Top losers

- A + A KUALA LUMPUR (Aug 3): Bursa Malaysia closed lower for the second consecutive day on Wednesday (Aug 3) amid mixed performance in regional peers as investors remained in profit-taking mode, said a dealer. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 4.48 points to 1,490.57, its intraday high, compared with Tuesday's close of 1,495.05. The benchmark index opened 6.47 points weaker at 1,488.58 and hit a low of 1,483.01 during the mid-morning session. Market breadth was negative with 399 losers against 367 gainers, while 451 counters were unchanged, 1,018 untraded, and nine others suspended. Total turnover decreased to 1.91 billion units worth RM1.35 billion from 2.85 billion units worth RM1.59 billion on Tuesday. Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng said the key regional indices ended higher as investors took opportunity to bargain hunt for stocks following heavy sell-down on Tuesday. “Back home, we believe the … [Read more...] about Bursa ends lower for second straight day

America’s attempt to keep China unsettled on the Taiwan issue with a proposed visit of Nancy Pelosi to the controversial island, has not gone according to the script. A strong response from China to counteract has forced the White House to pushback against the House Speaker’s plan. President Joe Biden said the US military thinks her visit was not a ‘good idea right now’, clearly trying to salvage the situation and diffuse the rising tension. In recent years Biden has pushed the US’ ‘strategic ambiguity’ on Taiwan a few times forcing observers to speculate whether his remarks were deliberate or a ‘gaffe.’ But each time it roiled China and strained not only Sino-American relations but also worsened China and Taiwan ties. Pelosi and her delegation are scheduled to visit a number of countries in August including Indonesia, Japan, Malaysia, Singapore and Hawaii, headquarters of the US Indo-Pacific command. But her visit to Taiwan was not officially announced, ostensibly because of … [Read more...] about US’s policy of ‘strategic ambiguity’ on Taiwan could be tested, going forward

A screen in Hana Bank's trading room in central Seoul shows the Kospi closing at 2,473.11 points on Thursday, up 11.66 points, or 0.47 percent, from the previous trading day. [YONHAP] Shares ended higher on foreign buying on Thursday. The won rose against the dollar. The benchmark Kospi rose 11.66 points, or 0.47 percent, to close at 2,473.11 points. Trading volume was moderate at 393.27 million shares worth 7.4 trillion won ($5.6 billion), with gainers outnumbering losers 466 to 382. The Dow Jones Industrial Average rose 1.3 percent, and the Nasdaq Composite climbed 2.6 percent on robust economic data showing the world's largest economy is still chugging along. Foreigners bought a net 201.0 billion won worth of stock and retail investors a net 13.1 billion won. Institutions offloaded a net 227.4 billion won worth of stocks. Investors remain watchful over the Fed's monetary policy as the U.S. bank signaled that it will do what is required to combat high inflation despite … [Read more...] about Shares end higher Thursday on foreign buying

Share to Twitter Share to Linkedin The August 2 MLB trading deadline has come and gone, and it was one of the craziest ever. The Juan Soto deal between the Nationals and Padres is the obvious headliner - he may be the biggest, youngest star EVER dealt at the deadline The net is are full of trade deadline review articles these days, and most seem to identify the “winners” as the clubs who picked up the biggest names, and the “losers” as the ones who dealt them. It’s not that simple. This week, I’m taking a look at all 30 clubs’ deadline efforts through a somewhat different lens. Let’s split up the buyers, sellers and do-little-to-nothings and rank them within those groups. As we’ll see, it’s possible to buy or sell well......and even possible to do both at the same time. Today, we explore the National League, tomorrow the American. BUYERS BUYING BIG, WINNING BIG: In this case, the team that bought the biggest, the San Diego Padres , won the … [Read more...] about The Juan Soto Mega-Deal Headlines The Trade Deadline In The National League

Share to Twitter Share to Linkedin More workers are finding themselves out of a job (or becoming worried they might soon be) as a string of high-profile companies , mostly startups and in tech, have moved to freeze hiring or even to slash workers and rescind job offers. New unemployment claims edged up to an eight-month high last week . Initial unemployment claims increased by 7,000 to 251,000 in the week ending July 16, making the four-week moving average rise by 4,500 to 240,500, according to the Department of Labor. Those numbers are still a marked improvement from last July, when the four-week average of unemployment claims hit more than 405,000. And the actual unemployment rate in June (the last month reported) is still a rock bottom 3.6% . Still, fears of an impending recession have made nearly 80% of Americans worried about their job security, with almost a quarter of workers extremely concerned about their job security, a recent survey … [Read more...] about Worried About Layoffs? 5 Tips For Job Seekers (And Job Seekers-To-Be) In A Slowing Economy

