KL shares lower mid-morning on weak risk appetite
At 11.02am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,798.45 points, down 4.57 points after hovering between 1,796.41 and 1,804.25.
KLCI slips on mixed market sentiment.
Mixed market sentiment led the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) to staged a marginally lower performance this morning.
But the key index managed to stay above the 1,800-level.
At 9.04am, FBM KLCI stood at 1,801.94, down 1.08 points, despite opening 0.77 of a point higher at 1,803.79.
Malaysian banks profitability first line of defence against risks, says Moody’s.
he outlook for Malaysian banks this year is certainly going to be stable with their strong profitability providing a good first line of defence against risks, said Moody's Investors Service.
Public Bank FY14 earnings up 11.2% to RM4.52b
Public Bank Bhd recorded a strong set of earnings in FY ended Dec 31, 2014 at RM4.52bil – up 11.2% on-year – underpinned by steady growth in net interest income and non-interest income, as well as stable credit costs.
Malaysia’s December exports at RM67.7b, exceed forecasts
Malaysia’s exports rose stronger-than-expected in December 2014 to RM67.7bil, an increase of 2.7% and exceeded expectations of a 1% growth, underpinned by higher exports to the US and European Union especially electrical and electronic (E&E) products.
KLCI falls in lacklustre trade
The FBM KLCI was marginally lower at midday on Thursday on some profit taking, but trading was lacklustre as investors stayed on the sidelines in tandem with the mostly muted Asian equities, as oil prices continued to remain in focus.
Foreign funds net buyers of Malaysian equities at RM333mil
Foreign funds emerged as net buyers on Bursa Malaysia on Wednesday, snapping up key index linked stocks, with net buying at RM333mil.
Maybank Research sees Eco World in more land deals with EPF.
Maybank Investment Bank Research expects the Bukit Bintang City Centre (BBCC) among landowner UDA Holdings, the Employees Provident Fund (EPF) and Eco World Development (ECW) to see more land deals between the EPF and Eco World.
Malaysia December exports grew 2.7% year on year, beat expectations
Malaysia's export growth rose to 2.7% in December from a year earlier, as its trade surplus shrank to RM9.2 billion (US$2.58 billion), government data showed on Thursday, as the Southeast Asian economy was hit by falling world prices for its its oil, gas and commodity exports.
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