.

Shares in Europe extended their gains for the third day as higher oil prices propped up the region’s energy companies.

Overnight on Wall Street, stocks ended mixed as a selloff in biotechnology and healthcare stocks overshadowed gains in energy and materials sectors.

The DJIA gained 0.08% to end at 16,790.19 while S&P500 fell 0.36% to 1,979.92.

In Asia, key indexes ended mostly higher following a Trans-Pacific Partnership Agreement deal.

-The Star Online

KUALA LUMPUR - The ringgit continued its uptrend momentum against the US dollar this morning on renewed risk appetite for the local note.

At 9 am, the ringgit was traded at 4.3720/3760 against the greenback from 4.3780/3835 at 5 pm Monday.

The positive sentiment for emerging currencies emerged following the release of weak US jobs data, which slashed the likelihood for interest rate increase in the US for this year.

Against other major currencies, the ringgit was traded mostly higher.

It

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Monday October 5. 

FUNDAMENTALS

* Malaysian palm oil futures fell on Friday after hitting a 15-month high earlier in the week as

buyers started looking at alternatives such as soybean oil. 

* U.S. wheat futures sank on Friday on a round of end-of-week profit taking after prices hit an

8-1/2 week high on Thursday, traders said. 

* Crude prices erased early losses to

KUALA LUMPUR:  Retail investors stepped up their buying on Bursa Malaysia on Wednesday, which was the last day for the third quarter, which saw  their net buying at RM26.9mil.

However, local institutions were net sellers at -RM18.7mil, according to BIMB Securities Research while foreign funds continued  to reduce their stakes with net selling at -RM8.2mil.

The FBM KLCI rose 17.72 points or 1.1% to 1,621.04, lifted mainly by plantation counters. 

"We expect the local market to remain volatile

KUALA LUMPUR - The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) opened higher today, in tandem with the positive overnight performance of Wall Street.

At 9.47 am, the key index rose 12.28 points to 1,659.87, after opening 11.39 points better at 1,658.98.

JF Apex Securities expects the FBM KLCI to test its critical resistance of 1,670 points today following the rally on Wall Street.

It said the US market surged over 1.5 per cent as last Friday's weaker jobs data could prompt the Federal

TOKYO: Asian stocks rose early on Monday after prospects of a near-term interest rate hike by the Federal Reserve ebbed in the wake of Friday's weaker-than-expected U.S. employment data.

Data released Friday showed U.S. non-farm payrolls rose by 142,000 in September, considerably lower than the 203,000 jobs the markets had expected.

The lackluster jobs report, which also showed a stall in U.S. hourly wage growth, fueled doubts that the world's largest economy was robust enough to withstand a

KUALA LUMPUR - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Wednesday September 30.

FUNDAMENTALS

* Malaysian palm oil futures surged for a sixth day in a row to new 15-month highs on Tuesday,

bolstered by bullish analyst forecasts, a weakening ringgit and expectations recent dry weather

and haze will curb crop output. 

* Chicago soybean and corn futures rebounded on Tuesday as traders covered short positions on

concerns that

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