KUALA LUMPUR (Oct 28): theedgemalaysia.com highlighted three stocks with positive momentum and one stocks with negative momentum at Bursa Malaysia’s afternoon close on Wednesday.

Stocks with momentum on Oct 28, 2026: Cnergenz, MyMBN, Superlon, Iconic

LONDON (Oct 28): Heineken's CEO Rafael Oliveira said on Wednesday that the company needs more accountability across the business and a stronger performance culture to drive consistent growth, in his first statement since taking over the Dutch brewer this month.

Heineken has more to do to deliver growth, new CEO says

KUALA LUMPUR (Oct 28): Bursa Malaysia Bhd (KL:BURSA) reported on Wednesday that its earnings grew nearly 10% in the third quarter from a year earlier, thanks to higher trading activities.

Bursa Malaysia grows 3Q net profit by nearly 10%, says on track with targets

Summary

•    Malaysian market players view Indonesia’s planned Icomex positively

•    Success of futures pr...

Indonesia’s new commodity exchange and palm oil product seen to complement Bursa’s FCPO

FRANKFURT (Oct 28): Deutsche Bank posted on Wednesday a rise of 2% in third-quarter profit, defying expectations for a drop, as strength at its retail and corporate divisions offset a revenue decline at the investment bank.

Deutsche Bank reports better-than-expected 2% increase in profit

ZURICH (Oct 28): UBS reported on Wednesday a third-quarter net profit roughly in line with expectations and accelerated its share buyback programme, even as the bank remained concerned about new Swiss capital requirements.

UBS posts US$2.7 bil profit, speeds up share buybacks

KUALA LUMPUR (Oct 28): Malaysia has called for stronger international cooperation to ensure stable global gas markets and reliable energy supplies, emphasising that energy security is fundamental to industrial competitiveness, investment confidence and sustainable economic growth.

Malaysia calls for stronger global cooperation to ensure gas supply security

KUALA LUMPUR (Oct 28): Chief Justice Tun Wan Ahmad Farid Wan Salleh has warned that while technology, specifically artificial intelligence (AI), could help accelerate the administration of justice, it should never replace human judgement and judicial discretion.

Chief Justice to issue new practice directions, warns that AI should never replace human judicial discretion

The dollar’s rebound is good news for shares in European exporters, just as companies enter the busiest stretch of the third-quarter reporting season.

Weaker euro boosts European exporters as earnings season peaks

JERUSALEM (Oct 28): Prime Minister Benjamin Netanyahu and rival Gadi Eisenkot offered competing claims to lead Israel after Tuesday's election, with Netanyahu calling for a right-wing government and Eisenkot saying voters had rejected the longtime Israeli leader, even as exit polls left their blocs deadlocked.

Netanyahu, Eisenkot stake rival claims to lead Israel after deadlocked vote

KUALA LUMPUR (Oct 27): Police have frozen and seized accounts involving RM409.21 million in an investigation into alleged corporate mafia activities as at Sept 25, Home Minister Datuk Seri Saifuddin Nasution Ismail said. 
 
The accounts comprise 70 share-trading accounts worth approxi...

Police freeze RM409m in share-trading, bank accounts in corporate mafia probe

PUTRAJAYA (Oct 28): The transportation costs to bring Datuk Seri Najib's from prison to Putrajaya for next month's civil appeal will be borne either by the former prime minister.

Najib agrees to cover transport costs for appeal hearing in Putrajaya, court told

KUALA LUMPUR (Oct 28): Eco-Shop Marketing Bhd (KL:ECOSHOP) hit a four-month low on Wednesday, after the company’s first quarter fell short of analysts' expectations.

Eco-Shop hits four-month low after 1Q miss; price revision looms

Magma Kiara Sdn Bhd, a subsidiary of Bursa Malaysia-listed Magma Group Bhd (KL:MAGMA), has signed a memorandum of collaboration (MOC) with interior fit-out specialist Jalex Sdn Bhd at the Wolo Experience Lounge in Bukit Bintang, to explore its proposed appointment as hotel interior adviser for Wolo Hotel &amp; Residences, Mont Kiara KL, according to a press statement issued on Oct 28.&nbsp;

Magma Kiara partners Jalex for hotel interior work at RM850 mil Wolo Mont Kiara KL

Oil prices climbed more than 1% on Wednesday after an attack on a refinery in Saudi Arabia renewed concerns around supply risks from the major exporter.

