Kha, Feb

KUALA LUMPUR: The fall in crude oil prices weighed on Petronas-linked stocks in late Thursday morning trade, as the FBM KLCI shed nearly two points.

At 11.02am, the KLCI was down 1.90 points or 0.11% to 1,727.63. Turnover was 608.31 million shares valued at RM407.38mil. There were 258 gainers, 308 losers and 298 counters unchanged.

Oil prices held steady in early Asian trade on Thursday, with US crude trading below US$50 a barrel near its lowest in more than three months as rising US stockpiles and a strong dollar weighed on the commodity, Reuters reported.

US crude for September delivery was 11 cents higher at US$49.30 after dropping US$1.67 on Wednesday to settle below US$50 for the first time since April. Brent crude was trading two cents lower at US$56.11 a barrel, after settling down 91 cents.

Petronas Gas fell 22 sen to RM21.56, Petronas Chemicals lost 10 sen to RM6.48 and Petronas Dagangan eight sen lower at RM20.56.

Among finance and banks. HLFG fell 20 sen to RM15.56 and RHB Cap eight sen lower at RM7.46.

-The Star Online

HONG KONG: Asian shares dipped on Thursday following Wall Street's decline overnight and lacklustre regional data while the greenback consolidated gains on the back of upbeat U.S. economic news.

South Korea's economy recorded its weakest expansion in six years in the second quarter, battered by a deadly virus outbreak and poor exports, while Japan reported strengthening export growth in June but concern remained about how shipments to China might be affected by its slowing economy.

The MSCI's

KUALA LUMPUR: BIMB Securities Research expects the Malaysian stock market to remain lacklustre on Thursday and the FBM KLCI’s immediate resistance at 1,735.

On Wednesday, the KLCI closed down 6.66 points at 1,729.53 dragged down by plantations heavyweights like KL Kepong and Sime Darby.

“Foreign investors continue to be net seller yesterday at RM184mil, bringing the net outflow for the week to RM401mil,” it said.

Overnight on Wall Street, BIMB Research said investors were taking profit

KUALA LUMPUR, July 22 (Bernama) -- Bursa Malaysia opened lower in lackluster trading amid lingering external concerns, dealers said.

At 9.15 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 5.6 points easier at 1,730.59 after opening 5.07 points lower at 1,731.12.

A dealer said market sentiment was expected to remain weak pending more positive local catalysts to lift stocks from the current cautious mode.

Losers edged gainers 152 to 141 while 169 counters were unchanged, 1,348

KUALA LUMPUR: The ringgit opened lower against the US dollar in early trade Thursday on subdued buying support for the local note.

At 9.15 am, the ringgit was quoted at 3.8060/8080 against the greenback from 3.7915/7945 recorded at 5 pm yesterday.

Against other major currencies, the ringgit was also traded lower. 

It depreciated versus the Singapore dollar to 2.7836/7861 from 2.7803/7829 on Wednesday and fell against the yen to 3.0664/0692 from 3.0636/0665.

The ringgit was also lower

TOKYO: Asian shares slipped early on Thursday after disappointing earnings from tech giants weighed on Wall Street, while the dollar rebounded on the back of upbeat U.S. economic data.

MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.2 percent.

Tokyo's Nikkei rose 0.4 percent on a weaker yen, while Australian shares <.AXJO> were flat 0.2 percent.

The Dow shed 0.4 percent and Nasdaq lost 0.7 percent overnight after poor results from tech sector leaders like

KUALA LUMPUR: Blue chips fell in early Wednesday trade, with the FBM KLCI giving up about half of its 12 points gain the previous day as investor sentiment was dented by the overnight fall on Wall Street.

At 9.06am, the KLCI was down 5.38 points or 0.31% to 1,730.81. Turnover was 120.59 million shares valued at RM163.86mil. There were 118 gainers, 129 losers and 151 counters unchanged.

Asian stocks got off to a bumpy start after earnings dragged down US equities, while the dollar edged away

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