Bursa Malaysia ended Monday's morning trading session lower as traders sold heavyweight counters, particularly in financial services and industrial products and services.

Bursa lower at midday

The Court of Appeal on Monday (Sept 25) reimposed the ban on a 2013 publication titled “Gay is Okay! A Christian Perspective” that was ordered by the Home Ministry in 2020, after the High Court had on Feb 22, 2022 lifted the prohibition on the book.

Appellate court bans gay book again after govt appeal

KUALA LUMPUR (Sept 25):  The reduction in broadband internet price, following the new Mandatory Standard on Access Pricing (MSAP) after September 2023, is not expected to significantly impact Telekom Malaysia Bhd (TM)’s upcoming third quarter results, according to PublicInvest Research.

PublicInvest: Telekom Malaysia braces for lower broadband prices, minimal impact on 3Q results

KUALA LUMPUR (Sept 25): CGS-CIMB Securities Sdn Bhd said it is maintaining its consumer price index (CPI) projection for Malaysia at 2.8% this year, as it believes the impact of the rising price of rice is “still negligible on the index as the weightage is only at 1.1%”.

CGS-CIMB keeps CPI forecast at 2.8%, sees impact of rising price of rice as negligible

PUTRAJAYA (Sept 25): The Court of Appeal (COA) has reinstated a nine-month jail sentence against independent preacher Wan Ji Wan Hussin for his seditious comments involving the Sultan of Selangor, made more than ten years ago.

Preacher gets nine months in jail for seditious comments against Selangor ruler

Known as one of Kuala Lumpur’s major suburbs, Wangsa Maju has witnessed significant growth over the years. Surrounded by scenic hills and lush greenery, the vibrant, bustling township now offers a mix of residential and commercial properties.

MCL Land Transforming Wangsa Maju’s Skyline

The Election Commission (EC) has set Nov 4 as the polling day for the by-election for the Jepak state constituency in Sarawak.

EC: Jepak by-election on Nov 4

ALOR SETAR (Sept 25): Langkawi PAS division chief Zubir Ahmad was chosen as Speaker at the first meeting of the 15th Kedah State Legislative Assembly held at Wisma Darul Aman here.

Langkawi PAS chief selected as Kedah Assembly Speaker

Maybank Investment Bank (Maybank IB) Research has upgraded MNRB Holdings Bhd to “buy” at RM1.10 with a higher target price (TP) of RM1.40 (from RM1.09) and said with expectations of stable interest rates, the research house expects MNRB to see positive gains on its investments this financial year, as well as positive contributions from its 20%-associate Labuan Re.

Maybank IB upgrades MNRB, raises target price to RM1.40

Contractors like Sunway Construction Group Bhd (SunCon) and Gamuda Bhd are well-positioned to benefit from the Johor Bahru-Singapore Rapid Transit System (RTS) Link project and rising demand for data centres in Johor, according to RHB Research.

SunCon, Gamuda set to benefit from construction projects in Johor over next few years, RHB IB says

The ringgit opened slightly higher against the US dollar on Monday morning on mild demand for the domestic note.

Ringgit opens slightly higher against US dollar, seen in narrow range on Monday

Bursa Malaysia was mixed in early trade on Monday, in line with a muted Wall Street performance last Friday and amid a mixed regional performance.

At 9.10am, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 1.81 points to 1,448.42 from last Friday’s close of 1,450.23.

Bursa opens mixed, downside seen limited

Foreign buying of Malaysian equities swelled to RM550.9 million last week, which was 2.3 times higher than RM235.1 million the prior week.

Foreign buying of Malaysian equities swelled to RM550.9m last week, says MIDF

Datuk Seri Dr Wee Ka Siong has defended his post as MCA president for a second term after the official results of the party’s central committee elections were announced by secretary-general Datuk Chong Sin Woon on Sunday night.

Malaysia

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