<div class=newsTextDataWrapInner><p>KUALA LUMPUR (March 23): RHB Retail Research said Matrix Concepts Holdings Bhd is showing signs of extending its uptrend after breaking above the previous resistance on strong volume.</p></div>

<div class=newsTextDataWrapInner><p>In a trading stocks note today, the research house said as the 21-day simple moving average (SMA) line is curving higher, this shows that the uptrend is intact.</p></div>

<div class=newsTextDataWrapInner><p>“This positive bias is likely to be extended if it manages to stay above the immediate support of RM1.97.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“The next resistance levels are pegged at RM2.10, followed by RM2.20. If the support level of RM1.88 is broken, this trading set-up would be invalidated,” it said.</p></div>


RHB Retail Research said Matrix Concepts Holdings Bhd is showing signs of extending its uptrend after breaking above the previous resistance on strong volume.

Matrix Concepts showing signs of extending uptrend, says RHB Retail Research

Australian retail sales surprisingly fell in March as households faced the prospect of higher borrowing costs for longer. The currency declined.

Australian retail sales unexpectedly decline, currency drops

Rapid disinflation and resilient growth will help Asia-Pacific achieve a "soft landing" even though economic expansion is expected to slow over the next two years, the International Monetary Fund (IMF) said on Tuesday.

Asia-Pacific economies headed for 'soft landing', says IMF

Asian stocks inched higher on Tuesday as investors awaited a slew of economic data, corporate earnings and the US Federal Reserve's policy meeting, while the yen was slightly weaker a day after suspected intervention rescued it from 34-year lows.

Stocks in Asia rise, yen wobbles after volatile start to week

SHANGHAI (April 29): China's finance ministry on Monday urged qualified financial institutions to "actively participate" in government bond trading when the country expands its retail-focused OTC market next month, as Beijing prepares to ramp up treasury issuance.

All bonds issued ...

China urges active trading in government bonds as OTC market expands

Japan's factory output grew more than expected in March, government data showed on Tuesday, thanks largely to automakers resuming production after safety scandals.

Japan March factory output rises as vehicle production recovers

The Securities Commission Malaysia (SC) has updated its Investor Alert List.

SC adds two potential clones to Investor Alert List

RHB Investment Bank Research has maintained its “overweight” rating on the rubber products sector and said it expects glove makers to record positive quarter-on-quarter (q-o-q) net profit growth in the upcoming March quarterly reporting season.

RHB sees glove makers recording positive q-o-q net profit growth in March earnings

Indonesia's Ruang volcano off the island of Sulawesi erupted on Tuesday, spewing ash and lava, after an eruption earlier this month led to hundreds of evacuations and an airport closure.

Indonesia's Ruang volcano erupts again, alert status at highest

MKH Oil Palm (East Kalimantan) Bhd (MKHOP) opened at 63 sen in its Main Market debut on Tuesday, up 1.6% from its initial public offering (IPO) price of 62 sen.

MKH Oil Palm rises 1.6% to 63 sen in Main Market debut 

Hong Leong Investment Bank (HLIB) Research has valued ACE Market-bound Sin-Kung Logistics Bhd at 17 sen, based on 15x price earnings ratio on FY2024F of 1.1 sen.

HLIB values ACE Market-bound Sin-Kung Logistics at 17 sen

<p>KUALA LUMPUR (April 30): Here is a brief recap of some business news and corporate announcements that made the headlines on Monday (April 29):</p>

<p>QSR Brands and KFC Malaysia confirmed it suspended operations of its outlets to manage costs, amid news that over 100 of its outlets have ceased...

QSR Brands, Nestle, ViTrox, LPI Capital, Ajiya, YTL REIT, Tex Cycle, Gadang, HHRG, Sapura, MSC, Capital A, BSL, Oppstar

<p>YNH Property Bhd on Monday made a belated announcement about transactions involving its 6.49-acre land in Segambut, which it had inked an agreement in September last year to sell for RM59.58 million but revoked last week to have Chin Hin&nbsp;Group Property Bhd develop the plot in return for at least RM52 million.</p>


YNH makes belated announcement about transactions involving its Segambut land

<p>The Genting group companies' operations have recovered from the impact of the Covid-19 pandemic, and its earnings are expected to further grow, albeit more gradually, according to S&amp;P Global Ratings.</p>


