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Market

Ringgit Ends Lower vs US Dollar On Profit-taking After Recent Gains

KUALA LUMPUR, Feb 13 (Bernama) -- The ringgit ended the week lower against the US dollar after hitting a fresh high on Thursday, as investors locked in gains ahead of a shortened trading week due to the upcoming Chinese New Year holiday.

Gold Futures Snap Five-Day Rally To Close Lower

KUALA LUMPUR, Feb 13 (Bernama) -- Gold futures on Bursa Malaysia Derivatives ended a five-day winning streak to settle lower on Friday, despite continued strength in the US COMEX gold market.

FBM KLCI Futures Close Lower

KUALA LUMPUR, Feb 13 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures on Bursa Malaysia Derivatives ended lower today.

Pre-CNY Profit-taking, Global Tech Concerns Drag Bursa Malaysia To Close Lower

KUALA LUMPUR, Feb 13 (Bernama) -- Bursa Malaysia finished lower on Friday as investors continue locking in gains ahead of the Chinese New Year break next week, while concerns over global technology stocks continue to dampen investor sentiment and risk appetite.

Corporate

Gamuda Land Reaffirms Malaysia Focus, Highlights 'Money Mari Home' Initiative

KUALA LUMPUR, Feb 13 (Bernama) -- Gamuda Land, the property arm of Gamuda Bhd, said Malaysia remains its core market within its geographically diversified portfolio as it continues to strengthen its regional footprint across Malaysia, Vietnam, Singapore, Australia and the United Kingdom.

'Velocity' Is The New Competitive Edge

By Fatin Umairah Abdul Hamid

Johor Plantations Group A 'Buy' On Improved Valuation - HLIB

KUALA LUMPUR, Feb 13 (Bernama) -- Hong Leong Investment Bank Bhd (HLIB) has revised its call on Johor Plantations Group Bhd (JPG) to a “Buy” from a “Hold” as valuations of the company become more compelling following its earnings revision and the recent share price pullback.