(RTTNews) - The Malaysia stock market has finished lower in back-to-back sessions, sinking almost 15 points or 0.9 percent in that span. The Kuala Lumpur Composite Index now sits just beneath the 1,700-point plateau although it's due for support on Tuesday. The global forecast for the Asian markets is upbeat on easing crude oil prices. The European and U.S. markets were up and the Asian bourses ar...
(RTTNews) - The Malaysia stock market has finished lower in back-to-back sessions, sinking almost 15 points or 0.9 percent in that span. The Kuala Lumpur Composite Index now sits just beneath the 1,700-point plateau although it's due for support on Tuesday. The global forecast for the Asian markets is upbeat on easing crude oil prices. The European and U.S. markets were up and the Asian bourses are expected to follow that lead. The KLCI finished slightly lower on Monday following mixed performances from the financial shares, industrials, telecoms and plantations. For the day, the index dipped 2.29 points or 0.13 percent to finish at 1,696.56 after trading between 1,688.46 and 1,701.18. Among the actives, 99 Speed Mart Retail sank 0.28 percent, while AMMB Holdings fell 0.15 percent, Axiata vaulted 1.35 percent, Celcomdigi added 0.31 percent, CIMB Group perked 0.04 percent, Gamuda and YTL Corporation both retreated 1.19 percent, IHH Healthcare improved 0.68 percent, Kuala Lumpur Kepong declined 0.61 percent, Maxis tanked 2.36 percent, Maybank rallied 1.41 percent, MISC and RHB Bank both slumped 0.48 percent, MRDIY plunged 2.42 percent, Nestle Malaysia shed 0.20 percent, Petronas Chemicals plummeted 3.58 percent, Petronas Dagangan surged 3.01 percent, Petronas Gas increased 0.57 percent, PPB Group stumbled 2.28 percent, Press Metal advanced 0.79 percent, Public Bank collected 0.21 percent, Sime Darby climbed 1.29 percent, SD Guthrie jumped 1.75 percent, Sunway gained 0.19 percent, Telekom Malaysia dropped 0.41 percent, Tenaga Nasional dipped 0.14 percent, YTL Power tumbled 1.77 percent and IOI Corporation and QL Resources were unchanged. The lead from Wall Street is positive as the major averages opened higher on Monday and remained firmly in the green throughout the trading day, snapping a four-day losing streak. The Dow jumped 387.94 points or 0.83 percent to finish at 46,946.41, while the NASDAQ rallied 268.82 points or 1.22 percent to end at 22,374.18 and the S&P 5...
Cannabis is not an effective treatment for common mental health conditions despite the global surge in patients using it for that purpose, a review has found. Researchers concluded there was “very little evidence for its efficacy” in treating anxiety, anorexia nervosa, psychotic disorders, post-traumatic stress disorder or opioid use disorder. Experts from universities in Sydney, Brisbane and Melb...
Cannabis is not an effective treatment for common mental health conditions despite the global surge in patients using it for that purpose, a review has found. Researchers concluded there was “very little evidence for its efficacy” in treating anxiety, anorexia nervosa, psychotic disorders, post-traumatic stress disorder or opioid use disorder. Experts from universities in Sydney, Brisbane and Melbourne in Australia and Bath in England undertook the largest and most comprehensive analysis to date of the evidence for using cannabinoids – cannabis-based therapies – to treat substance misuse and mental health disorders. Their review was prompted by the legalisation of cannabis as a treatment for both types of condition by countries including the US, the UK, Australia and Canada. Evidence from clinics that dispense cannabis for medical purposes say mental illnesses such as anxiety and depression are the main reasons cited by patients, followed by chronic pain, with some suffering from both. The medical products can reduce dependence on cannabis, relieve the symptoms of Tourette syndrome and help insomniacs sleep better, according to some evidence analysed by the researchers. They also seem to help reduce autistic traits displayed by those with autism spectrum disorder, although those findings were based on “low” quality evidence. However, there was no reason to believe medicinal cannabis helped tackle mental health conditions, the researchers added. “There were no significant effects on outcomes associated with anxiety, anorexia nervosa, psychotic disorders, post-traumatic stress disorder and opioid use disorders,” they wrote in The Lancet Psychiatry after reviewing 54 randomised controlled trials involving 2,477 participants. There was too little evidence as to whether cannabinoids helped to tackle attention deficit hyperactivity disorder, bipolar disorder, obsessive compulsive disorder and tobacco use disorder, and none at all for whether it was an effective treatment ...
