[ KUALA LUMPUR: Go Hub Capital Bhd has got the green light from Bursa Malaysia to list on the ACE Market following a planned initial public offering (IPO) of 107.17 million shares. In a statement, the transport information technology solutions provider said it would issue 20 million shares to the Malaysian public, reserve 12 million … Read more
[ KUALA LUMPUR: The rally on the domestic market could be taking a pause as global markets digest recent gains following a resurgence of investor sentiment. Having crossed the 1,600 psychological level in the previous session, the benchmark FBM KLCI rode the positive momentum 1.28 points higher at Wednesday’s open to 1,607.91. However, analysts caution … Read more
[ KUALA LUMPUR: Bursa Malaysia Bhd has unveiled Malaysia’s first profiling platform featuring and facilitating better connections between representatives of dealers and investors, beyond traditional channels. In a statement today, the exchange said the platform, known as Bursa Remisier Acquisition Hub (Bursa Reach), is a new offering that provides investors greater access to investment opportunities. … Read more
[ PETALING JAYA: Integrated logistics service provider Sin-Kung Logistics Bhd’s initial public offering (IPO) for the public portion has been oversubscribed by 26.5 times. A total of 13,179 applications seeking 1.7 billion new shares were received from the Malaysian public for 60 million new shares that were made available for public subscription. In a statement, … Read more
[ KUALA LUMPUR: The benchamrk FBM KLCI maintained its upward trajectory as recent economic data rebooted optimism the US Federal Reserve will start paring interest rates this year. At the end of the early session, Malaysia’s blue chips were up 4.39 points to 1,593.98. There was also interest in lower liner with 513 gainers across … Read more
[ KUALA LUMPUR: The domestic market could wrap the week on a high note after stubbornly holding on to optimism amid better-than-expected earnings results from Wall Stret. The FBM KLCI rose 1.29 points to 1,581.58 at the opening bell, and ramped up to as high as 1,587.32 in the first 10 minutes of trading as … Read more
[ KUALA LUMPUR: Investors are continuing to take money off the table following a mixed performance on Wall Street, in response to a slightly dovish message by the US Federal Reserve. The FBM KLCI dropped one point to 1,574.97 at the open as investors digested the news of the latest Fed guidance. Overnight, the Fed … Read more
[ KUALA LUMPUR: Pantech Group Holdings Bhd is considering listing Pantech Stainless & Alloy Industries Sdn Bhd and Pantech Steel Industries Sdn Bhd on the Main Market of Bursa Malaysia via a special purpose vehicle (SPV). “The board wishes to highlight that the proposed listing is still in its preliminarily stage, where extensive preparatory work … Read more
[ KUALA LUMPUR: An air of uncertainty remains on the domestic market following two days of recovery as the tensions in the Middle East subside and investors digest the latest developments in the US economy. The FBM KLCI opened 1.54 points higher on Friday at 1,546.3 points, as investors continued to retrace losses made the … Read more
[ KUALA LUMPUR: An extended rebound on Bursa Malaysia was capped on Thursday as investors priced down equities amid a more hawkish outlook on the global interest rate environment. The benchmark FBM KLCI ended a four-day losing streak yesterday, supported by purchases from local institutions, but it was a brief reprieve from the mounting selling … Read more
