Stocks on Bursa Malaysia ticked higher and kept the FBM KLCI on course for its best close since early June 2022.

At the midday break on Friday, the benchmark index had gained 0.06% or 0.99 point to 1,546.48. The index earlier rose to a high of 1,551.15.

KLCI on course for best close since early June 2022

Stocks on Bursa Malaysia were mixed at midday on Thursday, resulting in the FBM KLCI extending its downtrend to remain lower at noon close.

At 12.30pm, the benchmark index ended the morning trading session 7.18 points or 0.46% lower at 1,545.22. It opened lower at 1,550.71.

KLCI remains lower at midday

After recording a 20-month high on Tuesday, stocks on Bursa Malaysia took a breather and the benchmark FBM KLCI ended Wednesday’s morning trading session slightly lower, with all sectors mostly in the red ahead of the Federal Open Market Committee (FOMC) meeting minutes for the first monetary policy meeting of 2024 later in the night.

Bursa stocks take a breather as most sectors fall into the red

The FBM KLCI charted a fresh 20-month high at midday on Tuesday while Malaysian energy shares surged and plantation stocks also rose.

At 12.30pm, the country's benchmark index gained 0.52% or 8.04 points to 1,546.65, its highest since June 3, 2022.

KLCI extends gain to fresh 20-month high, energy stocks surge

The FBM KLCI hovered at its highest since mid-2022 at Monday's midday break, having see-sawed during the morning session, against the backdrop of slower-than-expected economic growth in the fourth quarter of 2023.

KLCI hovering at highest level since mid-2022 in choppy trade

Bursa Malaysia maintained its upbeat momentum to close the morning session higher in sync with the regional market performance. 

At lunch break, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 9.05 points to 1,445.54 from Wednesday’s close of 1,436.49.

Bursa remains higher at midday, in sync with regional peers

Bursa Malaysia pared its gains but stayed marginally higher at midday on Friday (March 31), as investors resorted to profit-taking on banking stocks after their recent advance. 

At 12.30pm, the FBM KLCI had crept up 0.76 of a point to 1,425.37, from Thursday's close at 1,424.61.

Bursa ends morning trade marginally higher

Bursa Malaysia was mixed at midday as profit-taking activities among the blue chips — mainly banking and energy stocks after their recent advance — continued to drag the barometer index lower.

Bursa mixed at midday, KLCI slips 2.87 points

Bursa Malaysia ended the morning session lower on Friday (Jan 27), weighed down by selling in selected heavyweights in the financial services and telecommunications and media sectors, dealers said.

Bursa lower at lunch break

Bursa Malaysia ended the morning session lower, trading in a narrow range, with mild selling of selected heavyweights weighing on the barometer index, dealers said.

Bursa ends morning session lower

Bursa Malaysia ended the morning session lower after trading in cautious mode on Wednesday (Jan 25), with profit-taking seen in selected heavyweights, dealers said.

At lunch break, the benchmark FBM KLCI had fallen by 4.14 points to 1,496.19, from last Friday’s closing at 1,500.33.

Bursa Malaysia turned mixed at the midday break on Friday (Jan 20) as mild profit-taking in selected heavyweights cancelled some of the earlier gains amid cautious sentiment on regional bourses, dealers said.

Bursa turns mixed at lunch break

Bursa Malaysia ended the morning session almost flat on mild profit-taking in selected heavyweights amid the cautious sentiment on regional bourses, dealers said.

At lunch break, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.51 of-a-point to 1,494.99 from Wednesday's closing of 1,495.5.

Bursa almost flat at midday on cautious sentiment

Bursa Malaysia ended the morning session weaker on continued profit-taking in selected heavyweights amid cautious sentiment in regional stock markets, dealers said.

Bursa remains lower at midday

Sarawak certainly had more good reasons to celebrate its 61st year of independence last Monday (July 22).

In conjunction with the celebration, the state saw the inauguration of a new methanol plant in Bintulu and the signing of gas sales agreements — the first after state-owned Petroleum Sarawak Bhd (Petros) became the sole gas aggregator, taking over from Petroliam Nasional Bhd (Petronas).

A major win in Sarawak’s bid to reclaim rights

SARAWAK expects to formalise a deal to raise its stake in Affin Bank Bhd to about 30% in about a month, according to the state’s premier Tan Sri Abang Johari Openg.

