Business
Sapura Kencana shares surge following ratings upgrade
KUALA LUMPUR, May 20 — Sapura Kencana Petroleum shares surged as the oil and gas counter was the “darling” among investors following ratings upgrade by research houses after the acquisition of Seadrill Limited’s oil rig business early this month.
As at 11.48am, the counter was up 24 sen to RM3.96, with 11.24 million shares transacted and was ... Read More
Healthcare workers wear masks as they take part in a protest against the local government’s plans to cut public healthcare spending in Madrid May 20, 2013. — Reuters pic
Recent Articles
Kenanga cautious on SEG International outlook
KUALA LUMPUR, May 20 — Kenanga Research is cautious on SEG International Bhd’s (SEGi) outlook, saying its first quarter net profit of RM1 million was way below expectations.“We believe that the group is ... Read More
Analysts maintain ‘neutral’ on auto sector
KUALA LUMPUR, May 20 — Kenanga Research has maintained a “neutral” call on the automotive industry and retains its 2013 Total Industry Volume’s (TIV) forecast of 641,560 units.The research house said ... Read More
Share prices surge in midmorning session
KUALA LUMPUR, May 20 — Share prices on Bursa Malaysia surged in the mid-morning session, as the market extended its advances, driven by gains in selected heavyweights and lower liners, dealers said.At ... Read More
SWEPA praised for uplifting women entrepreneurs
KOTA KINABALU, May 20 — Chief Minister Datuk Seri Musa Aman has lauded the role of the Sabah Women Entrepreneurs and Professionals Association (SWEPA) in strengthening professionalism and business ... Read More
Short-term rates to remain stable on Bank Negara’s intervention
KUALA LUMPUR, May 20 — Short-term interbank rates are expected to remain stable Monday as Bank Negara Malaysia intervenes to absorb excess liquidity from the financial system.The central bank estimated ... Read More
Ringgit traded slightly lower against US dollar
KUALA LUMPUR, May 20 — The ringgit was traded slightly weaker against the US dollar in the early session today as demand has yet to pick up, a dealer said.At 9am, the local unit was quoted at 3.0235/0265 ... Read More
Share prices traded higher driven by gains in selected heavyweights
KUALA LUMPUR, May 20 — Share prices on Bursa Malaysia opened higher in early trading today, driven by gains in selected heavyweights and lower liners, dealers said.As at 9.18am, the barometer index, the ... Read More
Gold at 1-month low, extends losing streak to 8th session
SINGAPORE, May 20 — Gold fell for an eighth straight session today to hit it weakest in over a month, pressured by expectations the Federal Reserve could soon halt its stimulus programme supporting the US ... Read More
On fleeting Hong Kong trips, Chinese make frugal fashionable
HONG KONG, May 20 — Armed with empty suitcases and same-day return tickets, an army of mainland Chinese is descending on suburban outlet shopping malls and international fashion chains in Hong Kong, ... Read More
Analyst calls for May 20
KUALA LUMPUR, May 20 ― This is a selection of morning calls by local research houses for the day. HwangDBSOn the back of rising confidence in the US economy, leading equity barometers on Wall Street ... Read More
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