Rubber Market Seen Stable Next Week On Rising Oil Prices
By Siti Noor Afera Abu
KUALA LUMPUR, Sept 12 (Bernama) -- The Kuala Lumpur rubber market is expected to remain stable next week, with a slight upward bias amid higher oil prices.
| LATEST NEWS | Increase in coal prices has direct impact on electricity generation -- Akmal Nasrullah | Daily peak demand reached 21,949 megawatts on Sept 9, 4.7 per cent higher than the August average - Akmal Nasrullah | Key fuel sources record stronger price pressure in September compared to August, especially crude oil and LNG - Akmal Nasrullah | The government ensures domestic supply chain continues to function, supply of basic necessities sufficient and global cost pressures do not affect the people's well-being -- Akmal Nasrullah | The global supply crisis has shifted from managing temporary shocks to managing economic risks that are expected to persist -- Akmal Nasrullah | |
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KLCI Futures Expected To Consolidate Within 1,680-1,710 Points Range Next Week
By Rosemarie Khoo Mohd Sani and Fatin Umairah Abdul Hamid
KUALA LUMPUR, Sept 12 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures are expected to consolidate within the 1,680-1,710 points range next week, with scope for a technical recovery should global risk sentiment stabilises.
CPO Futures End Lower On Rising Stocks, Production
By Siti Noor Afera Abu
KUALA LUMPUR, Sept 11 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives finished lower on Friday amid ongoing concerns over rising stock levels and production in the country.
Ringgit Ends Firmer Against Most Currencies, Eases Versus US Dollar
By Abdul Hamid A Rahman
KUALA LUMPUR, Sept 11 (Bernama) -- The ringgit appreciated against most major and regional currencies on Friday, although it declined against the US dollar.
Bursa Malaysia Ends Week Sharply Lower Amid Regional Selloff
By Rosemarie Khoo Mohd Sani and Fatin Umairah Abdul Hamid
KUALA LUMPUR, Sept 11 (Bernama) -- Bursa Malaysia finished the week sharply lower on Friday amid another round of selling across regional markets, as persistently high crude oil prices continued to weigh on market sentiment, an analyst said.
Rubber Market Ends Mixed On Weak Regional Futures, Declining Oil Prices
By Siti Noor Afera Abu
KUALA LUMPUR, Sept 11 (Bernama) -- The rubber market ended mixed on Friday, tracking weaker regional rubber futures and a decline in crude oil prices.
Bursa Malaysia Remains Lower At Midday Amid Selling Pressure
KUALA LUMPUR, Sept 11 (Bernama) -- Bursa Malaysia remained lower at midday, weighed down by continued selling pressure in most heavyweight counters in line with weaker regional performance amid surging oil prices due to ongoing US-Iran tensions.
Investment Banks Remain Positive On Plantation Counters Amid Higher Crude Oil Prices
KUALA LUMPUR, Sept 11 (Bernama) -- Plantation counters remained in focus as investment banks maintained a positive stance following a surge in Brent crude oil prices beyond US$100 per barrel amid renewed US-Iran tensions.
Rubber Glove Counters Rally On Expectations Of Firmer Selling Prices
KUALA LUMPUR, Sept 11 (Bernama) -- Rubber glove counters dominated active trading in the morning session, with their share prices rallying amid rising crude oil prices.
Bursa Malaysia Opens Lower Amid Wall Street Weakness
By Rosemarie Khoo & Fatin Umairah Abdul Hamid
KUALA LUMPUR, Sept 11 (Bernama) -- Bursa Malaysia opened lower on Friday, tracking continued weakness on Wall Street as the prolonged US-Iran conflict and high crude oil prices weighed on sentiment, an analyst said.
CPO Futures End Lower On Weaker Export Estimates
By Muhammad Fawwaz Thaqif Nor Afandi
KUALA LUMPUR, Sept 10 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended lower today, weighed down by weaker palm oil export estimates despite higher crude oil prices.
Malaysia’s Premium Crude Shields Economy From Oil Price Swings - RHB IB
KUALA LUMPUR, Sept 10 (Bernama) -- Malaysian crude grades continued to command significantly higher premiums over Dated Brent, a benchmark for physical crude oil prices, indicating that the country was able to partially cushion the impact of lower outright oil prices on revenues.