In an exclusive interview with The Edge in Kuala Lumpur last Friday (July 19), Abang Johari said the state is committed to...

Premier: Sarawak expects to ink S&P on Affin Bank deal in a month

Treasuries are rising at the end of a volatile week as the Federal Reserve’s favourite inflation gauge cemented traders’ expectations for an interest-rate cut in September.

The advance pushed yields lower across the curve on Friday, with two- and 10-year yields down by about five basis points (bps) to 4.38% and 4.2%, respectively.

Treasuries rally as data points to a September rate cut

The developer of a supertall condo tower in Miami’s Brickell neighbourhood has hired a new sales team after ousting an embattled real estate brokerage from the project.

One Sotheby’s International Realty has taken over marketing at 888 Brickell Dolce & Gabbana Miami, JDS Development’s pre-construction building overlooking Biscayne Bay in the city’s financial centre.

Miami condo tower moves on from brokers facing rape allegations

Deputy Prime Minister Datuk Seri Fadillah Yusof paid a courtesy visit to Vietnamese Prime Minister Pham Minh Chinh on Friday.

"During the meeting with His Excellency, I reaffirmed the commitment of the prime minister and the Malaysian government to continue strengthening cooperation between Malaysia and Vietnam," he said in a post on the social media platform X.

Deputy PM Fadillah pays courtesy visit to Vietnamese PM, strengthens bilateral cooperation

Wall Street bounced back on Friday as megacap tech and chip stocks recovered from the week's pummeling, while a largely in-line key inflation reading kept bets for an early start to interest-rate cuts alive.

Wall Street rebounds on tech recovery, small caps jump after benign inflation data

Malaysia has urged dialogue partners attending the Asean Post-Ministerial Conference in Laos to support a ceasefire in Gaza and end the brutal killings of Palestinians.

Foreign Minister Datuk Seri Mohamad Hasan said Malaysia, along with Indonesia and Brunei, brought forward this motion during the meeting at the National Convention Centre (NCC) here.

Malaysia urges Asean dialogue partners to support ceasefire in Gaza

US authorities filed criminal and civil charges against prominent activist short seller Andrew Left for an alleged long-running market manipulation scheme involving bets on stocks including Nvidia and Tesla, they said on Friday.

US charges Citron's Andrew Left over alleged multi-million fraud scheme

Malaysia, as the country coordinator for Asean-China Dialogue Relations, will intensify efforts to finalise the Code of Conduct in the South China Sea, said Foreign Minister Datuk Seri Mohamad Hasan.

He said Malaysia, which assumed the role of country coordinator this year, aims to establish a code of conduct accepted by all parties.

Malaysia steps up efforts to finalise South China Sea code of conduct

Here is a brief recap of some business news and corporate announcements that made the headlines on Friday.

AirAsia X, Capital A, Hibiscus, Dagang NeXchange, ViTrox, Ekovest, Knusford, Alam Maritim, Datasonic, Kumpulan Kitacon, DXN, Homeritz, Westport, MGRC 

Here is a brief recap of some business news and corporate announcements that made the headlines on Friday.

Ekovest Bhd (KL:EKOVEST) said it has agreed to a further extension of time to discuss a merger between its wholly owned subsidiary Ekovest Construction Sdn Bhd (ECSB) and Knusford Bhd (KL:KNUSFOR).

Ekovest agrees to six-month extension for merger discussion between subsidiary and Knusford

The prestigious five-star Lexis Hibiscus 2 luxury resort is currently under construction by the KL Metro Group and is expected to be completed by 2029, said Negeri Sembilan Menteri Besar Datuk Seri Aminuddin Harun.

Construction of RM1.6 bil GDV Lexis Hibiscus 2 resort will be completed in 2029

Wall Street bounced back on Friday as megacap tech and chip stocks recovered from the week's pummeling, while a largely in-line key inflation reading kept bets for an early start to interest-rate cuts alive.

Upholstery furniture products manufacturer Homeritz Corp Bhd’s (KL:HOMERIZ) net profit surged 46.37% in the third quarter from a year earlier, thanks to higher sales volume and stronger US dollar. &nbsp;

Net profit for three months ended May 31, 2024 (3QFY2024) climbed to RM9.09 million or earnings per share of 1.96 sen, from RM6.21 million or 1.34 sen per share recorded in 3QFY2023. &nbsp;

Homeritz’s 3Q net profit soars 46.37% on higher sales and strong greenback

Cyberview Sdn Bhd has signed three Memoranda of Understanding (MOUs) with three companies to make Cyberjaya a global technology hub.

