Markets

MPI Tops, Allianz Falls In Day’s Trade

On the broader market, gainers outnumbered decliners 840 to 460, with 488 counters unchanged, 591 untraded and 10 others suspended. Top Gainers NOSTOCK NAMESTOCK CODELAST DONECHGVOL ('00)1MPI 386739.400+2.80012,6362HLIND 330111.480+0.4001,4513ARKA 72182.400+0.3803,5804NESTLE 4707129.800+0.3004305PETDAG 568121.180+0.2802,371 Top Losers NOSTOCK NAMESTOCK CODELAST DONECHGVOL...

Bursa Malaysia Hits Three-Year High As Bulls Continue Charge

Shares on Bursa Malaysia broke through the 1,620-point resistance level on Monday as funds poured in, lifting the key index to its highest level since March 2021. At 5pm, the...

Hang Seng Closes 0.42% Higher

Hong Kong's stock market ended higher Monday with the benchmark Hang Seng Index up 0.42 percent to close at 19,636.22 points. The Hang Seng China Enterprises Index rose 0.44 percent...

Foreign Exchange Rates May 20, 2024

The closing Foreign Exchange rates (from Bank Negara) as at 5pm, May 20 are as presented below:   Foreign Currency UnitsBuyingSelling1 U.S. Dollar4.6834.6871 Australian Dollar3.13393.13751 Brunei Dollar3.47893.4841 Canadian Dollar3.43983.4438100 Cambodian Riel0.11410.11541...

Bursa Malaysia’s Rally Continues To Gain Momentum

Bursa Malaysia trended higher during Monday's midday break, mirroring the positive sentiment across many regional markets. The 30-stock index climbed 12.28 points, or 0.76%, to 1,628.90 by midday, reaching...

Property

SunCon Saw Q1 Revenue Jump 15.8% While PAT Was...

Sunway Construction Group Berhad released tis first quarter financial results posting a revenue jump of 15.8% to RM604.8 million while profit before tax increased to RM41.6 million, representing an...

Berjaya Launches Times Square 2 Serviced Residence

Berjaya Times Square Sdn Bhd, a subsidiary of Berjaya Assets Bhd, has launched Times Square 2 Kuala Lumpur locate adjacent to Berjaya Times Square and Bukit Bintang City Centre...

S P Setia Records 40% Jump In Q1 Profits...

S P Setia reported a profit before tax rose to RM181.2 million in Q1 2024, representing a 56% increase compared to the same period in the previous year, while...

News

HLB Fully Subscribes RM350 Million ASEAN Green Bond Issued By Exio Logistics

Hong Leong Bank Berhad recently announced its full subscription to a RM350 million ASEAN Green Bond issued by Exio Logistics Sdn Bhd  and advised by Hong...

Singapore’s April NODX Decline Better Than Expected

Singapore reported its Non-oil domestic exports (NODX) had contracted 9.3% YoY in April, easing from the 20.8% YoY decline in March. In its opinion report,...

Govt Agrees To Extend SOCSO Invalidity Scheme To Foreign Workers

The government has agreed to extend the invalidity scheme to foreign workers, Human Resources Minister Steven Sim Chee Keong said. He said this decision was...

Vietnam Elects New Chairman

The National Assembly (NA) of Vietnam on Monday elected Tran Thanh Man as its new chairman, local media reported. At the ongoing seventh session of...

Batu Kawan 1H Profits Drops Over 40%, Weak 2024 Expected

Batu Kawan reported a lower pre-tax profit for the second financial quarter, coming in at 20.6% lower with RM271.37 million (2Q2023:RM341.95 million) on the...

Magma Sees Dato Lee Succeeding As Group’s New Chairman

Magma Group has informed that its Chairman Dato’ Seri Ismail @ Farouk Bin Abdullah has decided to step down with Dato’ Sri Lee Hock...

SunCon Saw Q1 Revenue Jump 15.8% While PAT Was At RM48 Million

Sunway Construction Group Berhad released tis first quarter financial results posting a revenue jump of 15.8% to RM604.8 million while profit before tax increased...

Singapore To Drop ERP By S$1 For School Holidays

Singapore has announced that the Electronic Road Pricing (ERP) rates will fall by $1 (US$0.74) at seven expressway locations during the upcoming June school...

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Trade

MIDF Maintains Trade Forecasts But Cautious On Risks

Malaysia's exports rebounded to +9.1%yoy in Apr-24. Malaysia’s exports rebounded and grew at +9.1%yoy...

Malaysia’s Trade And Current Account Surplus Remain Supported: OCBC

The Ministry of International Trade and Investment released April's trade data showing a 12%...

Foreign Appetite For Local Bonds Dulled By Fading Rate...

Foreign investors remained net buyers of Malaysian bonds for the second consecutive month in...

CPO Prices To Range Between RM3700-RM3950 Due To Seasonal...

Malaysian palm oil stocks increased for the first time in six months by 1.85%...

Malaysia’s Trade In April Jumps 12% To RM221.74 Billion,...

Malaysia’s trade continued its strong performance and maintained an upward trajectory in April 2024,...

PM’s Visit To Kazakhstan, Uzbekistan Yields RM2.4 Billion In...

The Ministry of Investment, Trade & Industry (MITI) has secured RM2.4 billion of potential...

Greater Klang Valley Has Potential For Robust Economic Growth

Greater Klang Valley, which connects Selangor’s four main cities, has all the makings of...

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