Bursa Malaysia closed at a two-year high on Wednesday with the key index rising 0.63%, driven by a positive outlook on the local bourse and amid an upbeat performance by regional peers.

KLCI rises 0.6% to close at two-year high

Bursa Malaysia continued its upbeat momentum to end higher for the fifth consecutive day on Tuesday, thanks to buying from local and foreign institutions, said an analyst.

Bursa ends higher on buying support from local and foreign institutions

Bursa Malaysia ended higher for the fourth consecutive day on Monday with the key index rising 0.78%, tracking the mostly higher performance in regional markets.

Bursa extends gains for fourth straight day, KLCI up 0.78%

Bursa Malaysia ended the week mixed on Friday with buying in selected heavyweights and commodity-related stocks amid the negative sentiment on regional markets, said an analyst.

Bursa ends mixed amid weak regional sentiment

Bursa Malaysia continued its upbeat momentum to end higher for the second straight day on Thursday, due to an improvement in sentiment and a resurgence in bargain-hunting following the recent downturn, said an analyst.

Bursa closes higher on improved sentiment, bargain hunting

Bursa Malaysia snapped four consecutive days of losses to end higher on Wednesday as bargain hunting emerged following the recent sell-off, said an analyst.

Bursa snaps four-day losing streak to end higher

Bursa Malaysia ended lower for the second consecutive day on Tuesday, tracking the weak global sentiment due to the Middle East conflict, said an analyst.

Bursa closes lower, tracking weak global sentiment

Bursa Malaysia ended trading at an intraday low on Monday due to weak investor sentiment amid escalating geopolitical tensions in the Middle East, said an analyst. 

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 8.51 points, or 0.55%, to 1,542.53 from last Friday’s close of 1,551.04.

Bursa closes lower on weak sentiment due to geopolitical tensions in Middle East

Bursa Malaysia closed mixed on Friday, trended within a tight range as investors exercised caution amid the volatile sentiment across the region, said Rakuten Trade Sdn Bhd.

Bursa closes mixed on cautious mood

Bursa Malaysia closed marginally lower on Tuesday, attributed to profit-taking activities ahead of the Hari Raya Aidilfitri holiday, said Rakuten Trade Sdn Bhd.

Bursa closes lower on profit taking ahead of Raya holidays

Bursa Malaysia closed higher on Monday, in tandem with most regional markets spurred by the upbeat momentum on Wall Street last Friday, said an analyst.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.73 points, or 0.3%, to 1,559.98 from last Friday’s close of 1,555.25.

Bursa ends higher in tandem with most regional peers

Bursa Malaysia traded in a tight range on Friday as investors exercised caution amid the negative performance across the region, said an analyst.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) added 2.01 points, or 0.12%, to 1,555.25 from Thursday’s close of 1,553.24.

Bursa closes marginally higher amid cautious mode

Bursa Malaysia rebounded strongly to end higher on Thursday, making a swift recovery of its losses from the previous session, supported by mostly upbeat regional markets, said an analyst.

Bursa makes swift rebound to close 1% higher

Bursa Malaysia drifted lower on Wednesday as the key index snapped a three-day winning streak, taking a cue from the negative developments on Wall Street overnight, said an analyst.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) shed 10.98 points, or 0.7%, to 1,537.01 from Tuesday’s close of 1,547.99.

Bursa drifts lower on negative Wall Street performance

Zeekr, a luxury electric vehicle (EV) brand under the Geely group, is mulling about entering Malaysia's automotive market with its newly developed right-hand drive (RHD) vehicles.

Zeekr mulling entry into Malaysian market 

SK Hynix Inc plans to spend about US$14.6 billion (RM69.73 billion) building a new memory chip complex in South Korea, preparing to meet rapidly growing demand for semiconductors employed in artificial intelligence (AI) development.

SK Hynix plans US$15 bil chip expansion to meet AI demand

KUALA LUMPUR (April 24): Petronas Chemicals Group Bhd is focused on advancing its growth initiatives and strengthening its operational performance, despite the expectation that 2024 will continue to be a challenging year.

Petronas Chemicals to focus on advancing growth initiatives, strengthening operational performance

The potential imposition of plain packaging for cigarette and vape products, together with a ban on the display of such products in stores, will incur a "huge financial burden" on privately owned sundry shops, according to the Federation of Sundry Goods Merchants Associations of Malaysia (FSGMAM).

Potential ban on cigarette, vape product display will burden retailers, on top of proposed plain packaging — sundry goods merchants

KLCC Stapled Group, controlled by national oil and gas company Petroliam Nasional Bhd, said on Wednesday that it is still on the lookout for foreign assets as part of its portfolio expansion mandate.

