BITCOIN is nearing the key$ 50, 000 level as it continues to rise out of a multi-month period of weakness. The largest cryptocurrency reached as high as$ 49, 704, the highest since May 16, midday Saturday in New York.... Still, it’s up significantly in the past year amid institutional adoption and endorsements from big names like Paul Tudor Jones and Stan Druckenmiller.... Global crypto adoption has risen some 881% in the past 12 months, according to Chainalysis....

KUALA LUMPUR: The FBM KLCI opened higher but drifted lower thereafter.At 9. 09am, the FBM KLCI was 3.26 points lower at 1, 599.17 after opening marginally higher at 1, 606.14.TA Securities said the recovery in technical momentum and trend indicators following last week's moderate recovery on the FBM KLCI implies there could be further sustainable gains toward this month-end. The research house said the higher probability for first quarter window-dressing gains and rising optimism over the immine

KUALA LUMPUR: The FBM KLCI trend higher Wednesday, tracking the overnight gains at Wall Street, as Public Bank and Tenaga Nasional lifted. The benchmark index added 3.45% to 1, 496.13 at 9. 05am with 205 gainers, 109 losers, and 207 traded unchanged.... Turnover stood at 334.45 million units worth RM120. 09mil. Overnight, the Dow Jones Industrial Average rose 561 points, or 1.6%, while the SP 500 gained 1.8%, and the Nasdaq Composite advanced 2.4%.TA Securities Research said stocks should conti

MUMBAI: Investors still betting on India’s small-cap stocks to rally may need to be more selective as the market slumps. The SP BSE Small Cap Index has retreated 9% from a record high after hitting the top end of a logarithmic, parallel channel originating from the 2013 lows, suggesting that the drop may not be over given the extent of the rally.“ We have seen some declines already kicking in, and going forward, the recovery will be more stock specific, ” said Ashish Chaturmohta, director of res

KUALA LUMPUR: Bursa Malaysia finished marginally lower at midday as cautious sentiment weighed on buying patterns amid the absence of market-moving factors.At 12. 30pm, the benchmark FBM KLCI finished at 1, 527.76, down 0.13 of-a-point, after fluctuating between 1, 533.11 and 1, 521.44.In the broader market, decliners outnumbered gainers 602 to 283 while 444 counters were unchanged.... Turnover stood at 2.41 billion shares worth RM1. 47bil. Overnight, the Dow Jones Industrial Average fell 1.78%

KUALA LUMPUR: Bursa Malaysia rebounded in early trade as investors took to bargain-hunting for oversold counters.At 9. 18am, the FBM KLCI was up 1.87 points to 1, 529.50. Broader market sentiment was cautious, with 298 losers outpacing 159 gainers and 273 counters which traded unchanged.“ Despite the jittery market undertone, we continue to maintain our cautiously optimistic view and expect bargain hunting activities to emerge due to cheap valuations of Malaysian stocks and improving economic la

KUALA LUMPUR: Bursa Malaysia and key regional markets fell early Friday as investor sentiment was affected by the overnight tumble on Wall Street. The FBM KLCI plunged 24.40 points, or 1.66% to 1, 448.37 at 9. 14am, with 28 out of the 30 constituent counters falling into the red. The regional index, MSCI Asia Pacific Index fell 0.62%. Overnight, the Dow Jones Industrial Average( DJIA) dropped 2.42%, or 741.46 points, to 29, 927.07, while the SP 500 slipped 3.25% to 3, 666.77. The Nasdaq Composit

KUALA LUMPUR: The FBM KLCI ended lower on profit-taking in index-linked stocks, leaving the index in the red at midday. The benchmark index was down 5.52 points to 1, 525.81 at 12. 30pm.... The index opened 4.44 points higher at 1, 535.77 this morning. There were 382 stocks advancing against 547 stocks declining while 421 counters unchanged.... Trading volume stood at 1.78 billion units worth RM1. 18bil. Rakuten Trade Sdn Bhd expects the index to remain under selling pressure over the short te

Turnover was 602.36 million shares valued at RM368. 74mil.... U.S. futures edged up following the SP 500’s best day since March. Results from major U.S. banks beat estimates, while chipmaker Taiwan Semiconductor Manufacturing Co. predicted a bullish year-end.... The research house believes the KLCI to possibly stage a mild rebound today and expect the index to trend within the 1, 590-1, 600 range today.At Bursa, tech related stocks climbed....

NEW YORK: Bitcoin extended losses, deepening its December decline and breaching key technical levels. The token fell as much as 7.2% on Tuesday to trade at US$ 47, 321( RM197, 872.76), which is below its 200-day moving average.... Ether, the second-largest coin, and the Bloomberg Galaxy Crypto Index were also in the red, with each falling roughly 7%. Smaller tokens such as solana, cardano, polkadot and meme token dogecoin also lost ground, according to tracker CoinGecko. The plunge likely accel