Month: March 2024

State construction and toll road firms (1): Results & Outlook

Shares of state toll road operator Jasa Marga (JSMR) ended lower by 1.4% on Tuesday (Mar 5) even when it posted huge profit of Rp6.75 trillion last year, surged by 191% from 2022. Investors have anticipated the surge because most were derived from one-time accounting gain in fair value of investments in associates. 

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Palm Oil Trades Higher

Malaysian palm oil futures hovered above MYR 3,970 per tonne after falling as low as MYR 3,940 in the prior session, supported by firmer crude oil prices and hopes of solid demand ahead of the fasting month of Ramadan and the...

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Gold Breaks Above $2,100 For the First Time

Gold reached a record high of $2,115 per ounce on Monday, following a nearly 2% increase in the previous session as investors bet that the Federal Reserve would begin cutting interest rates in the latter half of the year. Last...

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Oil Drops as OPEC Extends Supply Cuts

WTI crude fell to $78.7 per barrel on Monday, following a 4.5% gain last week, as OPEC and its allies agreed to extend voluntary production cuts until the end of June. The drop came after OPEC and its allies agreed to extend...

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