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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 resulting in DJIA shedding 68.25 points to close at 17,851.04, exacerbated by some earnings disappointments.

In Europe, markets were red across the board attributed to the weaker performance in the US. In earlier trade, Asia markets were generally lower following the poorer-than-expected performance in US and Eurozone.

Japan’s Nikkei ended its winning streak to close 1.2% lower on Wall Street losses and resignation news of Toshiba CEO.

-The Star Online.

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

KUALA LUMPUR: Maybank Investment Bank Research sees the potential crystallisation of a few long anticipated major construction projects in Sarawak could generate massive construction works.

It said on Tuesday these include the RM15bil Pan Borneo Sarawak Highway that finally kicked off officially recently.

The RM9bil Baleh hydroelectric power project could also take-off soon, for new energy supply is vital to attract new investments into Sarawak.

As for the long delayed Kuching Centralised

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: Blue chips edged higher in early  Wednesday trade as investor sentiment was seen to be firmer after foreign funds turned net buyers as CIMB Equities Research maintains its end-2015 KLCI target of 1,800.

At 9.09am, the KLCI was up 1.71 points or 0.1% to 1,722.81. Turnover was 68.87 million shares valued at RM32mil. There were 148 gainers, 85 losers and 133 counters unchanged.

On the external front, Reuters reported Asian stocks inched cautiously higher on Wednesday, taking their

KUALA LUMPUR: BIMB Securities Research expects the local market to remain positive on Tuesday following improved investor sentiment and attractive valuations.

It said the immediate resistance for the FBM KLCI to be at 1,725 to 1,730 after it closed marginally higher on Monday.

On Monday, trading participation saw net selling by foreign institutions and local retail while local institutions were net buyers.

Foreign funds were net sellers at –RM85.4mil and retail investors also net sellers at

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