<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Nov 15): Rakuten Trade said the FBM KLCI closed lower on Monday (Nov 14) amid some profit-taking activities attributed a mixed regional performance.</p></div>

<div class=newsTextDataWrapInner><p>Nonetheless, the research house in its daily market report on Tuesday said it noticed market undertone remains strong as there were some accumulations on utilities and healthcare stocks.</p></div>

<div class=newsTextDataWrapInner><p>“Hence, we expect the index to hover between the 1,460-1,475 range today (Tuesday, Nov 15) as the ringgit continues to strengthen against the USD currently at below the RM4.60 level.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“Meanwhile, concerns on global demand from OPEC saw the Brent crude dipped to below the US$93/barrel thus the energy sector may experience some headwinds today,” it said.</p></div>

<div class=newsTextDataWrapInner><p>Separately, AmBank Group Research said the ringgit was trading between 4.5848 and 4.6263 and gained by 0.59% to 4.595 on Monday, rallying on the strong GDP numbers that was recently reported.</p></div>

<div class=newsTextDataWrapInner><p>In a note on Tuesday, AmBank group chief economist and head of research Dr Anthony Dass said the ringgit was stronger against the EUR, GBP, JPY, CNY, IDR, PHP, and VND and weaker against the AUD, SGD and THB.”</p></div>

<div class=newsTextDataWrapInner><p>“We expect the ringgit to trade between our support level of 4.590 and 4.600 while our resistance is pinned at 4.650 and 4.670,” he said.</p></div>


KUALA LUMPUR (Nov 15): Rakuten Trade said the FBM KLCI closed lower on Monday (Nov 14) amid some profit-taking activities attributed a mixed regional performance.

Nonetheless, the research house in its daily market report on Tuesday said it noticed market undertone remains strong as the...

Energy sector may experience some headwinds on Tuesday, ringgit seen between 4.590-4.600

THE uptrend in the prices of a number of commodities — reflected in the 14.2% rise in the S&P GSCI from its recent December trough — brought back memories of the commodity bull run in 2021 and 2022, when the effects of the Covid-19 pandemic followed by the war in Ukraine choked global supply ...

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Thai banks will cut lending rates by 25 basis points for vulnerable groups for a period of six months, a bankers' association said on Thursday, responding to a government request to help small businesses.

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SHANGHAI (April 25): US Secretary of State Antony Blinken on Thursday called on China to provide a level playing field for American businesses, as he began a visit aimed at resolving a raft of contentious issues that could jeopardise the newly repaired relationship.

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A three-member Federal Court bench on Thursday granted leave (permission) for lawyer Datuk Sreesanthan Eliathamby to have the merits of his appeal for a civil penalty of RM1 million imposed on him for insider trading of Worldwide Holdings Bhd shares in 2006 be heard.

Chief Justice Tun Tengku Maimun Tuan Mat, who led the bench, granted leave for the questions of law to be determined by the apex court.

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The Court of Appeal has allowed a bid by Tan Sri Muhyiddin Yassin to have a bench of five judges to hear his review application to restore his acquittal by the High Court of four of his abuse of power charges last year.

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<p>Malaysia is in early discussions with tycoons on opening a casino in Forest City, people familiar with the matter said, in a bid to revive the beleaguered US$100 billion (RM478.35 billion) property project that counts the country’s monarch as one of its shareholders.</p>


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<p>KUALA LUMPUR (April 25): Mega First Corp Bhd shares have likely peaked following a recent rally to new all-time highs, and investors should stop buying the stock now, Maybank Investment Bank (Maybank IB) said and downgraded the stock to ‘hold’.</p>

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<p>RHB Retail Research said NationGate Holdings Bhd is observing a technical breakout after climbing above the RM1.70 immediate resistance on surging trading volume.</p>


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<p>RHB Retail Research said Naim Holdings Bhd is likely to resume its uptrend after the recent consolidation above the 97.5 sen breakout level.</p>


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<p>Asian stocks fell on Thursday as disappointing earnings forecasts from Facebook parent Meta Platforms hammered tech shares, while the yen's slump past 155 per dollar for the first time since 1990 raised the spectre of intervention from Tokyo.</p>


<p>Malaysia’s consumer inflation came in lower than expected in March from a year earlier as prices of healthcare and food rose at a slower pace, official data on Thursday showed.</p>

<p>The Consumer Price Index — Malaysia’s main gauge of inflation — rose 1.8% year-on-year, according to the Department of Statistics. The headline figure was a tad lower than the median 2% rise predicted in a Bloomberg survey of economists, and unchanged versus February’s 1.8% gain.</p>


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<p>Synergy House Bhd may trend higher after breaking out from its one-week bullish rectangular pattern two sessions ago, to a new all-time high.</p>


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<p>(April 24): Some of the world's largest solar equipment makers asked President Joe Biden's administration on Wednesday to impose tariffs on panels and cells from four Asian countries, to protect billions of dollars in investments in US manufacturing.</p>
