<div class=newsTextDataWrapInner><p>KUALA LUMPUR (March 16): Bursa Malaysia Bhd’s research arm Bursa Digital Research said the total market capitalisation of companies listed on the bourse climbed 4.4% to RM1.81 trillion as at Feb 28, 2022 from a month earlier due to buying in the energy and plantation sectors as crude oil price topped US$100 per barrel while crude palm oil breached RM7,000 a tonne.</p></div>

<div class=newsTextDataWrapInner><p>In Bursa Digital Research’s latest trade performance and fund flow report, the group said that in February 2022, average daily trading volume (ADV) across Bursa rose 36.8% to RM2.77 billion, with growth recorded across all investor segments.</p></div>

<div class=newsTextDataWrapInner><p>"Foreign investors accelerated the buying with an inflow of RM2.84 billion (+RM2,843 million) compared with +RM332 million in January,” Bursa said.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>At 11:30am on Wednesday (March 16), Bursa’s share price rose 30 sen or 4.69% to RM6.69 for a market capitalisation of about RM5.41 billion.</p></div>

<div class=newsTextDataWrapInner><p>Bursa has 809.3 million issued shares, according to the group’s latest annual report.</p></div>


Bursa Malaysia Bhd’s research arm Bursa Digital Research said the total market capitalisation of companies listed on the bourse climbed 4.4% to RM1.81 trillion as at Feb 28, 2022 from a month earlier due to buying in the energy and plantation sectors as crude oil price topped US$100 per barrel while crude palm oil breached RM7,000 a tonne.

Bursa says listed companies' market cap climbed to RM1.81 trillion 

The S&P 500 and the Dow touched over one-week highs on Friday after data showed a still robust economy, while small-cap stocks outperfomed large-cap indexes.

The S&P flash PMI showed manufacturing activity stood at 48.8 in November, in line with estimates from a Reuters poll of economists.

S&P 500, Dow touch over one-week highs after business activity data

Vizione Holdings Bhd (KL:VIZIONE) said its unit has served a notice to Inspirasi Langkawi Sdn Bhd to terminate its employment as main contractor for the development of a 14-storey hotel in Langkawi, claiming it had not been properly paid for its works so far.

Vizione quits RM116 mil hotel construction job over alleged unpaid works

A measure of US business activity raced to a 31-month high in November, boosted by hopes for lower interest rates and more business-friendly policies from President-elect Donald Trump's administration next year.

US business activity gauge rises to 31-month high in November

Global investment conglomerate Bin Zayed International Group of Companies (BZI) has committed to investing US$2 billion (RM8.93 billion) in Malaysia over the next five years. 

Bin Zayed International (M) Bhd managing director Datuk Seri Dr Shamir Kumar Nandy said as part of its strategic expansion plan, the group would tap into real estate, renewable energy and financial services to attract investments into the country.

Bin Zayed International commits US$2 bil investment in Malaysia over next five years

Property developer SkyWorld Development Bhd (KL:SKYWLD), which made its Main Market debut in July last year, said it is on target to launch developments with an estimated gross development value of RM4.6 billion by 2026, having achieved RM1.1 billion worth of launches so far.

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Lagenda Properties Bhd (KL:LAGENDA) said on Friday that an indirectly owned subsidiary of the company has secured the right to develop a 139-acre land in Kota Tinggi, Johor, for RM99.62 million, cash. The final purchase price may still vary.

Lagenda Properties secures right to develop another Kota Tinggi plot for RM99.62 mil

The flood situation in Terengganu and Perak has grown worse, while Kelantan has become the latest state hit by floods as of 8pm on Friday night.

In Terengganu, the number of evacuees rose drastically to 221 people being housed in 10 relief centres compared to 29 in the morning.

Floods worsen in Terengganu, Perak while Kelantan latest state hit

Loss-making Classita Holdings Bhd (KL:CLASSITA) is mulling diversifying into the property investment business as it foresees growing demand.

Lingerie maker Classita to diversify into property investment

The COP29 climate summit presidency released a draft finance deal on Friday that would have developed nations take the lead in providing US$250 billion (RM1.11 trillion) per year by 2035 to help poorer nations — a proposal that drew criticism from all sides.

COP29 climate summit draft proposes rich countries pay US$250 bil a year

Volkswagen labour representatives have formally voted for limited strikes in Germany from early December, their union said on Friday, after talks over wages and plant closures failed to achieve a breakthrough.

