[ KUALA LUMPUR: The profit-taking activity on Bursa Malaysia intensified over the early session as investors cashed in on recent gains after buying up the market for five straight days. At 12.30pm, the benchmark FBM KLCI had fallen 10.3 points to 1,488.53 while the number of decliners on the broader market dwarfed gainers 611 to … Read more
[ KUALA LUMPUR: The FBM KLCI jumped at midday and headed towards a four-day winning streak. At 12.30pm, the benchmark index rose 8.18 points, or 0.55% to 1,495.79 on continuous buying support in heavyweight stocks. There were 635 gainers, 401 losers and 394 counters traded unchanged on the Bursa Malaysia. Turnover stood at 4.32 billion … Read more
[ KUALA LUMPUR: KJTS Group Bhd aims to raise RM58.9 million from its initial public offering (IPO) upon its listing on the ACE Market of Bursa Malaysia on Jan 26, 2024. Executive director Sheldon Wee said that the IPO comprised the issuance of 218.03 million new shares at 27 sen per share, adding that the … Read more
[ KUALA LUMPUR: The FBM KLCI snapped a two-day losing streak on Wednesday as investors picked up oversold counters. The modest rally lifted the benchmark index 9.27 points, or 0.64% higher to 1,462.37. On the broader market, gainers outstripped losers 715 to 352 on higher trade of 5.63 billion shares worth RM3.12bil. The top gainer … Read more
[ KUALA LUMPUR: Kuchai Development Bhd has entered into a conditional master sale and purchase agreement with Sungei Bagan Rubber Company (Malaya) Bhd to dispose of substantially all the assets and liabilities in Kuchai Development to Sungei Bagan Rubber Company at a disposal consideration of RM275.47 million. In a filing with Bursa Malaysia today, Kuchai … Read more
[ KUALA LUMPUR: Bursa Malaysia has announced the transfer of the securities of Teladan Group Bhd from the ACE Market to the property sector of the Main Market from Jan 2, 2024. In a statement, the stock exchange operator said the stock short names and stock numbers for the company’s securities remain unchanged. Read original … Read more
[ KUALA LUMPUR: Bursa Malaysia Bhd and its subsidiaries will be closed on Dec 25, 2023, and Jan 1, 2024, for Christmas Day and New Year 2024 celebrations. The stock exchange, in a statement, said operations will resume on Dec 26, 2023 and Jan 2, 2024 respectively. Read original article here Denial of responsibility! Genx … Read more
[ KUALA LUMPUR: The US Federal Reserve’s decision to maintain the interest rate while signalling for rate cuts next year sent foreign investors back into Bursa Malaysia over the previous week. Foreign investors became net buyers of domestic equities to the tune of RM143.3mil after having been net sellers in the earlier week. According to … Read more
[ KUALA LUMPUR: The domestic market picked up on the positive global sentiment for equities following the US Federal Reserve’s signal that it would begin rate cuts next year. The benchmark FBM KLCI rallied 5.78 points to 1,453.82 as investor bets on a more dovish US were rewarded following the end of its latest Federal … Read more
[ KUALA LUMPUR: Last minute buying interest pushed the FBM KLCI higher on Monday, in line with the performance of its regional peers. The 30-stock index closed up 4.42 points, or 0.31% to 1,446.39, its intraday high after moving between 1,446.39 and 1,440.40. All indices on Bursa Malaysia, apart from the Bursa Malaysia Energy and … Read more
