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

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

Foreign investors returned to Bursa Malaysia last week, net buying RM299.6 million in equities following a heavy sell-off the prior week, according to MIDF Research.

Foreign investors returned to Bursa Malaysia last week, net buying RM299.6m in equities — MIDF Research

The recent turbulence on Wall Street had significant ripple effects on Malaysia, with foreign investors offloading RM768.4 million in net equities on Bursa Malaysia last week, according to MIDF Research.

Foreign investors offloaded nearly RM770m in net equities last week — MIDF

After taking profit the previous week, foreign investors re-entered Bursa Malaysia, resulting in a net purchase of RM242.1 million in equities last week, according to an MIDF Research note on Monday.

Foreign investors reinvigorate Bursa with RM242.1m net buying spree last week 

Foreign investors ended three weeks of net buying on Bursa Malaysia and sold RM423.5 million worth of domestic equities last week, from an inflow of RM740.8 million the prior week.

Foreign funds snap three-week buying spree, sold RM424m local equities last week, says MIDF

Foreign investors maintained their buying spree on Bursa Malaysia, purchasing RM740.8 million net last week, up 54.9% from the week prior, according to MIDF Research.

Foreign investors' buying spree on Bursa up 55% in value from a week ago — MIDF

Foreign investors continued their buying spree on Bursa Malaysia for the second consecutive week, amassing RM478.2 million, according to MIDF Research in a note on Monday.

Foreign investors lift Bursa with RM478.2m equity purchase in a week

Foreign funds injected RM394.5 million into Bursa Malaysia last week after two weeks of net selling, according to MIDF Research.

Foreign funds return to Bursa with weekly inflow of RM394.5m

The Pentagon has agreed with Lockheed Martin Corp on milestones the company can reach by year-end to earn some of a potential US$500 million (RM2.11 billion) payment withheld for F-35 jets lacking necessary hardware and software upgrades, according to the US programme manager.

US deal on F-35s allows Lockheed to win back withheld payments

Orange juice futures rose as Hurricane Milton approaches Florida, prompting evacuations and putting orange growers on alert.

Futures in New York gained as much as 3% in New York as the hurricane rapidly intensified in strength over the last 24 hours.

Orange juice futures rise as Hurricane Milton nears landfall

Umno is committed to strengthening the party and maintaining good cooperation with other parties in the unity government, says Umno president Datuk Seri Dr Ahmad Zahid Hamidi.

Umno committed to strengthening party, maintaining good cooperation in unity govt — Ahmad Zahid

(Oct 8): Hurricane Milton is on track to become a catastrophic Category 5 storm as it rakes Mexico’s Yucatan Peninsula on a path towards Florida’s western coastline, where evacuations are underway in a region still recovering from Helene’s devastation.

The storm’s top winds have reached...

Hurricane Milton nears Category 5 strength as it threatens Florida

Key US Treasury yields are back at 4%, a level last seen in August, after a blowout jobs report undercut chances for another big interest-rate reduction from the Federal Reserve.

Bonds dropped on Monday, extending a plunge from late last week following surprisingly robust September payrolls data. The 10-year yield rose as much as six basis points (bps) to 4.03%, while the two-year yield was jumped as much as up 10bps to 4.02%.

US yields back at 4% for first time since August on Fed rethink

Apple Inc shares fell over 1% after a Jefferies analyst said investors have overly optimistic expectations for the company’s latest iPhones, the first to come with artificial intelligence (AI) tools.

“The high expectations for iPhone 16/17 are premature,” as “a lack of material new features and limited AI coverage mean high market expectations [5-10% unit growth] are unlikely to be met,” wrote Jefferies analyst Edison Lee, who assumed coverage of the stock with a hold rating.

Apple dips as Jefferies says hopes for AI phone are overblown

Amazon.com Inc shares fell in premarket trading on Monday, following a rare analyst downgrade that cited concerns over margin trends into next year, which growth in the cloud computing business is unlikely to compensate for.

Amazon cut as Wells Fargo warns cloud strength ‘not enough’

One in seven UK business leaders would consider moving their company operations abroad if Chancellor of the Exchequer Rachel Reeves raises their tax burden at the budget later this month, according to a survey by pollster Savanta.

One in seven UK companies consider leaving if taxes increase — survey

The US Supreme Court declined on Monday to hear an appeal by a Chicago bank's former CEO who was convicted of bribery after approving US$16 million (RM67.5 million) in risky loans to Paul Manafort, Donald Trump's 2016 campaign chairman, in a bid to land a senior job in Trump's administration.

US Supreme Court rejects appeal by banker tied to Trump ex-aide Manafort

A brief recap of some business news and corporate announcements that made headlines on Monday.

Media Prima, HeiTech Padu, Uzma, Dayang, Hibiscus, Sapura Resources, Dialog, Tuju Setia, Ramssol, HE Group

Aurora Mulia Sdn Bhd, a company linked to tycoon Tan Sri Syed Mokhtar Al-Bukhary, has ceased to be a shareholder in Media Prima Bhd (KL:MEDIA) after five years as the largest shareholder in the media group.

Syed Mokhtar-linked firm ceases to be shareholder in Media Prima after offloading 31.9% stake

KUALA LUMPUR (Oct 7): HeiTech Padu Bhd (KL:HTPADU) has terminated its agreement to acquire a 30% stake in Souqa Fintech Sdn Bhd, less than two weeks after entering into the share subscription agreement (SSA).

