Foreign investors reduced their equity sell-off on Bursa Malaysia last week, resulting in a smaller outflow of RM392 million, still in line with the regional trend where other markets also experienced outflows.

Smaller foreign outflow of RM392m last week, says MIDF

Local institutional investors net bought RM960.4 million in equities on Bursa Malaysia last week, a notable increase from RM244.6 million in the previous week, according to MIDF Amanah Investment Bank Bhd.

Weekly net selling by foreign investors continues, hits substantial RM1.01 bil

Sectors with the highest net foreign outflows were utilities (RM266.9 million), technology (RM50.9 million), and telecommunications and media (RM45.7 million).

Foreign investors reverted to net selling at RM196.2m last week — MIDF

After three weeks of selling, foreign investors shifted to buying domestic equities, resulting in a significant inflow of RM404.1 million last week, compared to the RM45.7 million outflow recorded in the previous week.

Foreign investors turned net buyers, with inflow of RM404m last week — MIDF

Foreign investors sold Malaysian equities for the third week in a row valued at RM196.5 million, according to Bloomberg data.

Foreign investors offload M'sian equities for third consecutive week valued at RM196m

Foreign investors increased their equity sell-off on Bursa Malaysia last week, reaching a net selling high of RM1.1 billion, the highest in 18 weeks, according to MIDF Research in a note on Monday.

Foreign investors' net selling hits 18-week high of RM1.1b on Bursa

Foreign investors ended their six-week net buying streak with a net outflow of RM527 million last week, according to a MIDF Research note on Monday.

Foreign investors turn net sellers amid declining trading volumes

For the sixth consecutive week, foreign investors have remained net buyers of Malaysian equities with an inflow of RM271.5 million last week, according to MIDF Research.

Foreign investors continue to buy Malaysian equities last week amid positive export growth — MIDF

Foreign investors continued to reposition their funds ahead of the US Federal Reserve’s anticipated easing this week, net buying RM217.6 million during Sept 9-13, marking the fifth consecutive week of net purchases.

Foreign investors netted RM217.6m in equities last week — MIDF

(Sept 10): Genesis Alternative Ventures, a private lender to ventures and growth-stage companies, closed its second debt fund at the lower end of its target, as global investors remain cautious about Southeast Asia’s start-up industry.

Singaporean venture capital Genesis raises start-up debt fund amid depressed valuations

HONG KONG (Sept 9): Japan has emerged as a standout in Asia's subdued US$400 billion (RM1.74 trillion) hedge fund sector, drawing fund launches, while other regions suffer closures in an indicator that wild volatility in August has not derailed a revival in Japanese capital markets.

Hedge funds flock to Japan as market heats up

For the fourth consecutive week, foreign investors have purchased equities in Malaysia, with net purchases recorded every day last week, according to MIDF Research.

Foreign investors continue to buy Malaysian equities for fourth consecutive week

Foreign investors net bought RM1.50 billion in Malaysian equities last week, marking the highest weekly net buying since March 18, 2016, according to MIDF Research.

Foreign investors net bought RM1.5b in equities last week, highest since March 2016

Foreign investors were net buyers every day last week, except last Friday, and purchased a net total of RM1.4 billion of local equities, nearly five times the RM299.6 million net bought the week before, according to MIDF Research.

Foreign investors' net buying surged to RM1.4b last week — MIDF

KUALA LUMPUR (Nov 22): Globetronics Technology Bhd (KL:GTRONIC) surged as top most-actively-traded stocks on Friday morning, after the company secured a RM145 million contract to provide integrated circuit (IC) product packaging, testing, and backend services to Taiwan-based ChipMOS Technologies Inc.

Globetronics shares surge on RM145m contract win with Taiwan’s ChipMOS

AirAsia hopes to emulate Dubai’s success in connecting the world, but in a low-cost format from places like Bangkok and Kuala Lumpur as the discount carrier looks to move on from its tumultuous pandemic years.

AirAsia founder plots low-cost Dubai-like hub in Bangkok, KL

NEW YORK (Nov 22): US stocks are extending their lead over global peers and some investors believe that dominance could grow if President-elect Donald Trump can implement his economic platform without becoming mired in a full-blown trade war, or ballooning the federal deficit.

Trump's return could extend US stocks' dominance over global rivals

Japan's core inflation in October held above the central bank's 2% target and a key index stripping away the effect of fuel accelerated, data showed on Friday, keeping pressure on the central bank to raise its still-low interest rates.

Japan's core inflation steady above BOJ target, service prices firm

TOKYO (Nov 22): Nissan Motor will cut or transfer about 1,000 jobs in Thailand, as it shrinks production in Southeast Asia, part of its recently announced global workforce reduction plan, two sources familiar with the matter told Reuters on Friday.

Nissan to cut or transfer about 1,000 jobs in Thailand — Reuters

Singapore on Friday upgraded its economic outlook for 2024 as third quarter gross domestic product growth beat expectations and initial estimates, helped by stronger semiconductor production and engineering demand.

Singapore revises 3Q GDP higher, upgrades 2024 outlook

US President-elect Donald Trump said on Thursday he would nominate former Florida attorney general and loyalist Pam Bondi to be US attorney general, moving swiftly to replace his former nominee Matt Gaetz after the embattled former congressman withdrew from consideration.

Trump picks Pam Bondi for US attorney general after Gaetz withdraws

Alimentation Couche-Tard is not considering a hostile takeover bid for Japan's Seven & i, the Nikkei business daily quoted the Canadian suitor's chairman and co-founder, Alain Bouchard, as saying.

Couche-Tard chairman says no hostile takeover bid for Seven & i — report

US billionaire Elon Musk, owner of social media platform X, has criticised Australia's proposed law to ban social media for children under 16 and fine social media platforms of up to A$49.5 million (US$32 million or RM143.3 million) for companies for systemic breaches.

