Banking and financial services stocks were among the top gainers in early morning trade on Friday, after they concluded the latest earnings reporting season with mostly encouraging results.

Banking stocks among top gainers in early trade

Glove stocks emerged among the most actively traded counters on Bursa Malaysia on Monday (Nov 20), following the profit turnarounds seen at two of the Big Four glove counters so far, namely Hartalega Holdings Bhd and Kossan Rubber Industries Bhd, in the latest corporate earnings reporting season.

Glove counters among Bursa's most active on Monday amid profit turnarounds

Steel stocks continued their upward momentum from Wednesday morning, closing higher after the initiation of a two-year moratorium by the Ministry of Investment, Trade and Industry (Miti) effective from Aug 15, intended to address issues within the domestic iron and steel sector.

Steel counters rise after Miti announces industry moratorium

YTL Power International Bhd's share price hit a new high in Thursday morning trade to RM2.24 per share, after it emerged as a substantial shareholder in Ranhill Utilities Bhd with the acquisition of a 18.87% stake.

YTL Power shares hit new record, Ranhill Utilities soars after stake acquisition

Ekovest Bhd’s shares slid during early trade on Monday, after it entered into binding heads of merger agreement (HOA) with major shareholders Tan Sri Lim Kang Hoo and sister company Knusford Bhd last Friday.

Ekovest, Knusford shares lower amid merger agreements to consolidate business 

Egg and poultry stocks rose in Monday morning trade after Prime Minister Datuk Seri Anwar Ibrahim announced during the Budget 2024 presentation last Friday (Oct 13) that temporary price controls on chicken and eggs will be lifted.

Poultry, egg counters rise after PM says temporary price controls on eggs and chicken will be lifted

KUALA LUMPUR (Oct 10): There is a lack of positive catalyst to provide more legs to the rally of the banking stocks on Bursa Malaysia, most of which had climbed steadily in the first half of the year, according to investment analysts.

Lack of catalyst to sustain upward momentum among banking stocks, say analysts

Malaysian oil and gas (O&G) stocks were seen actively traded following news on Russia introducing a temporary ban on exports of gasoline and diesel to all countries except four ex-Soviet Union states, in a bid to stabilise prices in the domestic market.

O&G stocks active after Russia’s export ban on diesel, gasoline

Rubber glove makers saw buying interest on Thursday, with shares in Top Glove Corp Bhd ranking second among the most active stocks on Bursa Malaysia.

Glove makers see buying interest; Top Glove second most active counter

Several real estate developer stocks caught investors’ interest in Monday (Aug 28) morning trade, following Putrajaya’s unveiling intention to turn Johor’s Forest City, developed by China’s beleaguered Country Garden, into a special financial zone.

Developers with Johor exposure shine after govt bid to turn Forest City into special zone

Hap Seng Consolidated Bhd and YTL Power International Bhd traded higher on Monday (Aug 21), after FTSE unveiled that it will be adding the stocks into the small-cap category of its Asia Pacific ex Japan ex China Index in the semi-annual review in September.

Hap Seng Consolidated, YTL Power climb on inclusion into FTSE's Asia-Pacific index in September

The rally in Malaysian banking stocks is gathering steam with Malayan Banking Bhd (Maybank) and RHB Bank Bhd leading the pack, both of which hit record highs this week.

Attractive valuation, relatively steady outlook plus weightage on the FBM KLCI have made the banks the main beneficiary of the renewed foreign interest in Bursa Malaysia, according to analysts contacted by The Edge.

Maybank, RHB Bank hit record highs as banking stock rally gathers steam

The technology index saw several companies perform lower on Bursa Malaysia, amid reports that global smartphone shipments are poised to fall to their lowest in a decade, as economic uncertainties in China and elsewhere persist.

Tech sector in the red on Bursa

Consumer products and services stocks dominated Bursa Malaysia’s list of top losers after the noon break on Tuesday (July 4).

Consumer stocks among top losers amid cautious sentiment

Malaysia wants the Madrid Court to mete out a jail sentence on Gonzalo Stampa for allegedly committing contempt of court and repeatedly defying court orders annulling his appointment as an arbitrator in the Sulu dispute case.

