Healthcare stocks still have legs to run following a recent rally and investors should continue to buy hospital operators for their further earnings growth this year, analysts said.

KPJ, IHH extend rally as analysts bet on upside

Bursa Malaysia-listed energy stocks, which initially seemed to be rallying for the third straight day as the Energy Index made another attempt at charting a fresh three-year high as analysts flagged higher crude oil prices amid an escalation in the Middle East crisis, closed mix on Monday.

Energy stocks' rally on Bursa sputters at Monday's close

Shares of Tomei Consolidated Bhd and Poh Kong Holdings Bhd hit new all-time highs on Monday, as gold prices extended their record rally amid speculative buying and escalated geopolitical tensions in the Middle East.

Tomei, Poh Kong soar to new all-time highs as gold prices extend rally

Shares in gold-related counters, including Poh Kong Holdings Bhd, Tomei Consolidated Bhd, and Bahvest Resources Bhd, rose during Thursday morning trade, as gold prices surged to a record high after the US Federal Reserve (Fed) left interest rates unchanged.

Gold-linked stocks shine as metal's price hits record high

Interest in gold-related counters surged as the precious metal reached a near record high of US$2,195 per oz last Friday, before paring gains to its current price of  US$2,180.50 per oz.

During early trade, leading the pack was Poh Kong Holdings Bhd, which gained 4 sen or 4.47% to 93.5 sen valuing the company at RM381.6 million, with 3.98 million shares changing hands.

Interest in gold-related stocks spurred by record high commodity price 

Ekovest Bhd and Iskandar Waterfront City Bhd (IWCity), two companies linked to tycoon Tan Sri Lim Kang Hoo, were actively traded in Tuesday's morning trade on Bursa Malaysia.

Ekovest, Iskandar Waterfront climb in active trade on 10-year development plan in Johor worth RM4.33b GDV 

KUALA LUMPUR (Feb 23): Plantation stocks retreated on Friday as a slew of weaker-than-expected earnings in the sector stoked concerns over further upside in share prices following the recent rally.

Plantation stocks retreat as weak earnings stoke concerns

Investors were cautious following the demise of former Sarawak governor Tun Abdul Taib Mahmud, who controlled substantial stakes in several companies listed on Bursa Malaysia.

Taib Mahmud-linked stocks dip after former Sarawak governor's demise

Banking and financial services stocks were among the top gainers on Tuesday, with several stocks climbing to new record highs, marking a bullish start to the Lunar New Year of the Dragon.

Banking stocks make roaring entry into Dragon Year with fresh record highs

YTL Power International Bhd and its parent company YTL Corp Bhd were among the most actively traded stocks in Tuesday morning trade, following the announcement that the two stocks will be added to the MSCI Malaysia Index, effective from Feb 29.

YTL Power, YTL Corp, Dialog actively traded after MSCI Malaysia Index review

Glove stocks lost steam on Wednesday as investors expect the normalisation in the US dollar-ringgit exchange rate as well as rising operating expenses to continue to pose challenges for the glove industry, despite recent improvements in demand.

Glove stocks lose steam as investors brace for USD-ringgit exchange rate normalisation, rising operating costs

Consumer products and services counters were among the top gainers on Tuesday, ahead of Chinese New Year celebrations later in the week.

As a result, the Bursa Malaysia Consumer Products and Services Index was up 2.21 points, or 0.39%, reaching the highest level in nine months, at 564.93 points since its last closed at 564.23 points on May 24, 2023.

Consumer products and services counters top gainers ahead of CNY

Several banking stocks surged near historic highs on Friday, spurred by a favourable forecast for the 2024 banking sector and recent decisions of Bank Negara Malaysia (BNM) and the US Federal Reserve (Fed) to maintain their key rates.

Banking counters climb to new highs as BNM, US Fed maintain key rates

Malaysian oil and gas (O&G) stocks were among the most active in the Friday morning session, as investors assessed Saudi Arabia's decision to axe production capacity expansion on rates for Southeast Asian service providers and as oil prices fell below the US$80 (RM378.36) per barrel mark.

