Bursa Malaysia Latest News Of The Day

Malaysian Benchmark: 

• The FBM KLCI opened 3.62 focuses higher at 1,696.11 . 
• The ringgit opened higher against the US dollar on crisp purchasing enthusiasm for the neighborhood note.

Counter-Specific News:

• Felda Global Ventures Holdings Bhd (FGV) said there were no human trafficking cases found at its plantations in Jempol, Negeri Sembilan following an assessment by Wild Asia, an independent verifier dedicated to promoting sustainability in Asia.
   
• Eversendai Corp Bhd, which aims to clinch a record RM2 billion new job wins this year, is likely to bag RM500 million worth of jobs in the next month or so, according to Hong Leong Investment Bank (HLIB) Research.
   
• Comfort Gloves Bhd (formerly known as Integrated Rubber Corp Bhd) reported a fire outbreak this morning at its newly-built three-storey warehouse and packing department in Taiping, Perak.
   
• Hibiscus Petroleum Bhd has asserted that a co-shareholder in Lime Petroleum Plc, Singapore-listed Rex International Holding Ltd, has continued making only "bare, unsupported assertions and claims" regarding alleged discrepancies on Hibiscus' part when disclosing information on Lime Petroleum Plc.
   
• Genetec Technology Bhd plans a share consolidation of every 10 existing shares into one consolidated share to reduce fluctuation in its share price.

Global News:

• Shares in Hong Kong and Shanghai rose in the first few minutes of trade on Monday following a strong US jobs report late last week while investors weigh China's decision to lower its economic growth outlook for this year.
   
• Oil prices opened strongly on Monday after rallying in the previous session, as tightening supplies supported the market and sentiment around a market recovery strengthened. Front-month Brent crude futures were trading at US$39.08 per barrel at 0019 GMT, up 36 cents from their last settlement. Commodity prices have been on the mend, with oil prices recovering more than 30 percent from January's 12-year lows, helped by hopes of measures to ease global glut.
   
• Hong Kong residential home sales plunged 70 per cent in February from a year earlier to a 25-year low as falling prices and economic uncertainty deterred buyers

FBMKLCI 07 Mar 2016 12:30PM