S&P: Genting's operations have recovered from impact of pandemic, earnings to further grow

<p>Kossan Rubber Industries Bhd has clarified that the fire at a paint factory in Meru Industrial Park, Klang on Monday (April 29) had no impact on operations at its rubber glove factories.</p>


Fire outbreak at paint processing plant 'has nothing to do with Kossan Rubber Industries', says MD

<p>The regular market for US equities runs for 390 minutes on a standard trading day. But at the rate things are going, eventually the last 10 might be the only ones that matter.</p>


Increasingly, only last 10 minutes of US stock trading matter

<p>China needs to further reduce its Treasuries holdings, in part to lessen the potential leverage of Washington over its Asian rival, according to a paper published by a Chinese state think tank.</p>


China’s US Treasury holdings becoming ‘hostages,’ academic warns

<p>Elon Musk was in dire need of a quick win for Tesla Inc. If that meant flying to China a week after standing up Indian Prime Minister Narendra Modi, then so be it.</p>


Musk’s trip to Beijing after India snub shows power of China

<p>Integrated circuit (IC) design service provider Oppstar Bhd is collaborating with South Korea’s tech giant Samsung Electronics Co Ltd for the production of industrial ICs manufactured using Samsung’s 14 nanometre (nm) FinFET technology foundry process.</p>


Oppstar partners with Samsung to produce industrial integrated circuits

<p>HHRG Bhd was slapped with a RM58.18 million suit by Ooi Chieng Sim, in relation to a loan given out by the former executive chairman to the company.&nbsp;</p>


HHRG faces RM58 mil suit over alleged default of loan by ex-chairman

<p>MKH Oil Palm (East Kalimantan) Bhd (MKHOP) opened at 63 sen in its Main Market debut on Tuesday, up 1.6% from its initial public offering (IPO) price of 62 sen.</p>


<p>It’s “better to ask for forgiveness than permission” when it comes to complying with the law, the billionaire founder of the Binance cryptocurrency exchange once told his team, according to the US government.</p>


Binance and CZ’s fortunes are set to grow, jail or no jail 

<p>All routes along the Malaysia-Thailand border area in the districts of Tak Bai, Sungai Golok, and Weng have been temporarily closed following a bomb explosion and shooting incident that injured four police officers.</p>


Malaysia-Thailand routes in Tak Bai, Sungai Golok, and Weng temporarily closed

<p>Printed circuit board (PCB) company BSL Corp Bhd saw Doris Wong Sing Ee emerge as its substantial shareholder after Wong acquired 97 million BSL shares, raising her stake in the company to 7.104%.</p>


Metronic Global ED Doris Wong emerges as substantial shareholder of BSL

<p>Amy Wang was counting on a 100,000 yuan (RM65,743) subsidy promised by authorities in the eastern Chinese city of Weifang to fit and furnish an apartment she bought two years ago. Still waiting for the money, she is yet to move in.</p>


Strained Chinese cities struggle to pay home buying subsidies

<p>Samsung Electronics Co’s earnings surged after the semiconductor business returned to profitabilty for the first time since 2022, boosted by broad spending on artificial intelligence development.</p>


Samsung’s profit surges after AI boom reverses chip losses 

<p>Elon Musk’s net worth is soaring after it plunged to the lowest level in almost a year.</p>


Musk’s fortune soars by most since before Twitter purchase

<p>US stocks ended higher on Monday, with sharp gains for Tesla and Apple leading the way, as investors looked toward what the Federal Reserve would say about the interest rate outlook after its policy meeting this week.</p>


Wall Street stocks finish higher as investors focus on Fed moves

<p>Paramount Global replaced CEO Bob Bakish with a trio of executives, the company announced on Monday in the middle of talks with David Ellison's Skydance Media about a possible merger.</p>


Paramount replaces CEO with trio as it talks merger with Skydance

<p>As projections for all the copper needed in the clean-energy transition help send prices of the wiring metal to two-year highs, a new report highlights the risks to future metal supplies from climate change.</p>


Half of all copper mining at drought risk with climate change

<p>Hong Leong Investment Bank (HLIB) Research has valued ACE Market-bound Sin-Kung Logistics Bhd at 17 sen, based on 15x price earnings ratio on FY2024F of 1.1 sen.</p>