O&G stocks see profit-taking as Saudi capacity expansion halt drags oil price, risks Asean rates slowdown

China passed a law on Friday strengthening its trade defence capabilities as the US and the European Union take aim at Beijing over excess industrial capacity.

China passes tariff law amid tensions with trading partners

FRANKFURT/BERLIN/PRAGUE (April 26): Thyssenkrupp will sell a 20% stake in its steel business to the energy holding controlled by Czech billionaire Daniel Kretinsky, a major breakthrough for the German conglomerate after years of unsuccessful attempts to divest the unit.

Thyssenkrupp sells stake in steel unit to Czech billionaire Kretinsky

Here is a brief recap of some business news and corporate announcements that made the headlines on Friday.

BCorp, Capital A, AAX, YNH, Sam Engineering, Turiya, Gadang, Microlink, Nestle, Wiradani, D&O, Homeritz, Unisem

(April 26): HSBC Holdings Plc successfully fought off a London court claim brought by a group of investors in a £1.3 billion (US$1.6 billion) lawsuit over tax breaks linked to Walt Disney Co film financing.

HSBC wins £1.3 bil suit over Disney film finance scandal

KUB Malaysia Bhd has extended the deadline for its mandatory general offer for Central Cables Bhd (CCB) a second time to May 20 from April 30, according to its latest filing on Bursa Malaysia.

KUB extends deadline for CCB MGO a second time

EVENING 5: Five things you need to know today

KUALA LUMPUR (April 26): KPJ Healthcare Bhd, through its premier educational institution KPJ Healthcare University (KPJU), has entered into a memorandum of understanding (MOU) on Friday with Trusx Malaysia Sdn Bhd (Trustr), a global digital health organisation, as an initiative to revolutionise healthcare.

KPJ Healthcare, Trusx Malaysia collaborate for AI-driven healthcare solutions

Wall Street's main indexes advanced on Friday as most megacap growth stocks rose after robust quarterly results from Alphabet pushed its market value over US$2 trillion (RM9.5 trillion), while an in-line inflation reading calmed interest rate jitters.

Wall Street rises as Big Tech charges higher

In today’s edition of Evening 5: 00:00 Merger of airlines enough to reverse negative equity - Fernandes 02:16 Govt set to unveil second 5G network next week  03:26 Unisem’s 1Q hit by margins, forex 04:30 Berjaya Corp denies Forest City casino talks   05:30 Homeritz’s 2Q earnings spike on stronger greenback

EVENING 5: Merger of airlines enough to reverse negative equity - Fernandes

A weekly round-up of tanker and dry bulk market (April 26, 2024)

Baltic Exchange shipping updates: April 26, 2024

KUALA LUMPUR (April 26): Gamuda Land, the property arm of Gamuda Bhd, has unveiled partners for Gardens Square, the latest commercial development at the 810-acre Gamuda Gardens in Sungai Buloh.

Gamuda Land announces retail partners for upcoming commercial development in Gamuda Gardens

The Employees Provident Fund (EPF) has emerged as the second largest shareholder of aero-engine components manufacturer Sam Engineering &amp; Equipment (M) Bhd, after Singapore's sovereign wealth fund Temasek Holdings Pte Ltd.

EPF emerges as second largest shareholder of Sam Engineering

Gadang Holdings Bhd has secured a RM280 million contract to design and develop the Klang Valley Data Centre&nbsp;Block 2 in Cyberjaya from TM Technology Services Sdn Bhd, a business entity of Telekom Malaysia Bhd.

Gadang wins RM280 mil Klang Valley data centre jobs from TM Technology

Here is a brief recap of some business news and corporate announcements that made the headlines on Friday.

S P Setia Bhd will launch Casaville, which comprises 38 single-storey bungalows, in its Setia EcoHill township in Semenyih at end-April.

