Bursa Malaysia hits a more-than-seven-year high by midday, led by three key sectors.
(KUALA LUMPUR, 26th) Malaysia’s stock market rallied strongly today, moving in tandem with gains in ...
(KUALA LUMPUR, 26th) Malaysia’s stock market rallied strongly today, moving in tandem with gains in the currency market. By the midday break, the FTSE Bursa Malaysia KLCI stood at 1,740.40 points, up 20.41 points or 1.18%, marking its highest level since Oct 10, 2018.
In the foreign-exchange market, the ringgit strengthened notably to 3.9695 against the U.S. dollar, appreciating by 1.00%. It also traded at 3.1267 versus the Singapore dollar.
Market breadth was positive in the morning session, with several sector indices rising by more than 1%. The financial services index gained 1.7%, while the construction and consumer indices advanced 1.3% and 1.1% respectively.
Technology stocks, however, came under pressure. The tech index fell 1.5%, largely due to the stronger ringgit. As part of the sector’s revenue is earned overseas, a firmer ringgit against the U.S. dollar can reduce foreign-exchange gains, weighing on some tech counters.
As of the midday break, trading volume reached 1.9583 billion shares with turnover of RM1.95086 billion. The market saw 467 gainers, 589 decliners, and 484 counters unchanged.
Kyrie Irving Declines $43M Option, Signs 3-Year, $119M Extension with Mavericks – Trio of No.1 Picks Aim for Title Run
Irving commits long-term to Dallas, joining forces with Anthony Davis and expected No.1 pick Cooper Flagg
Russia-Ukraine Fighting Intensifies: Can Trump’s Two-Week Countdown Deliver Peace?
As the Russia-Ukraine war escalates, U.S. President Donald Trump has once again introduced his “two-...
293 Banks Exit the Financial Arena in 2025: A Major Reshuffle in China’s Banking Landscape
Saying Goodbye: The Great Reshuffle of China’s Banking Sector In recent years, China’s banking indus...
Saudi Media Reports: Al-Nassr Considering Winter Transfer Move to Replace Bento with a New Goalkeeper or Defensive Midfielder
Saudi Media: Al-Nassr Plans Major Winter Overhaul — Goalkeeper and Midfield Under Review According t...
U.S. Layoff Wave Intensifies, Job Market Warning Lights Flash
A wave of layoffs is sweeping across corporate America. Starbucks, Amazon, and Target are among majo...
Behind the explosive rise of this app is a clear signal: the next stage of AI is shifting from simply chatting to actually getting things done.
In the past week, the AI app Lingguang (“Spark”) has skyrocketed in popularity. Launched on November...
Zhuque-3 Rocket Recovery Fails, China’s Commercial Space Ambitions Still Evolving
On December 3, LandSpace’s Zhuque-3 rocket successfully placed its second stage into orbit, but the ...
Ai Fukuhara Accused of Lying? Jiang Hongjie Posts Possible Snark at Ex-Wife, Netizens Question “100 Kisses a Day Was Acting?”
On December 29, Ai Fukuhara revealed in an interview that her marriage with Jiang Hongjie fell apart...
Lakers Unveil Pat Riley Statue: Who’s the Greatest Coach in Lakers History—Riley or Phil Jackson?
Today, the Los Angeles Lakers unveiled a statue honoring legendary coach Pat Riley, drawing congratu...
Off-Season Power Surge! Six NBL Stars Land in CBA, Reshaping the Title Race
Following the conclusion of the first phase of the CBA regular season, teams wasted no time launchin...
Quan Hongchan revealed she has been struggling with weight management and admitted that after the Paris Olympics, she once considered retiring, drawing widespread concern and empathy from fans.
(Beijing, March 31) Chinese diving star and Olympic gold medalist Quan Hongchan has, for the first t...