KLCC Stapled Group to expand portfolio, on active lookout for global assets

The interim report on the tragedy of two Royal Malaysian Navy (RMN) helicopters crashing in Lumut, Perak on Tuesday will be ready within two weeks, said Communications Minister Fahmi Fadzil.

Interim report on helicopters' crash to be ready in two weeks, says Fahmi

The European Commission launched a probe into China's public procurement of medical devices on Wednesday, the latest in a series of moves that ratchet up trade tensions ahead of President Xi Jinping's visit to Europe next month.

EU launches investigation into Chinese medical device market

Perlis Menteri Besar Mohd Shukri Ramli confirmed that he knew about his son being arrested by the Malaysian Anti-Corruption Commission (MACC), and will leave it to the authorities to complete their investigation.

Perlis MB knows about son's arrest, leaves it to MACC to investigate

Taiwan President Tsai Ing-wen said on Wednesday she was happy the US Congress had passed a sweeping foreign aid package which includes arms support for the island, as China urged Washington to stop selling weapons to Taipei.

Taiwan happy with US aid package, China objects to arms sales

The Edge covers former Malaysian Prime Minister Datuk Seri Najib Razak's 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial live.

Najib's 1MDB-Tanore trial live reporting (April 24)

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.

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.

Farm Price starts taking orders for ACE Market IPO to raise up to RM24.48 mil

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.

M'sian automakers expected to feel pinch from lower sales, higher costs, rise of Chinese OEMs

Capital A Bhd’s unit AirAsia Consulting Sdn Bhd is the entity that is bidding to acquire SriLankan Airlines, and if it materialises, will raise its own capital for the acquisition, according to chief executive officer Tan Sri Tony Fernandes.

AirAsia Consulting, not AirAsia, is bidding for SriLankan Airlines, says Fernandes

With Malaysia’s 5G outdoor coverage having reached the 80% target for coverage of populated areas (CoPA) at the end of 2023 and after the signing of the share subscription agreements (SSAs) by five mobile network operators (MNOs) on Dec 1, 2023, what’s next for the next stage of 5G deployment in Malaysia?

What’s next for 5G deployment in Malaysia?

E-government services provider MyEG Services Bhd has inked an agreement to collaborate on the launch of a virtual asset fund or Hong Kong virtual assets exchange-traded fund (ETF) products.

MyEG inks partnership to launch Hong Kong virtual assets

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.

Malaysia to start using QR code at checkpoints with Singapore, report says

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;

Telco shares lift Bursa higher at midday

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.

Fernandes to be CEO of Capital A for another five years

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

NationGate may extend upward trajectory, says Rakuten Trade 

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.

DXN climbs over one-month high, analysts see positive outlook

Carlsberg Brewery Malaysia Bhd, the locally-listed unit of the Danish brewer, confirmed the price increases for its beer products starting this month.

Carlsberg Malaysia raises prices of beers to preserve margin

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.

Haily shares near all-time high after securing RM109.5m housing job

The Malaysian Anti-Corruption Commission investigating officer (MACC IO) probing Datuk Seri Najib Razak in relation to the 1Malaysia Development Bhd (1MDB) debacle never asked the former prime minister if he had instructed for the controversial transfer of US$700 million to a company linked to fugitive Low Taek Jho (Jho Low), the court heard on Wednesday.

MACC officer did not ask Najib if he instructed controversial transfer of US$700m to Good Star

Gold’s record-setting rally this year has puzzled market watchers, as bullion has roared higher, despite headwinds that should have held it back. With prices sagging this week, the explanation may lie in China.

Gold’s record-setting rally may have its roots in Chinese frenzy

KUALA LUMPUR (April 24): Dataprep Holdings Bhd said on Wednesday that Tan Sri Muhammad Ikmal Opat Abdullah has ceased to be the substantial shareholder in the IT products and services company.

Muhammad Ikmal of Widad ceases to be Dataprep’s substantial shareholder as shares sale continues

Several important developments related to Digital Nasional Bhd (DNB), including the appointment of its board members and the direction of the agency, will be announced on Thursday, said Communications Minister Fahmi Fadzil.

Digital minister to unveil DNB board, announce new developments tomorrow — Fahmi

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.

Bursa opens higher, tracking overnight Wall Street

The son of a menteri besar is among six individuals remanded by the Malaysian Anti-Corruption Commission (MACC) here to assist in investigations regarding a case of submitting false documents and claims involving RM600,000 over the past two years.

MB's son among six remanded over document forgery, false claims involving RM600,000

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.

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