HeiTech Padu aborts Souqa Fintech deal less than two weeks after agreement

A brief recap of some business news and corporate announcements that made headlines on Monday.

Dialog Group Bhd (KL:DIALOG) said its chief operating officer (COO) Mustaffa Kamal Abu Bakar has been promoted to chief executive officer (CEO), effective Monday.

Mustaffa, 60, has more than 37 years of working experience in the oil and gas and petrochemical industry. He formerly worked with Petronas Carigali Sdn Bhd for five years and other O&amp;G companies before joining Dialog in 2001 as a business development director and later as CEO of Dialog E&amp;C Sdn Bhd and Dialog Plant Services Sdn Bhd.

Dialog promotes COO Mustaffa Kamal to CEO, names Keith Collins as new COO

Tuju Setia Bhd (KL:TJSETIA), which is valued at RM66.5 million, said its joint venture (JV) company has secured a RM317.6 million contract to build a new block at Gleneagles Hospital in Jalan Ampang.

Tuju Setia's JV company bags RM318 mil construction job

Dayang Enterprise Holdings Bhd (KL:DAYANG) has secured order awards from Petronas Carigali Sdn Bhd for six accommodation work boats.

Dayang bags accommodation work boat contracts from Petronas Carigali

Oil and gas services provided Uzma Bhd (KL:UZMA) said its maiden 50-megawatt (MW) large-scale solar 4 (LSS4) project located in Sungai Petani, Kedah has reached its commercial operation date (COD) on Sept 25.

Uzma secures commercial operation date for 50MW solar farm in Kedah

Security seals manufacturer Mega Fortris Bhd on Monday signed an underwriting agreement with RHB Investment Bank Bhd and AmInvestment Bank Bhd for its proposed initial public offering (IPO) on the Main Market of Bursa Malaysia.

Security seals maker Mega Fortris inks underwriting agreement for Main Market IPO

Below is a summary of how key Bursa Malaysia indices and the ringgit performed on Monday.

FBM KLCI rises 0.33% to 1,635.29 on Oct 7, 2024

PR1MA Corp Malaysia and CelcomDigi Bhd (KL:CDB) signed a memorandum of understanding (MOU) to foster digital inclusivity for PR1MA projects by providing digital solutions, according to a joint media statement by the two parties on Monday.

PR1MA Corp Malaysia partners CelcomDigi to provide digital solutions for PR1MA projects

Ex-US Coast Guard (USCG) cutter Steadfast, which is set to be received by the Malaysian Maritime Enforcement Agency (MMEA), is scheduled to be brought to Malaysia at the end of this year.

Ex-USCG cutter Steadfast to be brought to Malaysia at year end 

Sapura Resources Bhd (KL:SAPRES) announced on Monday that its managing director Datuk Shahriman Shamsuddin has been placed on a leave of absence effective Sept 11, pending ongoing investigations, confirming a report in The Edge Malaysia weekly.

Sapura Resources confirms MD on leave of absence pending investigations

(Oct 7):&nbsp;Cyber crime syndicates raked in as much as US$37 billion (RM158.47 billion) last year and are intensifying operations across Southeast Asia, despite mounting law enforcement efforts, the United Nations (UN) said.

Southeast Asian scammers stole up to US$37b in 2023, UN says

The Prime Minister's wife, Datuk Seri Dr Wan Azizah Wan Ismail, underwent a medical procedure at Sultan Idris Shah Hospital, Serdang, on Monday.

The hospital’s director, Dr Farique Rizal Abdul Hamid, in a statement on Monday night said that Dr Wan Azizah was in good condition but still required close monitoring by the medical team.

Dr Wan Azizah recovering after medical procedure at Sultan Idris Shah Hospital

Here’s a quick look at some of the stories that made headlines today.

EVENING 5: Five things you need to know today

The National Artificial Intelligence Office (NAIO), which will serve as the central body to advance Malaysia’s AI agenda, will be launched next month, said the Ministry of Digital.

National AI Office to launch next month — Digital Ministry

KUALA LUMPUR (Oct 7): Sime Darby Property Bhd’s (KL:SIMEPROP) The Signature Collection Twin Factories at Elmina Business Park Stage 2 located at City of Elmina, Selangor, has achieved 100% take-up rate since its official launch on Sept 1. The project has a gross development value of RM296 million.

The Signature Collection Twin Factories at Elmina Business Park Stage 2 fully sold

SINGAPORE (Oct 7): DBS Group Holdings has appointed Kuok Khoon Hua as an independent non-executive director of its wholly owned subsidiary, DBS Bank (Hong Kong) Ltd, with effect from Monday.&nbsp;

DBS appoints Kuok Khoon Hua as independent non-exec director of DBS Hong Kong

ONCE considered a ghost town, Forest City is set to see renewed interest because of government incentives to jump-start the special economic zone (SEZ), particularly the zero tax rate for family offices.

In early September, The Edge visited Forest City, a man-made island located &nbsp;j...

Family offices to boost Forest City, grow wealth management 

HE Group Bhd (KL:HEGROUP), which debuted on the ACE Market in January, has proposed a special issue of 45.6 million new shares or 9.39% of its enlarged share capital to meet its Bumiputera equity condition.

Fund-flow

‌
‌

Fund-flow

‌‌

‌
‌