The FBM KLCI crossed the 1,600-point mark as trading resumed after the noon break, with investors closing watching the Budget 2021 vote.

KLCI crosses 1600 points, with eyes on Budget 2021 vote

Bursa Malaysia continued earlier uptrend at mid-afternoon, with key index soaring 2.213%, thanks to strong buying support in the index-linked counters, especially the banking-related stocks.

KLCI extends gains as banking stocks rise

News on opposition leader and PKR president Datuk Seri Anwar Ibrahim’s audience with the Yang di-Pertuan Agong Al-Sultan Abdullah Ri'ayatuddin Al-Mustafa Billah Shah earlier today appeared to have moved markets.

KLCI jumps as investors weigh news on Anwar’s audience with King

The FBM KLCI jumped more than 10 points in Bursa Malaysia afternoon trades today, partly helped by gains in oil and gas-related shares like MISC Bhd and Petronas Dagangan Bhd as crude oil prices steadied above US$40 a barrel after substantial overnight rise.

KLCI jumps as crude oil steadies above US$40/barrel

The local stock market's main index, the FBM KLCI, continued to be on an uptrend at mid-afternoon, in line with the underlying positive sentiment that drove bargain-hunting.

KLCI higher on bargain-hunting, institutional support

Bursa Malaysia resumed the afternoon session firmer thanks to the strong buying momentum in index-linked counters, led by Petronas Chemicals, as well as positive regional sentiments following better-than-expected China trade data for March.

Petronas Chemicals, small-caps lift Bursa

The FBM KLCI shaved some early gains in afternoon trades today, though it held steady in the positive region — at 2.79% higher than Tuesday’s close — after Putrajaya announced that the Movement Control Order period will be extended for another two weeks until April 14.

Malaysian stocks shave morning gains as partial lockdown extended

KUALA LUMPUR (March 20): The FBM KLCI rose in afternoon trades today with world equities and after Bank Negara Malaysia (BNM) said yesterday that the statutory reserve requirement (SRR) ratio for the country’s banks will be lowered by 100 basis points from 3.00% to 2.00% to inject more liquidity into the system.

Shares up as BNM SRR ratio cut salves wounded financial markets

KUALA LUMPUR (March 19): The FBM KLCI fell in afternoon trades today, as the sell-off across world markets continued despite effort to curb the Covid-19 pandemic.

At 3:41pm, the KLCI fell 20.51 points or 1.66% to 1,218.50, after falling to its lowest so far today at 1,207.80.

Malaysia stocks sell-off continues as Covid-19 offers no reprieve for world markets

The FBM KLCI fell nearly 2% in afternoon trades today amid a global recession spectre due to the Covid-19 pandemic.

At 3.49pm, the KLCI was down 26.61 points at 1,229.63 points on profit taking and as US stock futures and Asian equities fell amid a global recession spectre due to the Covid-19 pandemic.

Selling accelerates this afternoon, KLCI down nearly 2%

The FBM KLCI fell in afternoon trades today with global shares after Iran fired rockets at US-led forces in Iraq in retaliation to the US air strike which killed top Iranian commander Qassem Soleimani on Friday.

KLCI down as Iran retaliation news hit equities

The FTSE Bursa Malaysia KLCI (FBM KLCI) was still in the red across the board at mid-afternoon, led by continuous selling in consumer products such as Nestle, which dropped RM1.70 to RM144.80.

Bursa Malaysia in the red across the board

Bursa Malaysia resumed the afternoon session lower with the benchmark index remaining in the negative territory, weighed down by profit-taking in selected index-linked counters.

FBM KLCI stays lower on profit taking

Bursa Malaysia remained weaker at mid-afternoon today, weighed by losses in heavyweights led by Tenaga, Maxis and Axiata.

FBM KLCI remains in negative territory

Malakoff Corp Bhd has inked a partnership with China Northeast Electric Power Engineering & Services Co Ltd (NEPCS) for technical manpower supply for the operation and maintenance (O&M) of combined cycle power plant (CCPP) projects under NEPCS in Bangladesh.

Malakoff inks deal to expand operation and maintenance services to Bangladesh

TotalEnergies, a global energy supplier based in France, has stated its commitment to increasing its investment in Malaysia’s upstream oil and gas (O&G) sector, said Prime Minister Datuk Seri Anwar Ibrahim.

TotalEnergies has stated commitment to boost investment in Malaysia's upstream O&G sector — Anwar

It is April 2024, and we are well into the second quarter of the Year of the Dragon. Let’s take stock of the year so far for Malaysian investors. Asset class returns have been respectable, with volatility of returns being the key observation.

For example, the S&P 500 index is up 9.1...

Pitfalls & Pitch Calls: So far, so good in 2024?

Rich nations’ climate hypocrisy is accelerating global heating, pushing the planet closer to irreversible catastrophe, with its worst consequences borne by the poorest, both countries and peoples.

Climate injustice

While official and other discourses acknowledge or even invo...

My Say: Rich nation hypocrisy accelerating global heating

L’Occitane International SA’s billionaire owner Reinold Geiger is close to making an offer to take the skin-care company private, according to people familiar with the matter, in a deal that could value the firm at about US$7 billion (RM33.4 billion) including debt.

Billionaire Geiger said to near US$7b L’Occitane buyout

Last week, Communications Minister Fahmi Fadzil said a memorandum of understanding will be signed between the Malaysian Communications and Multimedia Commission and the Malaysian Investment Development Authority in a bid to accelerate the adoption of 5G networks, particularly by micro, small and medium enterprises (MSMEs).

