Indonesia stocks choppy after MSCI review, emerging markets verdict awaited
SINGAPORE: Indonesian stocks swung between gains and losses on Friday as investors assessed MSCI's latest warning about Indonesia's investability ahead of Tuesday's high-stakes decision over the country's emerging markets status.
MSCI raises new Indonesia transparency concerns ahead of emerging markets verdict
Index provider MSCI on Thursday raised further concerns about Indonesia's investability, citing limited visibility in shareholdings and coordinated trading behaviour, in a fresh blow to the world's worst-performing major stock market.
Tech, semiconductor stocks lead Bursa gainers on US chip rally
KUALA LUMPUR: Technology and semiconductor stocks attracted buying interest in early trade on Friday, dominating Bursa Malaysia's gainers list.
Profit-taking drags FBM KLCI lower despite positive global cues
KUALA LUMPUR: The FBM KLCI opened lower on Friday as investors locked in profits following recent gains, despite positive cues from Wall Street and easing geopolitical tensions in the Middle East.
Trading ideas: WCT, Top Glove, SunCon, EcoWorld, Binastra, LFG, BCM Alliance, Swift Energy, KHPT
KUALA LUMPUR: WCT Holdings Bhd, Top Glove Corp Bhd, Sunway Construction Group Bhd (SunCon), Eco World Development Group Bhd (EcoWorld), Binastra Corp Bhd, Lianson Fleet Group Bhd (LFG), BCM Alliance Bhd, Swift Energy Technology Bhd and KHPT Holdings Bhd are among the stocks to watch on Friday.
Wall St rises on chip boost, Iran optimism
US stock indices rallied on Thursday, with the Nasdaq's 1.9% advance boosted by gains in semiconductor shares, while inflation fears eased after the US and Iran signed a peace agreement, although investors still priced in interest rate hikes this year from the Federal Reserve.
FBM KLCI ends higher
The FBM KLCI ended marginally higher on Thursday after giving up most of its intraday gains, while weakness in the broader market underscored cautious investor sentiment.
Share buybacks not seen to offset foreign fund outflows
Share buybacks are unlikely to provide a meaningful buffer against foreign fund outflows from the local market, as the scale of such purchases remains too small relative to the amount of capital leaving the market.
Default shakes a US$80bil corner of Muni Market
More than two decades after Wall Street started pumping out a new type of bonds – those backed by the legal-settlement payments governments receive from cigarette companies – one batch has finally been driven into a default.
Largest Brazil credit manager buys into debt selloff
Itau Asset Management is increasing holdings of corporate debt across sectors including utilities, fitness chains and car rental companies, taking advantage of wider spreads that followed a bout of turmoil in Brazil's credit market.
