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Brokerages cut forecasts for FBM KLCI
KUALA LUMPUR: Three broking houses, including ECM Libra Capital Sdn, cut their year-end targets for Malaysia's benchmark stock index, citing concerns over weaker-than-expected corporate earnings in the three months ended June 30. Kuala Lumpur-based ECM
Lack of investor support drags FBM KLCI
Share prices on Bursa Malaysia closed lower today on lack of investor support, a dealer said. At 5pm, the FBM KLCI lost 11.89 points to settle at 1,567.80 after opening 0.49 of a point higher at 1,580.18. OSK Head of Research Chris Eng said investor
Genting weighs on KLCI on profit taking
KUALA LUMPUR: Blue chips closed lower on Friday after three straight days of gains, as investors decided to take profit in the absence of any strong measures to resolve the euro zone crisis. Commodities including crude palm oil (CPO) futures fell in
ECM Libra downgrades end-2011 KLCI target to 1,450
KUALA LUMPUR: ECM Libra Investment Research has downgraded its end-2011 FBM KLCI target to 1,450 from 1,650 and said 2QCY11 earnings season was the second in succession which it deemed to have disappointed as negative earnings surprises exceeded positive
Slumping KLCI, more optimistic trade across Asia
KUALA LUMPUR:The FBM KLCI closed in the red on Friday the 13th trade while key Asian bourses were largely on the green turf following news of bond sales in Spain and Italy a day ago. The local benchmark traded negative at 1523.07 points, slippin
FBM KLCI begins 2H2011 at fresh historic high
KUALA LUMPUR: The FBM KLCI kicked off the second half of 2011 and closed at a fresh all-time high on Friday, July 1 as blue chips pushed the index above the 1,580-point level. At 5pm, the 30-stock index rose 0.25% or 3.87 points to 1,582.94, lifted by
AirAsia, Bumi Armada to be included in KLCI on Dec 19
KUALA LUMPUR (Dec 8): AIRASIA BHD [] and Bumi Armada Bhd will replace GAMUDA BHD [] and MISC BHD [] in the 30-stock FTSE Bursa Malaysia KLCI with effect from Dec 19. FTSE Group (FTSE) and BURSA MALAYSIA BHD [] said the changes following the semi-annual
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