Chief executive officer Kamarul Ariffin Abdul Samad said the companies involved were Permodalan Negeri Selangor Bhd (PNSB), Selangor Information Technology &amp; Digital Economy Corporation (SIDEC) and digital infrastructure company Equinix Malaysia.

Cyberview signs three MOUs to make Cyberjaya a global technology hub

The developer of a supertall condo tower in Miami’s Brickell neighbourhood has hired a new sales team after ousting an embattled real estate brokerage from the project.

One Sotheby’s International Realty has taken over marketing at 888 Brickell Dolce &amp; Gabbana Miami, JDS Development’s pre-construction building overlooking Biscayne Bay in the city’s financial centre.&nbsp;

SARAWAK expects to formalise a deal to raise its stake in Affin Bank Bhd to about 30% in about a month, according to the state’s premier Tan Sri Abang Johari Openg.

In an exclusive interview with The Edge in Kuala Lumpur last Friday (July 19), Abang Johari said the state is committed to...

Deputy Prime Minister Datuk Seri Fadillah Yusof paid a courtesy visit to Vietnamese Prime Minister Pham Minh Chinh on Friday.

"During the meeting with His Excellency, I reaffirmed the commitment of the prime minister and the Malaysian government to continue strengthening cooperation between Malaysia and Vietnam," he said in a post on the social media platform X.

Kumpulan Kitacon Bhd (KL:KITACON) has secured a RM54.5 million contract to undertake the construction of 186 terrace houses in Rawang, Selangor.

Kumpulan Kitacon bags RM54.5m job to build houses in Rawang

Treasuries are rising at the end of a volatile week as the Federal Reserve’s favourite inflation gauge cemented traders’ expectations for an interest-rate cut in September.

The advance pushed yields lower across the curve on Friday, with two- and 10-year yields down by about five basis points (bps) to 4.38% and 4.2%, respectively.

Penang Port Sdn Bhd (Penang Port) on Friday announced the acquisition of five Kalmar container handling machines to optimise operations and improve service levels.

Penang Port acquires Kalmar container handling equipment to enhance services

A new recruitment of 3,950 staff, comprising 3,200 medical officers, 350 dental officers and 400 pharmacy officers, will be made through contract (interim) appointments, the Ministry of Health (MOH) said.

More than 3,900 contract officers to be appointed in latest recruitment — MOH

Malaysia, as the country coordinator for Asean-China Dialogue Relations, will intensify efforts to finalise the Code of Conduct in the South China Sea, said Foreign Minister Datuk Seri Mohamad Hasan.

He said Malaysia, which assumed the role of country coordinator this year, aims to establish a code of conduct accepted by all parties.

Hungary will face fuel shortages from September if full Russian oil flows are not restored, a government official said on Friday, accusing Ukraine of blackmailing it by partially suspending supplies.

Eastern European Union (EU) members Slovakia and Hungary have been hit by a stop in flows from Russian group Lukoil coming via Ukraine after sanctions were imposed on the company.

Hungary says it will face fuel shortages from September without Lukoil supplies

The government will now determine the locations for distributing subsidised cooking oil packets to retail outlets to prevent further leakage of controlled goods, says Domestic Trade and Cost of Living Minister Datuk Armizan Mohd Ali.

KPDN to set subsidised cooking oil distribution locations to curb leakage — Armizan

Digital Penang has announced the Market Access Thailand programme, which aims to propel Penang’s startups into Thailand’s market and create opportunities for exponential growth and innovation.

Digital Penang announces cross-border startup collaboration with Thailand

Malaysia has urged dialogue partners attending the Asean Post-Ministerial Conference in Laos to support a ceasefire in Gaza and end the brutal killings of Palestinians.

Foreign Minister Datuk Seri Mohamad Hasan said Malaysia, along with Indonesia and Brunei, brought forward this motion during the meeting at the National Convention Centre (NCC) here.

（吉隆坡26日讯）德信控股（DXN Holdings Bhd）（KL:DXN）首季净利按年增长10.26%，得益于整体营运业务营业额上涨。&nbsp;

德信控股首季净利升10.26% 放眼进军赞比亚和加纳市场

A weekly round-up of tanker and dry bulk market (July 26, 2024)

Noon Market

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