Bursa H1 ADTV surges 59% to RM3.27b
KUALA LUMPUR: Bursa Malaysia’s average daily trading value (ADTV) surged 59 per cent to RM3.27 billion in the first half of the year from RM2.06 billion for the same corresponding period in 2023, showing the trading on the equities market has thrived. Bursa Malaysia Bhd chief executive officer Datuk Muhamad Umar Swift said the FTSE […]
CelcomDigi’s 3Q net profit jumps to RM455.72 mln, declares 3.3 sen dividend
KUALA LUMPUR: CelcomDigi Bhd posted a higher net profit of RM455.72 million in the third quarter ended Sept 30, 2023 (3Q 2023) against RM264.48 million in the same quarter last year on the back of better cost management and higher service revenue. Revenue doubled to RM3.1 billion during the quarter from RM1.53 billion previously, a […]
US interest rate cut hopes drive Bursa Malaysia higher
KUALA LUMPUR: Bursa Malaysia opened higher after US inflation data for October signalled that the Federal Reserve’s (Fed) interest rate hiking campaign is finally over, boosting hopes for a cut soon. At 9.10 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) bagged 8.34 points to 1,460.06 with gains seen across almost all sectors. The index […]
Foreign investors net sell RM27.7 mln worth of Malaysian stocks
KUALA LUMPUR: Foreign investors remained net sellers of local stocks on Bursa Malaysia last week, at RM27.7 million, marking a much slower net outflow compared to RM113.5 million the week before, said MIDF Research. The net selling on Monday and Tuesday last week could not reverse the net buying thereafter, said MIDF Research in its […]
Public Bank posts higher 2Q net profit of RM1.62 bln, declares 9 sen dividend
KUALA LUMPUR: Public Bank Bhd posted a higher net profit of RM1.62 billion for the second quarter ended June 30, 2023 (2Q FY2023) compared with RM1.42 billion in 2Q FY2022. Revenue jumped to RM6.26 billion from RM4.97 billion previously, it said in a Bursa Malaysia filing today. For the first half ended June 30, 2023 […]
Gas Malaysia share price rises in early session
KUALA LUMPUR: The share price of Gas Malaysia Bhd rose in the early session of Bursa Malaysia today despite posting a weaker net profit for the second quarter ended June 30, 2023. As of 10.55 am, Gas Malaysia increased four sen to RM3.06, with 224,300 shares traded. In a note today, Kenanga Research expects softer […]
IHH Healthcare shares shed three sen despite Sarawak expansion announcement
KUALA LUMPUR: IHH Healthcare Bhd’s shares on Bursa Malaysia was down this morning despite news of its maiden foray into Sarawak. At 10.35 am, the healthcare provider shed three sen to RM5.97 after 230,500 shares changed hands. Yesterday, IHH Healthcare announced that its indirect wholly owned subsidiary Pantai Holdings Sdn Bhd, will acquire 100 per […]
Bursa-listed LGMS penetrates Cambodian banking cybersecurity market
KUALA LUMPUR: Bursa Malaysia-listed LGMS Bhd has penetrated the Cambodian banking market by helping ABA Bank to secure the international Payment Card Industry Data Security Standard (PCI DSS) certification. ABA Bank, a subsidiary of the National Bank of Canada, is Cambodia’s largest commercial bank with the most substantial assets, deposits, loans and profitability based on […]
Foreign investors continue buying spreefor 4th consecutive week
KUALA LUMPUR: Foreign investors continued their net buying on Bursa Malaysia for the fourth consecutive week last week, albeit at a more moderate rate of RM130.5 million. In its Fund Flow Report, MIDF Research said trading for the week ended Aug 4 was mixed, with inflows recorded on Monday at RM280.9 million and Friday at […]
Bursa Malaysia likely to continue recovery momentum next week
KUALA LUMPUR: Bursa Malaysia is expected to have a positive trend next week and continue to recover, thanks to an increase in investors’ optimism and positive outlook on both the local and regional markets, a dealer said. Malacca Securities Sdn Bhd senior analyst Kenneth Leong expects the market to stay on the recovery track due to the more stable […]