Elon Musk blasts Australia's planned ban on social media for children

ChatGPT-creator OpenAI has recently considered developing a web browser that would combine with its chatbot and separately discussed or struck deals to power search features, the Information reported on Thursday.

OpenAI considers taking on Google with browser — report

Here is a brief recap of some corporate announcements that made the news on Thursday.

Petron, DRB-Hicom, Dayang Enterprise, AEON, 7-Eleven, MSM, Hap Seng Consolidated, SunCon, UEM Sunrise, Mega First, Oriental, Heitech Padu, Can-One, Atlan, Maxim, Thong Guan, Globetronics

Hap Seng Consolidated Bhd (KL:HAPSENG) posted a three-fold jump in net profit for its third quarter from a year ago, on improved contributions from the diversified group’s plantation, property and credit financing divisions.

Hap Seng 3Q net profit more than triples, declares 10 sen dividend

Indian billionaire Gautam Adani,&nbsp;indicted in New York&nbsp;over a US$265 million (RM1.18 billion) bribery scheme, is a first-generation tycoon whose phenomenal rise has been accompanied by a series of damaging controversies at home and abroad.

Who is Gautam Adani, controversial Indian tycoon charged with bribery in US?

FGV Bhd (KL:FGV), which is currently embroiled in a lawsuit over an alleged breach of a palm kernel shell supply agreement, has been directed by the High Court of Kuala Lumpur to file its statement of defence by Dec 4, 2024.

FGV directed to file defence against company's suit by Dec 4

Magnum Bhd (KL:MAGNUM) reported a slight dip in net profit in the July-Sept period as income tax and other expenses increased, but cushioned by better income generated by its gaming and investment holdings and other segments.

Magnum posts marginally lower net profit in 3Q, amid higher tax and other expenses, declares 1.5 sen dividend

The Inland Revenue Board (LHDN) will continue to enforce compliance through audits and investigations to detect any non-compliance among taxpayers in Malaysia.

LHDN deputy chief executive officer (Compliance) Datuk Hisham Rusli said that all actions are carried out in accordance with the laws set forth.

IRB committed to improving tax compliance via  audits, probes

Theta Edge Bhd (KL:THETA) said it has partnered local data-science company iStream360 Sdn Bhd to develop “market transformative” artificial intelligence (AI), blockchain and advanced system solutions.

Theta Edge to form JV with iStream360 to develop AI, blockchain solutions

Nvidia Corp assured investors that its new product lineup will continue to fuel an artificial intelligence-driven growth run, while also signaling that the rush to get chips out the door is proving costlier than expected.&nbsp;

Nvidia says new chip remains on track, helping soothe investors

KUALA LUMPUR (Nov 22): TSH Resources Bhd (KL:TSH) reported a 12.19% increase in its net profit for the third quarter spanning July to September 2024 (3QFY2024), despite a drop in revenue, as it recorded reduced non-controlling interests, which resulted in the larger share of profit attributable to the owners of the company.

TSH Resources reports 12% rise in 3Q net profit, pays 2.5 sen dividend

The International Criminal Court issued an arrest warrant for Israeli Prime Minister Benjamin Netanyahu for alleged war crimes in the Gaza Strip, adding to pressure on the country’s leadership over the conduct of its military campaign against Hamas.

ICC issues arrest warrant for Israel’s Netanyahu on Gaza ‘war crimes’

Thailand is taking steps to attract more foreign investment to accelerate economic growth while preparing to adjust its policies to cope with potential changes to world trade under a Trump presidency, Prime Minister Paetongtarn Shinawatra said.

Thailand seeks foreign investment as PM plans for Trump era

KUALA LUMPUR (Nov 22): Globetronics Technology Bhd (KL:GTRONIC) surged as top most-actively-traded stocks on Friday morning, after the company secured a RM145 million contract to provide integrated circuit (IC) product packaging, testing, and backend services to Taiwan-based ChipMOS Technologies Inc. &nbsp;

Wall Street's main stock indexes were mixed in choppy trading on Thursday as Alphabet weighed on the market, while investors also focussed on AI-heavyweight Nvidia's upbeat quarterly results and forecast.

Wall Street mixed after Nvidia results; Alphabet weighs

China’s richest man lashed out at two of the country’s biggest tech giants for fanning online vitriol targeting him earlier this year and instigating a price war that wiped out tens of billions of market value for his bottled-water empire.

China’s richest man berates PDD, ByteDance for months of misery

Australia’s flagship carrier Qantas Airways Ltd is the top-performing airline stock in Asia over the past year, and is seen as set to extend its climb with help from declining fuel prices.

Qantas tops Asian airline stocks on cheap fuel, rival’s demise

Stocks ended the day higher as traders contemplated a new US administration keen on deregulation. Bitcoin blew past US$98,000 (RM438,868) while the dollar gained and treasury yields rose.

Trump trade boosts stocks, bitcoin run at US$100,000

Can-One Bhd (KL:CANONE) saw its net loss widen to RM100.54 million in the third quarter ended Sept 30, 2024 (3QFY2024), from RM23.12 million in the previous corresponding quarter, dragged by unrealised foreign exchange loss of RM80.6 million.

Unrealised forex loss drags Can-One further into the red in 3Q

SEC Chair Gary Gensler, whose ambitious agenda drew fierce resistance from Wall Street and the crypto industry, plans to step down on Jan 20.

Gary Gensler plans to step down from SEC in January

US President-elect Donald Trump said on Thursday he would nominate former Florida attorney general and loyalist Pam Bondi to be US attorney general, moving swiftly to replace his former nominee Matt Gaetz after the embattled former congressman withdrew from consideration.

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