<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Aug 15): RHB Retail Research said the bullish expectation for the FBM Small Cap Index (FBMSC) continues.</p></div>

<div class=newsTextDataWrapInner><p>In a technical analyser today, the research house said the FBMSC posted a 125.06-point increase at yesterday's close to 15,068.05 points.</p></div>

<div class=newsTextDataWrapInner><p>The research house said this left a white candle after having oscillated between a low of 14,947.03 points and high of 15,079.49 points — showing no continuation of the bearish bias it saw in the prior session.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>"Overall, the bullish bias since early April continues to exert itself.</p></div>

<div class=newsTextDataWrapInner><p>"Based on the immediate view, chances are high for the index to test the 15,188-point resistance in the coming sessions.</p></div>

<div class=newsTextDataWrapInner><p>"This is also supported by the 14-day RSI indicator located above the 50-point neutral level at 65.60 points, suggesting that market strength is present," it said.</p></div>

<div class=newsTextDataWrapInner><p>At the midday break today, the FBMSC rose 0.43% or 65.52 points to 15,133.57.</p></div>


KUALA LUMPUR (Aug 15): RHB Retail Research said the bullish expectation for the FBM Small Cap Index (FBMSC) continues.

In a technical analyser today, the research house said the FBMSC posted a 125.06-point increase at yesterday's close to 15,068.05 points.

The research house s...

FBM Small Cap Index likely to test 15,188pts, says RHB Retail Research

Bursa Malaysia remained in positive territory at the midday break on Wednesday, supported by continuous buying in selected heavyweight counters, especially in the telecommunications and media sectors.

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BENGALURU (April 24): Bharti Airtel is not in talks to buy UK-based Vodafone Group's 21.05% stake in Indus Towers, the Indian telecom operator said on Wednesday, after a newspaper reported that it was eyeing the stake.

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Capital A Bhd’s board of directors has decided to extend Tan Sri Tony Fernandes' tenure as the chief executive officer for another five years, and as a strategic adviser to the airlines business, which is poised to be merged into AirAsia X Bhd.

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Farm Price Holdings Bhd on Wednesday began taking orders from investors for its initial public offering (IPO) on the ACE Market to raise up to RM32.4 million.

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<p>Rakuten Trade said NationGate Holdings Bhd may extend its upward trajectory after breaking out from its one-month rectangular pattern on Tuesday.</p>


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<p>Farm Price Holdings Bhd on Wednesday began taking orders from investors for its initial public offering (IPO) on the ACE Market to raise up to RM32.4 million.</p>

<p>The IPO, priced at 24 sen apiece, involves a public issuance of 102 million new shares as well as an offer for sale of 33 million existing shares, according to its prospectus. All in, the listing offers investors a 30% stake in the Johor-based wholesalers and vegetables distributor.</p>


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<p>Shares of DXN Holdings Bhd surged on Wednesday to its highest in more than a month as analysts continued to urge investors to buy the stock after the health supplement company’s fourth-quarter (4Q) results.</p>


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<p>Global shares rose on Tuesday, with investors on Wall Street focused on earnings reports from the US megacaps, and the yen tumbled to multi-year lows against the dollar and the euro.</p>


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<p>Capital A Bhd’s board of directors has decided to extend Tan Sri Tony Fernandes'&nbsp;tenure as the chief executive officer for another five years, and as a strategic adviser to the airlines business, which is poised to be merged into AirAsia X Bhd.</p>


<p>Bursa Malaysia opened higher on Wednesday, tracking Wall Street's upbeat overnight performance, as confidence was buoyed by a spate of solid corporate earnings that many see as a precursor of those from the mega caps which will be reported over the next few days, said an analyst.</p>


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<p>US stocks closed higher on Tuesday following positive earnings from top-tier companies and as investors were focused on quarterly results from Magnificent Seven and other megacap growth stocks.</p>


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<p>Analysts predict a decline in earnings for Malaysian automotive companies in 2024, attributed to lower sales volumes and higher operating costs, coupled with the emergence of several Chinese original equipment manufacturers (OEMs) offering attractive pricing.</p>


<p>Haily Group Bhd shares continued their uptrend on Wednesday to a near all-time high, after the construction outfit won a RM109.5 million contract for terrace houses in Pontian, Johor.</p>


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<p>Meta Bright Group Bhd said its wholly owned subsidiary FBO Land (Serendah) Sdn Bhd and Doople Tech Sdn Bhd have entered a solar supply agreement with Cherengin Hills Sdn Bhd, following its recent collaboration with Doople to form a joint venture (JV) company to bid for renewable energy (RE) projects with a Bumiputera equity requirement.</p>


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<p>RHB Retail Research said Censof Holdings Bhd is observing a technical breakout after climbing above the 26.5 sen immediate resistance on surging trading volume.</p>


Censof observing technical breakout, says RHB Retail Research 

<p>The ringgit rebounded in early trade on Wednesday as the US dollar retreated after S&amp;P Purchasing Managers' Index (PMI) data disappoint.</p>


Ringgit rebounds on softer US dollar after PMI data

<p>Bursa Malaysia remained in positive territory at the midday break on Wednesday, supported by continuous buying in selected heavyweight counters, especially in the telecommunications and media sectors.&nbsp;</p>


<p>One of the world’s busiest land checkpoints is set to become less congested as Malaysians travelling to Singapore on factory buses will be able to clear immigration through QR code.</p>


<p>This was supposed to be the year that Vietnam reaped the benefits from one of its largest natural gas discoveries.</p>


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<p>Mergers and acquisitions (M&amp;A) activities fell to the lowest in a decade in 2023. According to the “Global M&amp;A Report” published by Bain &amp; Co, the total M&amp;A market fell by 15% year on year last year to US$3.2 trillion, the lowest in a decade.</p>
