Markets

Foreign 
net selling ends after 9 weeks

By NUR HAZIQAH A MALEK
The nine weeks of foreign net selling ended as investors increased their exposure on stocks listed on Bursa Malaysia as funds ...

Goldman raises forecasts on yuan as US tension eases

By BLOOMBERG
HONG KONG • Goldman Sachs Group Inc boosted its forecasts on China’s yuan to reflect improving sentiment as trade tension between the ...

Perisai Petroleum Teknologi set to exit Bursa, shares plunge 83%

Investors dump Perisai’s shares after Bursa rejects its regularisation plan
By FARA AISYAH The axe has fallen on another listed oil and gas (O&G) ...

Nightmare 2018 for equity investors

Global equity markets ended 2018 in the red, a downturn not seen over the past decade, with the MSCI World Equity Index tumbling by more than 9.5% YoY
...

Citic Securities rises on RM8b purchase of rival

By BLOOMBERG
SHANGHAI • Citic Securities Co jumped yesterday on resuming trading in China, after it announced it will pay as much as 13.5 billion yuan ...

Xiaomi loses RM24b in 3 days as early holders flee

By BLOOMBERG
HONG KONG • Xiaomi Corp’s bad week got worse yesterday as more investors rushed to sell as soon as they could. The stock closed 3.6% lower ...

Corporate results: SP Setia and AWC

SP Setia to defend against Boustead Plantation suit
SP Setia Bhd said its wholly-owned subsidiary, Setia Fontaines Sdn Bhd, will defend its position ...

Malaysian glove makers start 2019 with a plunge

SINGAPORE • A group of Malaysian stocks that were unscathed during the global equity sell-off over the past few months is feeling some agony now.
...

Xiaomi sinks after shares unlocked for sale

HONG KONG • Many Xiaomi Corp investors, who could only watch as the stock shed US$14 billion (RM57.54 billion) in market value, are now able to join in on ...

Corporate earnings weakness dragging Bursa lower

Corporate earnings growth has been dismal with costs escalating as the new govt restores some taxes to make up for unpaid tax refunds
By NUR HAZIQAH A ...

Nomura to switch to merit-based pay for Japan-based brokers

By BLOOMBERG
TOKYO • Nomura Holdings Inc will introduce a merit-based pay system at its domestic securities unit next year, moving away from the ...

Samsung bears win after stock swings on ‘shock’ profit miss

By BLOOMBERG
SEOUL • Samsung Electronics Co Ltd ended the day weaker, giving into bears worried about the outlook for the first half (1H) following ...