APAC Offshore Spending Remains Stable Post-West Asia Conflict

By Siti Radziah Hamzah

KUALA LUMPUR, July 7 (Bernama) -- Asia Pacific (APAC) offshore spending remains broadly stable post-West Asia conflict, with Southeast Asia (SEA) estimated to see a 12 per cent increase in greenfield capital expenditure (capex) to more than US$100 billion (US$1 = RM4.08), reflecting stronger prioritisation of new offshore developments, said Hong Leong Investment Bank Bhd (HLIB) today.

Bursa Malaysia Ends Morning Session Lower Amid Heavyweight Sell-off

KUALA LUMPUR, July 7 (Bernama) -- Bursa Malaysia ended the morning session lower today, as continued selling activities in heavyweight stocks, particularly financial counters, weighed on market sentiment.

Ringgit Opens Slightly Higher Against Greenback Amid Focus On Fed Outlook

KUALA LUMPUR, July 7 (Bernama) -- The ringgit opened slightly higher against the US dollar on Tuesday amid continued focus on the United States (US) Federal Reserve's (Fed) interest rate outlook.

Bursa Malaysia Opens Higher

KUALA LUMPUR, July 6 (Bernama) -- Bursa Malaysia opened higher today, supported by improved investor sentiment, tracking Wall Street’s mostly positive performance last Friday.

Ringgit Opens Flat Against Greenback As Traders Reassess US Rate Hike Prospects

KUALA LUMPUR, July 6 (Bernama) -- The ringgit opened mostly flat against the US dollar on Monday as traders reassessed the likelihood of a United States (US) interest rate hike following a weaker-than-expected US nonfarm payrolls (NFP) data.

FMM Calls For Balanced US Approach To Proposed Section 301 Tariff Action

KUALA LUMPUR, July 5 (Bernama) -- The Federation of Malaysian Manufacturing (FMM) has urged the United States (US) to adopt a balanced approach to its proposed Section 301 tariff action on imports linked to forced labour, cautioning that blanket duties could penalise compliant Malaysian manufacturers and disrupt established supply chains.

Ringgit Forecast To Trade At RM4.05-RM4.07 Against US Dollar Next Week

By Abdul Hamid A Rahman

KUALA LUMPUR, July 4 (Bernama) -- The ringgit is expected to trade between RM4.05 and RM4.07 against the US dollar next week, with market attention likely to centre on the United States Federal Open Market Committee (FOMC) minutes and Bank Negara Malaysia’s (BNM) Monetary Policy Committee (MPC) meeting.

Gold Futures To Trade Range-bound With Upward Bias Next Week

By Abdul Hamid A Rahman

KUALA LUMPUR, July 4 (Bernama) -- Gold futures on Bursa Malaysia Derivatives are expected to trade range-bound with an upward bias next week.

Rubber Market To Trade Sideways With Lower Bias Next Week

By Nur Athirah Mohd Shaharuddin

KUALA LUMPUR, July 4 (Bernama) -- The Kuala Lumpur rubber market is expected to trade sideways with a slight downward bias next week, weighed by geopolitical uncertainty surrounding the stalled United States (US)-Iran peace deal.

Ringgit Ends Higher Against US Dollar On Favourable Asian Currency Sentiment

By Abdul Hamid A Rahman

KUALA LUMPUR, July 3 (Bernama) -- The ringgit ended higher against the US dollar at the close of the trading week, supported by favourable Asian currency sentiment following the latest United States Nonfarm Payrolls (NFP) data.

Rubber Market Rebounds On Regional Futures Gains

KUALA LUMPUR, July 3 (Bernama) -- The Kuala Lumpur rubber market rebounded from yesterday’s losses to close higher on Friday, supported by gains across regional rubber futures markets amid concerns over potential supply disruptions following heavy rain in Thailand and tropical storm warnings, a dealer said.

Bursa Malaysia Extends Midday Gains

KUALA LUMPUR, July 3 (Bernama) -- Bursa Malaysia extended its gains at midday, tracking advances across regional markets as sustained buying interest in heavyweight counters continued to provide support.