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Bursa Malaysia reverses yesterday’s gains to open lower

KUALA LUMPUR: Bursa Malaysia reversed yesterday’s gains to open lower due to cautious market sentiment ahead of the Budget 2021 announcement later today. At 9.05am, the benchmark index FTSE Bursa Malaysia KLCI (FBM KLCI) fell 1.84 points to 1,499.65 after

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Bursa Malaysia opens higher on overnight wall street rebound

KUALA LUMPUR: Bursa Malaysia clawed back from yesterday’s losses to open higher today after US stocks booked sharp gains overnight, said an analyst. As at 9.05am, the benchmark index FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.23 points to 1,470.69

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Bursa Malaysia opens lower

KUALA LUMPUR: Bursa Malaysia opened lower on lack of buying interest due to the absence of any positive catalysts, said an analyst. As at 9.05am, the benchmark index FTSE Bursa Malaysia KLCI (FBM KLCI) erased 4.31 points to 1,462.58 after

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Bursa Malaysia, Asian peers higher ar opening on US stimulus optimism

KUALA LUMPUR: Bursa Malaysia opened higher on Monday, in line with its regional peers amid optimism on the US stimulus talks. At 9.02 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.17 points, or 0.27 per cent, to

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KLCI bucks regional downtrend at opening as bargain-hunting kicks in

KUALA LUMPUR: Bursa Malaysia has bucked the regional downtrend to open firmer today, as bargain-hunting emerged following the recent losses. At 9.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.55 points, or 0.30 per cent to 1,518.50 from

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Bursa Malaysia snaps 4-day winning streak to open easier

KUALA LUMPUR: Bursa Malaysia snapped its four-day winning streak last week to open easier today, tracking the US stock indices which ended sharply lower last Friday. At the 9.05 am, key index FTSE Bursa Malaysia KLCI (FBM KLCI) lost 19.55

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BHB’s net profit increase to RM 786.92 mln last year compared to 2018

KUALA LUMPUR: BIMB Holdings Bhd’s (BHB) net profit rose to RM786.92 million in its financial year ended Dec 31, 2019 (FY19) versus RM682.06 million in the preceding year. Revenue increased to RM5.38 billion from RM4.52 billion previously, it said, in

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RHB Bank profits soar to RM2.48 bil last year compared to 2018

KUALA LUMPUR: RHB Bank Bhd’s net profit jumped 7.7% to RM2.48 billion, for the financial year ended Dec 31, 2019, compared with RM2.31 billion in the year before. The better performance was mainly due to higher net income, lower expected

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Pos Malaysia recorded lower revenue of RM1.68 billion

KUALA LUMPUR: Pos Malaysia Bhd recorded a lower revenue of RM1.68 billion for the nine months of its financial period ended Dec 31, 2019, from RM1.76 billion in the preceding year. Net loss widened to RM215.58 million from RM24.64 million,

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Bursa Malaysia to establish a subsidiary to take over regulatory functions

KUALA LUMPUR: Bursa Malaysia Bhd will establish a wholly-owned subsidiary to assume the regulatory functions currently undertaken by Bursa Malaysia (Bursa RegSub). The Securities Commission Malaysia (SC) and Bursa Malaysia, in a joint statement yesterday, said both of them have

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