Frankly Speaking: Accelerate 5G adoption via competitive pricing

After eight consecutive weeks of net selling, foreign investors shifted to become net buyers on Bursa Malaysia last week, with a total investment of RM292.2 million.

MIDF: Foreign investors ended eight weeks of selling with total inflow of RM292m last week

Asian stocks got off to a positive start on Monday ahead of the Federal Reserve's policy meeting later in the week, while the dollar broke past the psychologically key level of ¥160 for the first time in decades.

Asian shares rise as US Fed looms large; yen crumbles below key level

Shares of Turiya Bhd rallied on Monday to their highest in over three years after Tan Sri Mohan MK Swami and his partner agreed to acquire a 58% stake in the property management firm for RM52.86 million.

Turiya rallies to over three-year high with entry of Mohan Swami, partner

The Japanese yen hit its weakest levels since April 1990 on Monday, in trading thinned by a holiday in Japan and attempts by traders to test key levels and stop-loss orders in a nervous, illiquid market.

Yen trips past 160-per-dollar to April 1990 lows

Berjaya Corp Bhd (BCorp), which last week denied that its founder Tan Sri Vincent Tan Chee Yioun had participated in talks to revive a US$100 billion (RM477.60 billion) Forest City casino resort as reported recently, has lodged reports for the police to commence investigation into the above matter, specifically to, amongst others, ascertain and find out the purported “unnamed source” who disseminated complete untrue and false statements.

Berjaya Corp lodges police report to identify 'unnamed source' in Forest City casino resort debacle

KUALA LUMPUR (April 29): Mercury Securities Sdn Bhd has recommended investors “subscribe” ACE Market-bound Farm Price Holdings Bhd at an initial public offering (IPO) price of 24 sen and a fair value (FV) of 29 sen based on 13x FY2024F earnings per share, translating to 21% upside to IPO price.</...

Mercury Securities advises investors to subscribe ACE Market-bound Farm Price with fair value of 29 sen 

KOTA BHARU (April 28): Oil and gas exploration and production outfit Hibiscus Petroleum Bhd is looking to leverage the economic boom in the Tok Bali area (in Kelantan), by using it as one of its operating hubs.&nbsp;

Hibiscus Petroleum looking to leverage the economic boom in Tok Bali

Shares of YNH Property Bhd surged to their highest in three weeks after the real estate developer said it has remedied the technical default of its sukuk programme that led to a downgrade by MARC Ratings recently.

YNH Property surges 11% to three-week high after default remedy

When South Korea decided to host a US anti-ballistic missile system, the lucrative flow of tourists from neighboring China suddenly dried up. When Australia accused Beijing of meddling in its domestic politics and demanded answers over the origins of Covid-19, China stopped buying exports like coal, wine and beef.

US ramps up help as countries plan response to China’s bullying

An appliance maker in southern China is finding it hard to ship its products to Russia, not because of any problems with the gadgets but because China's big banks are throttling payments for such transactions out of concern over US sanctions.

China firms go 'underground' on Russia payments as banks pull back

Real estate developer UOA Development Bhd said it plans to launch two new projects worth an estimated RM2.7 billion in gross development value (GDV) this year.

UOA Development to launch two projects worth RM2.7b by June

RIYADH (April 28): Agrobank&nbsp;president and chief executive officer Tengku Ahmad Badli Shah Raja Hussin has been re-elected as vice-chairman of the Association of National Development Finance Institutions in Member Countries of the Islamic Development Bank (Adfimi) from 2025-2027.

Agrobank’s Tengku Ahmad re-elected as Türkiye-based Islamic bank association’s vice-chairman

KUALA LUMPUR (April 28): Malaysia believes there is a need to revisit commitments to sustainable development, efficient global resources and fair and balanced trade among countries, said the Ministry of Investment, Trade and Industry (Miti).

Zafrul: Trade-related and ESG measures must be fair to developing countries

The Japanese yen hit its weakest levels since April 1990 on Monday, in trading thinned by a holiday in Japan and attempts by traders to test key levels and stop-loss orders in a nervous, illiquid market.

Top Glove Corporation Bhd bagged the Platinum Trusted Brand Award in the Hygiene/Disposable Gloves category at the Reader’s Digest Malaysian Trusted Brand 2024 awards.

Asean-Gulf Cooperation Council should find mechanisms to advance trade, investment — Anwar

After eight consecutive weeks of net selling, foreign investors shifted to become net buyers on Bursa Malaysia last week, with a total investment of RM292.2 million.

Shares of Turiya Bhd rallied on Monday to their highest in over three years after Tan Sri Mohan MK Swami and his partner agreed to acquire a 58% stake in the property management firm for RM52.86 million.

Once renowned as avid overseas tourists, the Japanese are staying closer to home these days.

Weaker yen keeps Japanese tourists at home while visitors throng

Singapore Telecommunications on Monday forecast non-cash impairment provisions of S$3.1 billion (RM10.8 billion) for second-half of 2024 which would lead to the telecom giant reporting a net loss for the period.

Singtel sees US$2.3b impairment hit, net loss in 2H2024

L’Occitane International SA’s billionaire owner Reinold Geiger is close to making an offer to take the skin-care company private, according to people familiar with the matter, in a deal that could value the firm at about US$7 billion (RM33.4 billion) including debt.

US export controls on sending advanced computing chips to China are not meant to hold back China’s economy or technological development, Secretary of State Antony Blinken said during an interview with National Public Radio.

US chip bans not meant to hobble China’s growth, Blinken says

Asian stocks got off to a positive start on Monday ahead of the Federal Reserve's policy meeting later in the week, while the dollar broke past the psychologically key level of ¥160 for the first time in decades.

Mid-afternoon Market

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Mid-afternoon Market

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