Oil rises over 1% after Saudi Arabian refinery attack reignites supply risk

Indonesia's President Prabowo Subianto will meet Singapore’s top diplomat on Wednesday as ties between the two Southeast Asian nations come under strain.&nbsp;

Prabowo to meet Singapore envoy on mission to ease relations

AMMB Holdings Bhd (KL:AMBANK) will likely shrug off rising bond yields, and it may be time to start buying shares of the sixth-largest bank in Malaysia again, an analyst said.

AMMB on track with earnings, time to ‘buy’ again — analyst

Asia stocks rallied on Wednesday as renewed AI enthusiasm buoyed sentiment ahead of earnings from industry bellwethers later in the US day, while the New Zealand dollar tumbled after the country's central bank unexpectedly held rates steady.

Asian stocks get AI lift, kiwi slides on central bank's surprise hold

Corruption and other scandals involving government-linked companies (GLCs) are, unfortunately, not new. Neither are analyses and commentaries that follow. We are never short on prescriptions for how to prevent these scandals. The latest, of course, is the scandal that engulfed Lembaga Tabung Haji...

My Say: Corruption scandals and GLCs: When accountants have more clout than lawyers (and what lawyers can do about it)

For more than two months, Malaysia has been shrouded in cross-border haze that has grown increasingly severe. While haze is an annual occurrence in Indonesia, Malaysia, Singapore and Timor-Leste, this year’s episode has been described as the worst since 2015.

Choking fumes sweep across Malaysia

A stronger-than-expected earnings report propelled Nestlé (Malaysia) Bhd (KL:NESTLE) higher on Wednesday, extending the stock's rally as analysts raised their target prices.

Nestlé Malaysia extends gain towards two-month high after 3Q beat, analysts raise target prices

SEOUL (Oct 28): South Korean chipmaker SK Hynix said on Wednesday that it would return about US$75 billion to shareholders this year, after reporting a more than seven-fold jump in quarterly profit as AI infrastructure demand continues to drive up memory chip prices.

SK Hynix unveils US$75 bil shareholder return plan after posting record profit

The official newspaper of China’s ruling Communist Party warned that global celebrities risk losing their commercial appeal in the country if they offend local audiences, as widening backlash against French football star Kylian Mbappe puts his brand partnerships under pressure.

China warns global celebrities as Mbappe backlash spreads

KUALA LUMPUR (Oct 28): Bursa Malaysia Bhd (KL:BURSA) reported on Wednesday that its earnings grew nearly 10% in the third quarter from a year earlier, thanks to higher trading activities.

KUALA LUMPUR (Oct 28): The Energy Commission&nbsp;is developing a comprehensive framework and guidelines on self-generation facilities and the use of renewable energy for the data centre sector, said Deputy Prime Minister Datuk Seri Fadillah Yusof.

Fadillah: Energy Commission developing comprehensive guidelines for self-generation facilities in data centre sector

(Oct 28):&nbsp;What began as a banner year is turning into a reckoning for Adani Enterprises Ltd, the flagship arm of India’s richest man Gautam Adani, which needs to deliver on multiple infrastructure projects to fulfill its earnings promise.

Shares of Adani Enterprises have tumbled mo...

Adani flagship’s US$10 bil wipeout raises stake for earnings

Berjaya Property Bhd's (KL:BPROP) unit Berjaya Construction Bhd said on Wednesday it will undertake design-and-build works for the Sanglang Port development project in Perlis.

Berjaya Construction to undertake design-and-build works for RM1.2 bil port development project in Perlis

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Summary

•&nbsp;&nbsp; &nbsp;While high-profile deals continue (such as the RM132 million sale of Menara Haw Par and other land acquisitions), buyer...

Menara Haw Par deal signals renewed interest in KL’s Golden Triangle

(Oct 27): A spike in Treasury yields is forcing US banks to confront an uncomfortable question: ​sell bonds worth billions of dollars they own at a loss, or hold on to paper losses?

Both carry costs. Selling involves taking ‌an immediate financial hit, while waiting would pile on losses...

Reto Gregori & Madeleine Lim

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