Malaysia clinches major oil palm deal with Saudi Arabia
KUALA LUMPUR (April 30): In what is seen as a major breakthrough for Malaysia, Saudi Arabia will become Malaysia’s hub for the import and distribution…
Tag Archives: Technical Analysis
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Sapura Energy appoints former Shell Malaysia and Technip chiefs to its board
Datuk Iain Lo. Filepix by optionstheedge.com KUALA LUMPUR (April 30): Sapura Energy Bhd has appointed Datuk Iain Lo and Bernard di Tullio to its board of…
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FGV, MSM, IHH, Mr DIY, Priceworth, KLCCP, Sapura Resources, Sapura Energy, Maybank, Al-‘Aqar Healthcare, Top Glove, Fajarbaru and Sarawak Oil Palms
KUALA LUMPUR (April 30): Based on corporate announcements and news flow today, companies that may be in focus on Monday (May 3) include: FGV Holdings…
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Major tin producer MSC won't resume pre-Covid output for 9 months, says letter
LONDON/KUALA LUMPUR (April 30): Malaysia Smelting Corp (MSC), the world’s third largest tin producer, has told clients that its smelting operation is being severely affected…
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Lotte Chemical Titan making a comeback
KUALA LUMPUR (May 1): It has been close to four years since the relisting of Lotte Chemical Titan Holding Bhd (LCT) on the local bourse. Recall…
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Covid-19: Malaysia reports over 21,000 new cases this week
KUALA LUMPUR (April 30): Malaysia reported 21,178 new Covid-19 infections this week, a 25% jump from the 17,007 cases it recorded last week, with the…
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Can the grocery retail boom be sustained?
KUALA LUMPUR (May 1): The Malaysian grocery retail scene has become vibrant of late with new brands including Thailand’s Lotus’s and South Korea’s CU making an…
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Wall Street ends lower, weighed down by Apple
BENGALURU/OAKLAND, California (April 30): Wall Street ended lower on Friday, with Amazon, Apple, Alphabet and other tech-related companies weighing on the S&P 500 and Nasdaq despite…
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Amazon jumps to record after blowout results, strong outlook
(May 1): Amazon.com Inc. rallied to a record intraday high Friday after reporting quarterly results that topped analyst projections and later closed in the red amid a broader…
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Cautious trading expected on Bursa next week
KUALA LUMPUR (May 1): Bursa Malaysia is expected to continue cautious trading next week as investors may remain on the sidelines ahead of Bank Negara Malaysia’s (BNM) policy meeting…
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XE Market Analysis: Europe – Apr 29, 2021
The dollar resumed its now four-week down trend, earlier posting a two-month low at 90.42 by the measure of the DXY index. Speculation that the Fed might have at least hinted at a tapering, which hadn’t been our view, was thwarted, and longer-dated Treasury yields and the dollar duly took a turn lower. The 10-year […]
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XE Market Analysis: North America – Apr 29, 2021
The dollar extended its post-Fed announcement decline before rebounding some. The DXY dollar index posted a two-month low at 90.42 before recouping to around 90.70, while EUR-USD pegged a two-month high at 1.2150 before ebbing back towards 1.2100. The lack of even a hint of a possible tapering by the Fed yesterday saw the 10-year […]