[ PETALING JAYA: Analysts believe local institutional investors can absorb the net selling by foreign portfolio funds on Bursa Malaysia and support the local market to hold on to the 7.4% gains made year-to-date (y-t-d). Despite the RM1.59bil in net selling by foreign funds last week – the highest in four years – the local … Read more
[ PETALING JAYA: MKH Oil Palm (East Kalimantan) Bhd’s (MKHOP) initial public offering (IPO) has been oversubscribed by 8.4 times ahead of its listing on the Main Market of Bursa Malaysia. The group’s IPO involves the issuance of 220 million new ordinary shares in MKHOP at an issue price of 62 sen per share. This … Read more
[ PETALING JAYA: While welcoming the move by the Securities Commission (SC) to accelerate the transfer process of ACE Market companies to the Main Market, analysts and investment advisers say a parallel initiative should be given to firms in the LEAP Market too. This comes amid the general consensus among them that the speeding up … Read more
[ PETALING JAYA: Profit-taking activities ahead of the Hari Raya Aidilfitri holiday led to Bursa Malaysia finishing lower yesterday. At closing, the FBM KLCI fell 6.47 points, or 0.41%, to 1,553.51, rebounding from its intraday low of 1,553.43. In yesterday’s session, 18 of the FBM KLCI-component stocks ended lower while five counters traded higher and … Read more
[ PETALING JAYA: Malaysia’s year-to-date net foreign outflow, which has grown to RM1.21bil, is not something to be worried about, say analysts. The net selling trend by foreign investors on Bursa Malaysia has now stretched into its sixth consecutive week at RM336mil for the week ended April 5. However, Rakuten Trade head of equity sales … Read more
[As the US Federal Reserve (Fed) hints at an impending interest rate cut, the spotlight intensifies on Asian equities as potential havens for global funds. Read full story Read original article here Denial of responsibility! Genx Newz is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source … Read more
[ PETALING JAYA: The Securities Commission (SC) and Bursa Malaysia have assured investors that the fundamentals of the Malaysian stock market remain strong despite the heightened volatility in certain stocks of late. In a joint statement yesterday, the SC and Bursa Malaysia said there should not be any cause for concern as the recent significant … Read more
[ THE Sarawak theme featured on Bursa Malaysia-listed entities in recent weeks, with stocks such as Sarawak Consolidated Industries Bhd (SCIB), Minetech Resources Bhd and Sarawak Cable Bhd attracting interest. The rush into these stocks is clearly highly speculative. Most of these companies are loss-making and have little to show for the spike in their … Read more
[ PETALING JAYA: After a mostly subdued 2023, the tide is set to turn for Bursa Malaysia as foreign investors make their way back to the local stock market.Analysts anticipate Bursa Malaysia to perform better this year, supported by improved corporate earnings and a resilient domestic economy. The exchange’s benchmark index, FBM KLCI, is also … Read more
[ PETALING JAYA: Investors as well as small and mid-sized companies would benefit from Bursa Malaysia’s new alternative debt fundraising platform, according to analysts. The platform, which was launched yesterday in collaboration with RAM Holdings Bhd, targets listed and non-listed companies with fundraising needs of at least RM5mil and a minimum tenure of one year. … Read more