Rising temperatures are making physical activity undesirable and even dangerous in many parts of the world, and as global heating worsens, it will further affect how much people are able to move. Researchers analysed data from 156 countries between 2000 and 2022 and modelled how rising temperatures may affect physical activity globally by 2050. They found that each additional month with an average...
Rising temperatures are making physical activity undesirable and even dangerous in many parts of the world, and as global heating worsens, it will further affect how much people are able to move. Researchers analysed data from 156 countries between 2000 and 2022 and modelled how rising temperatures may affect physical activity globally by 2050. They found that each additional month with an average temperature above 27.8C would increase physical inactivity by an average of 1.5 percentage points globally, with an even higher increase of 1.85 points in low and middle-income countries. Physical inactivity increases the risk of cardiovascular disease, type 2 diabetes, certain cancers and mental health disorders, all of which shorten life expectancy, said the study’s lead author, Christian García-Witulski, a research fellow at the Lancet Countdown Latin America and a professor at the Pontifical Catholic University of Argentina. Reduced physical activity is already a big global health problem and is responsible for an estimated 5% of all adult deaths, according to the study, which was published in the Lancet Global Health journal. About a third of the world’s population fails to meet World Health Organization guidelines for weekly exercise. The study projects that the increase in physical inactivity could contribute to about half a million additional premature deaths annually and $2.4bn – $3.68bn in productivity losses by 2050. The biggest increases in inactivity are projected to be in hotter regions such as Central America, the Caribbean, eastern sub-Saharan Africa, and equatorial south-east Asia, where inactivity could rise by more than four percentage points a month. “This is not just a climate story, it is also an inequality story. The places expected to face the greatest increases in climate-driven inactivity are often the same places with fewer resources to adapt,” said García-Witulski. “In settings where people have less access to cooling, fewer safe indoor alternat...
South Korea and Japan have led declines in global stock markets amid the oil shock, underscoring how supply disruptions in the Middle East are weighing on growth in economies heavily reliant on fuel imports. The Kospi index in Seoul has slumped 12 per cent since the US-Israel war with Iran broke out on February 28, while Tokyo’s Nikkei 225 has slid nearly 9 per cent. South Korea last week moved to...
South Korea and Japan have led declines in global stock markets amid the oil shock, underscoring how supply disruptions in the Middle East are weighing on growth in economies heavily reliant on fuel imports. The Kospi index in Seoul has slumped 12 per cent since the US-Israel war with Iran broke out on February 28, while Tokyo’s Nikkei 225 has slid nearly 9 per cent. South Korea last week moved to cap oil price increases to limit inflation , while rising crude costs added to price pressures in Japan, complicating the Bank of Japan’s efforts to tame inflation without curbing growth. The sell-offs in the two nations have been steeper than in Europe, where benchmarks in the UK, Germany and France have dropped around 7 per cent on reliance on Gulf gas imports. Hong Kong’s Hang Seng Index has fallen more than 4 per cent, while China’s CSI 300 Index has been the best performer globally with a decline of less than 1 per cent thanks to its exposure to renewable energy . The S&P 500 has dropped 3.6 per cent. Advertisement “Equity markets in Japan, Korea and Taiwan have sold off sharply as investors reacted to higher oil prices and geopolitical uncertainty,” said Ray Sharma-Ong, deputy global head of multi-asset bespoke solutions at Aberdeen Investments. “These economies are net energy importers, which partly explains the negative market reaction. The sell-off also reflects a risk-off rotation out of cyclical sectors into defensive assets.” Investor focus has shifted to oil prices after Iran’s blockade of the Strait of Hormuz choked global flows. Photo: Reuters Oil shock has gripped global financial markets over the past two weeks, with investors’ focus shifting to oil prices after Iran’s blockade of the Strait of Hormuz choked global flows. Rising crude has stoked stagflation jitters, complicating central banks’ policy path to monetary easing , which supports stocks. With crude trading above US$100 a barrel, economists estimate it could add 0.7 percentage points to global in...
