<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Oct 8): Bursa Malaysia Bhd’s foreign shareholding fell&nbsp;further to 16.7% in September, the lowest since May 2020.</p></div>

<div class=newsTextDataWrapInner><p>According to updates on Bursa's website on Friday, its foreign shareholding fell from 17.2% in August.</p></div>

<div class=newsTextDataWrapInner><p>In May 2020, its foreign shareholding stood at 14.7%.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>At 11.08am on Friday, Bursa’s share price had gained one sen or 0.14% to RM7.35, valuing the group at RM5.94 billion.</p></div>

<div class=newsTextDataWrapInner><p>Year to date, the counter had fallen 11.14%.</p></div>

<div class=newsTextDataWrapInner><p><em>Read also:</em><br />
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Bursa Malaysia Bhd’s foreign shareholding fell further to 16.7% in September, the lowest since May 2020.

According to updates on Bursa's website on Friday, its foreign shareholding fell from 17.2% in August.

Bursa Malaysia’s foreign shareholding falls to lowest since May 2020

The Federal Court on Tuesday unanimously dismissed an application by businessman Ricky Wong Shee Kai for leave to appeal the High Court’s decision to not allow him to participate in civil court proceedings against him via remote control technology (RCT).

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(May 7): PCCW Ltd, the telecommunications group controlled by Hong Kong tycoon Richard Li, is in advanced talks to sell a significant minority stake in its fiber business to China Merchants Group Ltd, according to people familiar with the matter.

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Microsoft Corp has deployed a generative AI model entirely divorced from the internet, saying US intelligence agencies can now safely harness the powerful technology to analyse top-secret information.

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SINGAPORE (May 7): The Monetary Authority of Singapore (MAS) has imposed a composition penalty of $2.5 million on Swiss-Asia Financial Services (SAFS), a wealth and fund management company. SAFS was said to have breached MAS’s anti-money laundering and countering the financing of terrorism (AML/CFT) requirements.

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KUALA LUMPUR (May 7): Following its record-breaking year in 2023, CTOS Digital Bhd posted a 25.6% year-on-year jump in its first quarter net profit this year, as it recorded higher revenue and lower tax expense following the approval of a tax incentive for its main subsidiary CTOS Data Systems Sdn Bhd (CDS).

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KUALA LUMPUR (May 7): The National Disaster Management Policy will be reviewed to enhance the country’s resilience, preparedness and capabilities in managing disasters, said Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi on Tuesday.

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Global oil major Shell said on Tuesday that it remains "committed to the mobility business" in Malaysia, after a report that it was in talks with Saudi Aramco to sell its gas stations in the country.

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(May 7): Cargoes of an oil product from Russia are building up at sea as South Korean buyers turn cautious, highlighting how the invasion of Ukraine is still impacting flows more than two years later.

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Goldman Sachs said on Tuesday it had appointed Robert Kaplan, the former president of the Federal Reserve of Dallas, as its vice chairman, bringing an influential banker on to its management committee.

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Sapura Energy Bhd’s joint venture companies (JVCos) have bagged contracts worth US$1.8 billion (RM8.53 billion) to provide engineering services via six pipe-laying support vessels.

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<p>KUALA LUMPUR (May 7): A 47-year-old was confirmed dead while a 26-year-old man suffered serious injuries when a huge tree came crushing down on 17 vehicles along Jalan Sultan Ismail, just outside the Concorde Hotel, during a thunderstorm and heavy rain, at about 2.19pm here Tuesday.</p>

<p>Apa...

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<p>Bursa Malaysia Bhd on Tuesday launched the Bursa Remisier Acquisition Hub (Bursa Reach) platform designed to enhance the connection between dealer representatives and investors.</p>


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<p>Prime Minister Datuk Seri Anwar Ibrahim will meet with Petroliam Nasional Bhd (Petronas) this week to discuss the national oil company's project with Saudi Aramco at the Pengerang Integrated Complex (PIC) in Johor.</p>


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<p>The Federal Court on Tuesday unanimously dismissed an application by businessman Ricky Wong Shee Kai for leave to appeal the High Court’s decision for him to attend civil court proceedings in person.</p>


<p>Scoot Pte Ltd, the low-cost carrier of Singapore Airlines Ltd (SIA), commenced operation of its first Embraer E190-E2 aircraft on Tuesday, reiterating the crucial role of Malaysia in its airline operations.</p>


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<p>The US sees Iran's capacity to move its oil as reliant on service providers based in Malaysia, with oil being transferred near Singapore and throughout the region, a senior US Treasury official said on Tuesday.</p>


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<p>KUALA LUMPUR (May 7): Solar power specialist Pekat Group Bhd said on Tuesday that it has signed a non-binding agreement to acquire a stake in switchgears supplier EPE Switchgear (M) Sdn Bhd to expand its businesses.</p>


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<p>CIMB Group Holdings Bhd, Malaysia’s second-largest bank by assets, will likely see improvements in net interest margin and non-interest income (NII) when it reports its first-quarter results (1QFY2024) on May 31, analysts said.</p>


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<p>Oil and gas services firm Dayang Enterprise Holdings Bhd will post a strong rebound in its first quarter (1Q) results and earnings may pick up in the coming quarters on seasonally stronger work orders and utilisation, said Phillip Capital.</p>


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<p>(May 7):&nbsp;Princeton Digital Group secured a US$280 million green loan to help finance a US$1.5 billion data centre it’s building in southern Malaysia, a first for the Asian infrastructure operator as it aims to get that complex operational by June.</p>


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<h3><span style="color:#d35400;">Malaysia Smelting Corp Bhd</span></h3>

<p>Target price: <strong>RM3.60 <span style="color:#27ae60;">BUY</span></strong></p>

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Brokers Digest: Local Equities - Malaysia Smelting Corp Bhd, Dialog Group Bhd, Malakoff Corp Bhd, Alliance Bank Malaysia Bhd

<p>KUALA LUMPUR (May 7): Shares of construction crane manufacturer Favelle Favco Bhd closed at its all time high on Tuesday, after the group clinched four contracts for the supply of offshore and tower cranes.</p>


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<p>Paris authorities have spent years readying for the almost 2 million international visitors expected for the 2024 Summer Olympics, but they may have overlooked a far bigger phenomenon now coming to the city: Taylor Swift.</p>


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<p>Global oil major Shell said on Tuesday that it remains "committed to the mobility business" in Malaysia, after a report that it was in talks with Saudi Aramco to sell its gas stations in the country.</p>


<p>A 65% slide in VinFast Auto Ltd’s stock this year underlines the challenge faced by the electric vehicle (EV) maker backed by Vietnam’s richest man.</p>


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<p>The Investment, Trade and Industry Ministry (Miti) has confirmed that an announcement on Google’s investment in Malaysia will be made in the near future.</p>
