Funds are shifting on local bourse
On the local bourse, funds are shifting away from riskier, high-valuation sectors such as Technology and Utilities.
Tag: stocks
FBM KLCI Faces Profit-Taking Pressure
European stock markets advanced, showing a positive performance, while Asian markets mostly ended in the red, reflecting a less optimistic sentiment in the region.
Banking giants continued to lead Bursa’s outperformance
Despite potential downside risks, these are expected to be well-cushioned by the solid quarterly financial performance from banking giants and improved foreign fund inflows
Influx in IPOs and continuous foreign funds flow benefit
The recent influx of IPOs, which raised over RM2 billion in the first half of 2024, could be contributing to the lower interest in small-cap stocks.
Appreciating ringgit pushing buying on blue chips
Appreciating ringgit maybe be pushing buying on blue chips with foreign funds flow
KLCI surges to 52-week high
The strong performance was rather surprising spurred by the influx of foreign funds with the 1,630 mark decisively broken.
How did Syariah indices outperform non-syariah counterparts on Bursa
He highlights growing investor confidence in companies prioritizing sustainable and ethical practices, emphasizing the financial viability of syariah-compliant investments. By June 2024, 79.4% of listed counters on Bursa Malaysia (833 out of 1,049) were syariah-compliant.
S P SETIA BUY Maintained with FV of RM1.84 Driven largely by Johor land sales
S P Setia’s robust performance is largely driven by significant land sales in Johor, positioning it well for continued growth and profitability
Webull launches 24-hour US stock trading feature
Webull Malaysia launches 24-hour US stock trading, enabling seamless trading during Malaysian hours with zero commissions, fractional shares, and real-time market data.
US industrial growth surpasses the median Bloomberg survey estimate
The US industrial growth marked the second consecutive month of expansion after four months of contraction in 2024.