- A + A KUALA LUMPUR (Aug 5): Bursa Malaysia retreated from its gains to open lower on Friday (Aug 5) due to profit-taking activities in selected heavyweights, in tandem with the mixed performance on the Wall Street overnight, a dealer said. At 9.05am, the FTSE Bursa Malaysia KLCI (FBM KLCI) declined 5.41 points to 1,502.3 from Thursday’s close of 1,507.71. The benchmark index opened 2.64 points weaker at 1,505.07. On the broader market, losers surpassed gainers 146 to 110, while 195 counters were unchanged, 1,796 untraded and nine others suspended. Turnover stood at 151.7 million units worth RM45.21 million. Malacca Securities Sdn Bhd said the Dow Jones Index fell by 0.3% following a mixed bag of corporate earnings, ahead of the US unemployment rate data which would be released later on Friday. It noted that the European stock markets extended their gains, while the Asian stock markets remained mostly upbeat. “We believe sentiment is likely to stay … [Read more...] about Bursa Malaysia retreats from previous gains, opens lower

The Nifty50 had yet another high volatile session on August 4 ahead of the big event - the interest rate decision by the RBI Monetary Policy Committee due tomorrow. Hence, the street may maintain caution till this outcome and if the index gets back firmly above 17,450, then there is a fair chance of the index moving towards 17,800 levels, with crucial support at the 17,000 mark, experts said. The 50-share index snapped a six-day winning streak and formed a bearish candle on the daily charts as the closing was lower than opening levels. It has made an attempt, during the day, to fill the previous bullish gap zone created on August 1, but failed as bulls managed to push the bears back to some extent. The Nifty50 opened strong at 17,463 and climbed up to 17,491 levels, but wiped out all gains in late morning deals to hit a day's low of 17,161. The index managed to recoup most of the losses in the later part of the session and finally settled with 6 point-loss at 17,382. Also … [Read more...] about Technical View | Nifty forms bearish candle ahead of RBI interest rate decision

- A + A KUALA LUMPUR (Aug 5): Bursa Malaysia bucked the regional trend to end lower on Friday (Aug 5) on persistent profit-taking in most heavyweights led by Malayan Banking Bhd (Maybank), Public Bank Bhd and Petronas Chemicals Group Bhd. Maybank lost one sen to RM8.89, Public Bank slid two sen to RM4.63 and Petronas Chemicals shed six sen to RM8.80. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 6.16 points to 1,501.55 from 1,507.71 on Thursday, managing to stay just a whisker above the psychological 1,500-point level. The benchmark index opened 2.64 points weaker at 1,505.07 and fluctuated between 1,497.77 and 1,505.53 throughout the trading session. Market breadth was mixed with 399 losers against 376 gainers, while 452 counters were unchanged, 1,020 untraded, and nine others suspended. Total turnover declined slightly to 2.61 billion units worth RM1.62 billion from 2.65 billion units worth RM1.89 billion on Thursday. Rakuten Trade Sdn Bhd vice … [Read more...] about Bursa bucks regional trend to end lower

Share to Twitter Share to Linkedin The August 2 MLB trading deadline has come and gone, and it was one of the craziest ever. The Juan Soto deal between the Nationals and Padres is the obvious headliner - he may be the biggest, youngest star EVER dealt at the deadline The net is are full of trade deadline review articles these days, and most seem to identify the “winners” as the clubs who picked up the biggest names, and the “losers” as the ones who dealt them. It’s not that simple. This week, I’m taking a look at all 30 clubs’ deadline efforts through a somewhat different lens. Let’s split up the buyers, sellers and do-little-to-nothings and rank them within those groups. As we’ll see, it’s possible to buy or sell well......and even possible to do both at the same time. Today, we explore the American League. Yesterday, it was the NL . BUYERS BIG IMPROVEMENTS WHILE PROTECTING THE FARM: The Minnesota Twins added the 2nd-best starter dealt by the … [Read more...] about Minnesota Twins Embrace Their Buyer Status At MLB Trading Deadline

With a new year nearly upon us, it's a great time to get inspired about the future, your vision, your goals and executing on those goals. I'm so grateful for all of the inspiration I've gotten from leaders, writers and thinkers through the years. So I wanted to share my favorite, most inspiring quotes with you. Below are more than 365 quotes in a wide range of topics from some of the greatest leaders, writers and thinkers of all time. Bookmark this page, or print it out, and refer to it for inspiration each day you need it throughout 2015. Share it with anyone you know who could use some inspiration, any and every day. These are the quotes that inspire me most--please comment at the bottom of the article with your favorite inspirational quote. Here's to you getting everything you want in 2015! Listening "Wisdom is the reward you get for a lifetime of listening when you'd have preferred to talk." --Doug Larson "One of the most sincere forms of respect is … [Read more...] about These 365 Quotes Will Inspire You Every Day This Year