With a gross development value (GDV) of RM50 million, the homes measure 52ft by 90ft each, with built-ups from 1,994 to 2,074 sq ft, and a three-bedroom, three-bathroom layouts. The selling price starts from RM1.376 million. It is slated for completion in the second quarter of 2026.

S P Setia to launch single-storey bungalows in Setia EcoHill at end-April

Penang Chief Minister Chow Kon Yeow&nbsp;has announced that he is in talks with a group of companies which have recently participated in Selangor’s integrated circuit (IC) design park.

Integrated circuit design firms to announce investments in Penang on Saturday, says Chow

Wiradani Development Sdn Bhd — a property developer linked to the son of former finance minister Tun Daim Zainuddin — has filed a fresh winding-up petition against SPNB Aspirasi Sdn Bhd, a wholly-owned subsidiary of Syarikat Perumahan Negara Bhd (SPNB).

SPNB unit faces fresh winding-up petition on failure to complete payment to Wiradani after settlement

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Homeritz Corporation Bhd’s net profit surged by 65.9% in the second quarter ended Feb 29, 2024 (2QFY2024) to RM9.24 million, due to increased sales volume and a stronger US dollar.

Homeritz’s 2Q net profit jumps 66% on increased sales volume, stronger greenback

Datuk Seri Anwar Ibrahim said he will be returning the allowance received as chairman of Khazanah Nasional Berhad, reiterating that he does not draw a salary for the position of prime minister that he has held since November 2022.

Anwar returns Khazanah allowance, reiterates stance on salary waiver

KNM Group Bhd said it is seeking court sanction for a new scheme of arrangement with its creditors. The PN17 group is also seeking a further extension of time to submit its regularisation plan.

KNM seeks fresh scheme of arrangement with creditors

Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi's defamation lawsuit against former prime minister Tan Sri Muhyiddin Yassin is headed for a settlement after the two leaders agreed to end a personal dispute between them.

Zahid and Muhyiddin agree to settle defamation suit

China passed a law on Friday strengthening its trade defence capabilities as the US and the European Union take aim at Beijing over excess industrial capacity.

There are no plans to open or operate any casinos in the state, Johor Menteri Besar&nbsp;Datuk Onn Hafiz Ghazi said.

He said the news is merely a rumour intended for sabotage, and to maliciously tarnish the image of Forest City and the state of Johor as a whole.

Johor MB says no plan to open casino in Forest City

US monthly inflation rose moderately in March, but stubbornly higher housing and transportation costs suggested the Federal Reserve could keep interest rates elevated for a while.

US inflation rises in line with expectations; consumer spending strong

The US equity market will continue to rely on a handful of megacap stocks for direction until an uptick in real interest rates ignites recession fears, according to Bank of America Corp strategists.

US megacaps to lead stock rally until real rates bite, says BofA

(April 26):&nbsp;HSBC Holdings Plc successfully fought off a London court&nbsp;claim&nbsp;brought by a group of investors in a £1.3 billion (US$1.6 billion) lawsuit over tax breaks linked to Walt Disney Co&nbsp;film financing.

The allies of Republican presidential candidate Donald Trump are drafting proposals that would attempt to erode the Federal Reserve's independence if he wins, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

Trump allies drafting plans to erode Fed's independence — WSJ

KUALA LUMPUR (April 26):&nbsp;KPJ Healthcare Bhd, through its premier educational institution&nbsp;KPJ Healthcare University (KPJU),&nbsp;has entered into a memorandum of understanding (MOU) on Friday with Trusx Malaysia Sdn Bhd (Trustr), a global digital health organisation, as an initiative to revolutionise&nbsp;healthcare.

Wall Street's main indexes advanced on Friday as most megacap growth stocks rose after robust quarterly results from Alphabet pushed its market value over US$2 trillion (RM9.5 trillion), while an in-line inflation reading calmed interest rate jitters.

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