Page 58 - Equities News Today

The European Central Bank is expected to leave rates unchanged; markets will be watching for hints about future moves during news conference with ECB chief Christine Lagarde

Having found itself caught up in the big Nasdaq 100 sell off in 2022 as its share price fell from peaks of $400 to as low as $102 in 2022 the Tesla share price managed to rebound to just shy of $300 in the summer of 2023, before establishing a short-term base just above $190 a share in October last year.

Asian equities were mixed overnight as China outperformed.

KUALA LUMPUR: Bursa Malaysia defied expectations in early trading by staying on a hot rally despite a stumble in US markets.

Broad external factors are often pointed out as gloom-casters but that doesn’t eclipse the worry that equities in general have exceeded levels justifiable by likely future earnings.

A look at Wednesday morning’s market action

KUALA LUMPUR: Bursa Malaysia extended its rally for a fourth straight day, defying expectations of profit-taking prior to Bank Negara's announcement of its latest interest rate decision.

Netflix shares rally on the streaming company’s latest quarterly results

The AUM of Ireland-domiciled funds rose 40% year-on-year to ₹3.32 lakh crore ($40 billion) at the end of December 2023, while the total FPI equity AUM expanded by 26% to ₹61.32 lakh crore ($737 billion). Consequently, the share of Ireland-based funds in Indian equities rose to 5.42% - a record-high level, according to the NSDL data.

KUALA LUMPUR: Bursa Malaysia Bhd and its subsidiaries will be closed on Thursday, Jan 25, 2024, in conjunction with Thaipusam.