Key Points That pundit is now convinced the shares are a buy. The company could be looking at 20% revenue growth this year, after all. 10 stocks we like better than ServiceNow › Is the Great Software Stock Rout over? It's too soon to say, but some titles in the category enjoyed a bit of a comeback Monday. One was ServiceNow (NYSE: NOW), a specialist in optimizing IT workflows in businesses. Invest...
Key Points That pundit is now convinced the shares are a buy. The company could be looking at 20% revenue growth this year, after all. 10 stocks we like better than ServiceNow › Is the Great Software Stock Rout over? It's too soon to say, but some titles in the category enjoyed a bit of a comeback Monday. One was ServiceNow (NYSE: NOW), a specialist in optimizing IT workflows in businesses. Investors traded the company up by more than 1.1%, which was just good enough to beat the S&P 500 index's 1% bump. An analyst upgrade had more than a little to do with that. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » From hold to buy That upgrade was made by BNP Paribas Exane's Stefan Slowinski, who currently rates ServiceNow stock outperform, rather than his previous neutral. He also thinks it could hit $140 per share; his previous level was $120. According to reports, Slowinski believes ServiceNow has the qualities to succeed in the beaten-down software space. Specifically, the analyst believes a company needs to show stabilization in its core business, increased monetization of its artificial intelligence (AI) functionalities, and decent profit margins. Slowinski feels that the company is still in front of encouraging growth opportunities, to the point where it could post a roughly 20% increase in subscription revenue this year over last. AI for the win ServiceNow is an assertive and enthusiastic adopter of AI, and as such, I think this gives the company an edge. Its latest offerings lean heavily into active AI assistance, and this dovetails nicely with the needs of modern enterprises. ServiceNow stock was unfairly punished in many ways recently, and it's deserving of at least a new look by investors. Should you buy stock in ServiceNow right now? Before you buy stock in ServiceNow, consider this: The Mo...
When it comes to investing, small investors may only have an amount of around $2,000 to either start a portfolio or add to their holdings. While that may not sound like a lot of money, some investors have built fortunes on less, and certainly, a comparatively modest goal like doubling your money is well within reach. Admittedly, events or actions that you cannot anticipate may derail an investment...
When it comes to investing, small investors may only have an amount of around $2,000 to either start a portfolio or add to their holdings. While that may not sound like a lot of money, some investors have built fortunes on less, and certainly, a comparatively modest goal like doubling your money is well within reach. Admittedly, events or actions that you cannot anticipate may derail an investment thesis. Nonetheless, barring such an event, these two retail stocks are in a position to double in value. Chewy Although it performed well in the early part of the decade, many investors may have forgotten about Chewy (CHWY 1.30%) stock. During the pandemic, the online pet retailer surged in popularity as locked-down consumers shopped at home, and customers responded well to its low prices and focus on customer service. Unfortunately, investors turned on Chewy when more customers returned to offline shopping, and the stock became an afterthought. The stock has traded in a range since the middle of 2022, and it is down by almost 80% from its pandemic highs. Expand NYSE : CHWY Chewy Today's Change ( -1.30 %) $ -0.33 Current Price $ 25.14 Key Data Points Market Cap $11B Day's Range $ 24.92 - $ 25.60 52wk Range $ 23.06 - $ 48.62 Volume 177K Avg Vol 7.9M Gross Margin 28.58 % However, investors who watched more closely saw that its sales did not stop growing just because the pandemic ended. Chewy seems to have taken a page from retailers like Amazon and added new promotions and business lines. Similar to Amazon Prime, Chewy Plus offers free shipping with no minimums, 5% rewards on every order, and other exclusive offers for an annual fee. Also, Chewy has branched out into pharmaceuticals for pets, and it now offers telehealth services for pets. Amid its offerings, analysts forecast 6% revenue growth for fiscal 2025. They expect that to rise to 8% in the next fiscal year, implying that its new business initiatives will affect its financials positively. Improving valuations could ...