MY CLOSING BELL REVIEWS | LAST MINUTE REVIEWS, KLCI CLOSED UP 0.15 POINTS
The market generally expects the US inflation index to rise in August, which in turn affects the Federal Reserve to maintain a hawkish pace of interest rate hikes, while the overall Asian stock market generally falls.
$FTSE Bursa Malaysia KLCI Index(.KLSE.MY$The market opened at 1447.03 points on Wednesday. Although it fell to 14044.81 points, it successfully returned to the 1,450 point level with the support of many heavyweight stocks.
As of closing at 5 p.m., the FTSE Composite Index closed at 1453.54, starting at 0.15 points, or 0.01%.
The full-day trading volume was 2.5 billion shares, with a transaction value of RM1.8 billion.
The FTSE Malaysia All Stock Index closed at 10,706.01 points, starting at 5.91 points.
There were 405 rising stocks, 480 falling stocks, 440 had no ups or downs, and 1,000 had no transactions.
Also, as of 5 p.m., the ringgit was at the level of 4.6820 to the US dollar.
Source: Nanyang Siang Pau, Klse Pulse
Focus attention
Malaysia should not stand on the sidelines between China and the US · Anwar hopes to maintain the relationship with ASEAN policies
Prime Minister Dato' Sri Anwar stressed that Malaysia, as a sovereign country, must be independent and should not be forced to stand on the sidelines between the US and China.
Speaking during the “conversation with the Prime Minister” session of the 2023 Milken Institute Asia Summit in Singapore on Wednesday, he hoped that Malaysia would maintain a close relationship with the US and China in line with the current ASEAN policy.
“As for you to either cooperate with China or the US... no, why are we suffering and being manipulated? I mean, as an independent country, we have to be very independent and autonomous.”
Referring to Vietnam's willingness to take a stand to get closer to the US, will other ASEAN countries lose to Vietnam? Anwar indicated that it is not worried because Malaysia's relationship with the US government, investors and companies remains strong.
“I don't expect much of a problem. US President Joe Biden chose to visit Vietnam, which is a good thing for Vietnam because they have suffered so much in the past. Now is the time for the US to pay more attention to (Vietnam). I have no opinion on that.”
According to media reports, the US and Vietnam recently agreed to elevate the relationship between the two countries to a comprehensive strategic partnership. This is the highest level of diplomacy among Southeast Asian countries, and is on par with China, Russia, India, and South Korea.
On the other hand, Anwar expressed concern about competition between China and the US. ASEAN can play a role through contacts with China and the US, calling on the two countries to ease the tense situation, as the tension is affecting countries in the region.
He said that at the recent ASEAN summit held in Jakarta, 10 member states had talks with the two superpowers in the same forum and asked China and the US to ease the tension in the South China Sea.
Fruit powder, take a look! iPhone 15 series can be pre-ordered on the 22nd
Look at the fruit powder! $Apple(AAPL.US$The iPhone 15 series phones will be available for pre-order next Friday (22nd) and will officially go on sale on the 29th. The price will jump from RM4,399.
According to Apple Malaysia's official website, the official sales price of the iPhone 15 series is: RM4,399 for the entry-level iPhone 15 and RM4,899 for the advanced iPhone 15 Plus.
The premium iPhone 15 Pro costs RM5,499 and the iPhone 15 Pro Max costs RM6499.
The 4 iPhones 15 are fully equipped with USB-C ports.
The iPhone 15 and iPhone 15 Plus are made of aluminum, and the weight costs are 171 grams and 201 grams, respectively.
The iPhone 15 Pro and iPhone 15 Pro Max are made of titanium and weigh 187 grams and 221 grams, respectively, which are 18 grams and 19 grams lighter than the previous generation, respectively.
Focus on individual stocks
$CAPITALA(5099.MY$Its subsidiary AirAsia announced that it has reached a new agreement with engine supplier CFM International to fully restart its 204 aircraft.
According to the statement, CFM International is committed to improving the stability of the on-site fleet and 24/7 virtual monitoring of AirAsia's LEAP-1A engine operations.
The move also provided a key catalyst for the group to restore its full fleet while reducing maintenance and operating costs.
Capital A CEO Tan Sri Tony Fernandes said, “This year, we have made tremendous progress in resuming aircraft and restarting operations, and have balanced the mismatch between the cost of 204 aircraft and the revenue of an average of 143 aircraft.”
“Today, we have restored 175 aircraft. The stability of CFM's international fleet has provided an important catalyst for the Group to resume full activation.”
“We look forward to final quarter results, when we will see the real performance of AirAsia's overall fleet.”
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Source: Nanyang Siang Pau, Klse Pulse
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