KUALA LUMPUR: Hopes of luring back global investors to a battered stock market are dimming by the day for the government.
“Malaysia will likely disappoint over the next year because since the new government came in power in May 2018, it has been lowering public debt with fiscal tightening,” said Alan Richardson, a regional fund manager at Samsung Asset in Hong Kong.Euphoria about Malaysian stocks has faded after almost one year since Dr Mahathir Mohamad’s surprise election victory in May, as the new administration struggled to clean up government inefficiencies and corruption.
Foreign investors have dumped Malaysian shares worth more than a net US$500 million so far in 2019, according to Bloomberg-compiled data.
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Bursa Malaysia falls to 52-week low | Malay MailKUALA LUMPUR, April 11 — Bursa Malaysia fell to a 52-week low today with 25 of the benchmark index’s heavyweight stocks in the red and Tenaga being the main drag. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) dropped 15.23 points to 1,624.23 from 1,639.46 yesterday. The index, which opened... Malaysia baharu!! Brace for lower growth. Infrastructure expenditures cut. Hospitality industry to nose dive. Manufacturing industries lay offs. Taxes up. Public disposable income depleted. Less consumer spending. Unemployment rampant. Recession.
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Bursa Malaysia ends lower for second straight day | Malay MailKUALA LUMPUR, April 10 — Bursa Malaysia ended lower for two consecutive days today amid selling in key heavyweights on risk aversion due to external factors. At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) went down 2.48 points to 1,639.46 from 1,641.94 yesterday, following losses in...
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Bursa Malaysia ends lower | Malay MailKUALA LUMPUR, April 9 — Bursa Malaysia ended today’s trading lower on selective selling in telecommunication and financial counters, amid weak buying in heavyweights. At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) dropped 2.41 points to 1.641.94, led by Maxis, Axiata, Public Bank and...
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Bursa Malaysia ends volatile week on firmer note | Malay MailKUALA LUMPUR, April 12 — Bursa Malaysia ended the week on a higher note after three consecutive days of losses, boosted by gains in heavyweights such as Tenaga, Axiata and Malaysia Airports. The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 5.94 points to 1,630.17 from...
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Bursa Malaysia set to stage technical rebound next week | Malay MailKUALA LUMPUR, April 13 ― Bursa Malaysia is likely to stage a technical rebound next week with the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) hovering at the 1,640 level. Phillip Capital Management Malaysia senior vice-president (investment) Datuk Dr Mohd Nazri Khan Adam Khan said foreign...
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Key heavyweights push Bursa lower at opening | Malay MailKUALA LUMPUR, April 11 — The FTSE Bursa Malaysia KLCI (FBM KLCI) were lower at early trade today, brought down by weak heavyweights — Tenaga, PetChem, Nestle and Dialog, despite the lower liners continued strength. At 9.15am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) index declined 3.12...
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Bursa continues retreat at mid-afternoon | Malay MailKUALA LUMPUR, April 10 — Bursa Malaysia was lower at mid-afternoon today on continuous selling in heavyweights, led by PetChem, Axiata, Malaysia Airports and Maybank. At 3pm, the key FTSE Bursa Malaysia KLCI (FBM KLCI) went down 4.77 points to 1,637.17 from 1.641.94 yesterday. The index opened...
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Bursa down at midday | Malay MailKUALA LUMPUR, April 10 — Bursa Malaysia ended the morning session lower on persistent selling in heavyweights, mainly PetChem, Axiata, Maxis and Malaysia Airports. At 12.30pm, the key FTSE Bursa Malaysia KLCI (FBM KLCI) losses widened by 4.69 points to 1,637.25 from 1.641.94 yesterday, after...
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Bursa deeper into the red at mid-afternoon | Malay MailKUALA LUMPUR, April 11 — Bursa Malaysia remained weaker at mid-afternoon today, weighed by losses in heavyweights led by Tenaga, Maxis and Axiata. At 3pm, the key FTSE Bursa Malaysia KLCI (FBM KLCI) lost 15.39 points to 1,624.07 from 1,639.46 yesterday’s close. The index opened 0.13 of-a-point...
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