Bursa remains in the red at mid-afternoon
KUALA LUMPUR: Bursa Malaysia remained in the red at mid-afternoon amid major political developments in the country. At 3.05 pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) shed 9.51 points to 1,495.60 from from Friday’s close of 1,505.11. The index opened 5.19 points weaker at 1,499.92. On the broader market, losers hammered gainers 822 […]
MyEG’s shares up on plan to introduce DeFi service in Malaysia
KUALA LUMPUR: MyEG Services Bhd’s shares on Bursa Malaysia rose in the early session today after the company announced its plan to introduce decentralised finance (DeFi) product last Friday. At 9.53am, its share price went up 3.0 sen to RM1.62 with 1.07 million shares traded. In a news report, MyEG said the DeFi service will […]
Hubline raises another RM4.02 mln from private placement
KUCHING: Hubline Bhd has raised an additional RM4.02 million from the second tranche private placement exercise. The company placed out 108,603,000 new ordinary shares priced at RM0.037 each under the second tranche, it said in a filing with Bursa Malaysia. With the latest issuance of new shares, Hubline’s total number of shares has ballooned to […]
Bursa Anywhere app now features eRights service
KUALA LUMPUR: Bursa Malaysia Bhd has introduced a new service on its Bursa Anywhere mobile application (app), enabling investors to subscribe for rights issue electronically (eRights). In a statement today, the exchange said the new eRights service offers a convenient method for depositors to apply and make payment for rights issue electronically on the Bursa […]
Bursa Malaysia Derivatives’ night trading to attract more international traders
KUALA LUMPUR: Bursa Malaysia Derivatives Bhd’s move to launch the after-hours (T+1) night trading session will likely attract more market participants from around the world, and is expected to boost trading periodically every quarter, says CGS-CIMB Futures Sdn Bhd. Senior dealer Muhammad Azwan Sekeri said the initiative would also give traders more opportunities to gain […]
OM Holdings’ Sarawak smelter resumes operations
KUALA LUMPUR: OM Holdings Ltd has resumed its operations which had been suspended since May 28 after several Covid-19 cases were reported at its smelter complex in Sarawak. The company plans to ramp up its production in stages, given the constrained manpower environment and its focus on prioritising employee safety. “As a result of the […]
Bursa Malaysia’s losses widen at mid-morning, 858 counters in the red
KUALA LUMPUR: Bursa Malaysia’s losses widened at mid-morning with 858 counters in the red, as the extension of the movement control order under Phase 1 affected sentiment. At 11.10am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) slid 16.98 points to 1,542.70 from Friday’s close of 1,559.68. The market bellwether opened 2.22 of-a-point lower at […]
Malaysia’s economy to remain on positive growth trajectory despite uncertainty on global front
KUALA LUMPUR: Malaysia’s economy is expected to remain on the positive growth trajectory moving forward despite uncertainty on the global economic front, as the country still has ample liquidity buffers. Inter-Pacific Asset Management Sdn Bhd chief executive officer Datuk Dr Nazri Khan Adam Khan said despite a surge in the US inflation recent, Malaysian bonds, […]
Bursa issues UMA query to Hoover
KUALA LUMPUR: Bursa Malaysia Securities Bhd has issued an unusual market activity (UMA) query to Grand Hoover Bhd (Hoover) due to the recent sharp rise in the price of the company’s shares. At 3.50 pm, Hoover shares rose 40 sen to RM1.76 with 1.92 million shares transacted. “Investors are advised to take note of the […]
KLCI futures ends firmer
KUALA LUMPUR: The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract (FKLI) on Bursa Malaysia Derivatives ended the half-day trading higher today, in sync with the underlying cash market. Spot month February 2021, March 2021 June 2021 all gained 2.5 points at 1,598, 1,589 and 1,585.5, respectively, while September 2021 climbed 3.5 points to 1,576.5. […]