VW labour representatives vote for strikes from early December

<p>Affin Bank Bhd (KL:AFFIN) on Friday cut some of its key financial expectations for the full year even as net profit surged in the third quarter, as the company continues efforts to improve profitability.</p>


Affin Bank cuts key expectations even as 3Q net profit surges

<p>KUALA LUMPUR (Nov 22): Shares of DRB-Hicom Bhd (KL:DRBHCOM) fell on Friday to their lowest in more than four years, after the automotive-to-banking conglomerate reported weaker than expected quarterly results.</p>


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<p>GEORGE TOWN (Nov 22): Penang&nbsp;welcomed Hong Kong Express’ (HK Express) inaugural direct flight from Hong Kong on Friday, marking a milestone in the state’s tourism development.</p>


Penang welcomes HK Express’ inaugural flight from Hong Kong

<p>CapitaLand Investment Ltd, one of Asia’s largest property investment managers, warned of potential losses as it seeks to extricate itself from China’s real estate crisis.</p>


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<p>KUALA LUMPUR (Nov 22): Berjaya Hartanah Bhd, a wholly owned subsidiary of Berjaya Land Bhd (KL:BJLAND), officially launched on Friday, its latest condominium development named Oaka Residences at Bukit Jalil, Kuala Lumpur. The project has a gross development value (GDV) of RM373 million.&nbsp;</p>


Berjaya Land launches RM373m Oaka Residences in Bukit Jalil

<p>Top Glove Corp Bhd (KL:TOPGLOV) has entered into a joint venture (JV) with US glove importer Tronex (Asia) Ltd, and Polywel International Trade Co Ltd for the production and distribution of high-density polyethylene (HDPE) gloves.</p>


Top Glove in JV for high density polyethylene glove biz

<p>Sunway Bhd (KL:SUNWAY) became the best performing constituent member of the FBM KLCI index year to date after its share price breached the RM5 mark on Friday, ahead of its third-quarter (3Q) earnings announcement expected next week. &nbsp;</p>


Sunway is best FBM KLCI constituent YTD after shares shoot past RM5

<p>KUALA LUMPUR (Nov 22): Hong Kong-based energy services firm Unity Group Holdings International Ltd said it is planning a secondary listing in Malaysia.</p>


Hong Kong-based Unity Group pursues secondary listing on Bursa Malaysia

<p>Malaysia's international reserves rebounded and added about US$400 million (RM1.79 billion) by the middle of November.</p>


Malaysia's foreign exchange reserves rebounded to US$118b in mid-November, BNM data show

<p>Inflation in Malaysia picked up slightly and was a tad faster than expected in October as prices of food and personal care products, including jewellery, rose, official data released on Friday showed.</p>


Inflation in Malaysia picks up slightly in October, official data shows

<p>Mah Sing Group Bhd's (KL:MAHSING) M Luna condominium development in Kepong has achieved a Qlassic score of 86%, the highest for an M Series project, according to a press statement on Friday.</p>


Mah Sing's M Luna condo in Kepong achieves 86% Qlassic score

<p>KUALA LUMPUR (Nov 22): Master Builders Association Malaysia (MBAM) supports the Construction Industry Development Board (CIDB) Malaysia’s decision to retract its quality guidebook for homeowners, said MBAM president Oliver HC Wee.&nbsp;</p>


MBAM supports CIDB’s decision to retract quality guidebook for homeowners

<p>Offshore oil-and-gas services firm Bumi Armada Bhd (KL:ARMADA) said on Friday its third quarter net profit rose 19% from a year earlier as operating margins expanded with lower costs.</p>


Bumi Armada's 3Q net profit rises 19%, no update on merger with MISC's offshore unit

<p>Analysts are projecting a stronger showing from Sunway Construction Group Berhad (KL: SUNCON) in 4Q2024, driven by significant job progress, especially data centre (DC)-led projects.</p>


Analysts expect stronger 4Q for Sunway Construction

<p>Solarvest Holdings Bhd (KL:SLVEST)’s wholly owned subsidiary Atlantic Blue Sdn Bhd has been awarded a RM142 million engineering, procurement, construction and commissioning (EPCC) contract from SM01 Sdn Bhd, a special purpose vehicle (SPV) in which the group owns a 33% stake.</p>


Solarvest bags RM142 mil EPCC job for 30MWac solar plant in Kedah

<p>Malaysia’s Anti-Corruption Commission (MACC) said on Friday it will continue to investigate the late Tun Daim Zainuddin, his wife and other family members.</p>


MACC says will continue to investigate late Daim, wife, family members

<p>Buyout firm Affinity Equity Partners is in talks to acquire Malaysian seafood supplier Golden Fresh Sdn Bhd, according to people familiar with the matter.</p>


Affinity is said to be in talks to buy Malaysian seafood supplier Golden Fresh, Bloomberg reports

<p>KUALA LUMPUR (Nov 22): Chin Hin Group Property Bhd (KL:CHGP)&nbsp;has established a RM500 million perpetual notes programme.&nbsp;</p>


Chin Hin Group Property establishes RM500m perpetual notes programme

<p>New car sales in Europe were flat in October, after falling for two consecutive months, industry data showed on Thursday, while the transition to fully electric or hybrid models gained ground in the month.</p>


European car sales flat in October, EVs gain ground, ACEA says

<p>Sarawak Plantation Bhd (KL:SWKPLT) has announced a second interim dividend of 15 sen per share, as its latest third quarter net profit rose 14.6%, despite lower revenue, thanks largely to a higher fair value gain on its biological assets.</p>