Sulu claim: Malaysia wants Stampa to be jailed — Azalina

Prime Minister Datuk Seri Anwar Ibrahim has called on all relevant parties to emphasise the need for the country's investment landscape and ecosystem to be more creative and investor-friendly.

Anwar wants Malaysia's investment landscape, ecosystem to be more creative and investor friendly

Microsoft Corp is teaming up with labour unions to create “an open dialogue” on how artificial intelligence (AI) will impact workers.

Microsoft, labour unions form ‘historic’ alliance on AI

Taiwan's military sent forces to watch a Chinese naval formation, led by the aircraft carrier Shandong, sailing through the Taiwan Strait on Monday, Taiwan's defence ministry said, as Beijing keeps up pressure ahead of elections next month.

Taiwan again reports Chinese carrier group in Taiwan Strait as election looms

Hamas said it was striking back against Israeli forces across Gaza on Monday and Palestinians and international relief agencies said public order was disintegrating as hunger spread, fuelling fears of a mass exodus to Egypt.

Gazans say hunger is causing social breakdown, fuelling fears of exodus into Egypt

The UN's climate body on Monday published its latest draft text of the deal it hopes to reach at the COP28 summit in Dubai, which includes a range of actions countries could take to reduce emissions.

New COP28 draft text does not mention phase out of fossil fuels

Moody's Investors Service on Monday affirmed the long-term foreign currency deposit ratings of HSBC Bank Malaysia Bhd (HSBC Malaysia) at A2 and Standard Chartered Bank Malaysia Bhd (StanChart Malaysia) at Baa1.

Moody's affirms all ratings of HSBC Malaysia, StanChart Malaysia with stable outlook

The Communications and Digital Ministry (KKD) will carry on blocking social media platforms with content that can influence, affect and compromise public morals.

KKD will continue to block social media platforms that compromise public morals — Fahmi

AT&T Inc’s choice of Ericsson AB for a US$14 billion (RM65.56 billion) revamp of its sprawling mobile network marks a coming of age for flexible wireless technology that promises to bring competition to infrastructure markets dominated by two companies.

AT&T’s US$14b Ericsson deal signals open networks’ arrival

Malaysia has not yet reached a final decision regarding Article 6 Paragraph 2 of the Paris Agreement due to fears that it may affect the Nationally Determined Contribution (NDC) commitment that has been set.

Malaysia still studying Article 6 of Paris Agreement, concerned about impact on NDC commitment

Prime Minister Datuk Seri Anwar Ibrahim is expected to announce a Cabinet reshuffle on Tuesday, which will likely include the appointment of a finance minister II, according to sources with knowledge of the matter.

PM set to announce Cabinet reshuffle tomorrow, EPF CEO tipped to be finance minister II — sources

Supermax Corp Bhd said shareholders without any management role or without position in the company’s board of directors have no authority to make any official statement on its behalf.

Supermax says shareholders without board posts can't speak for company as family strain resurfaces over jet buy

KUALA LUMPUR (Dec 11): Shares in YTL Power International Bhd continued their upward momentum on Monday toward their highest since the company’s listing in 1997, after it announced its partnership with US-tech giant Nvidia Corp to build an artificial intelligence (AI) data centre in Johor.

YTL Power, YTL Corp hit fresh record highs on AI hub tie-up with Nvidia

Huawei Technologies Co’s Mate 60 Pro smartphone shows “significant progress” in China’s domestic design and engineering of radio-frequency chips, according to the latest findings from research firm TechInsights.

Huawei phone shows China replacing US suppliers of 5G tech

Abang Abdillah Izzarim Abang Abdul Rahman Zohari has stepped down as executive chairman of Sarawak Consolidated Industries Bhd (SCIB), just six months after he was appointed to the position.

Abang Jo’s son Abang Abdillah resigns as SCIB executive chairman; Zaini Jass named new non-executive chairman

KUALA LUMPUR (Dec 11): Independent advisor Malacca Securities said the takeover offer price of RM1.55 for Boustead Plantation Bhd (BPlant) by Lembaga Tabung Angkatan Tentera (LTAT) is “not fair” but “reasonable” and recommended that shareholders accept the offer.

Malacca Securities deems BPlant’s takeover price unfair but recommends shareholders accept it

theedgemalaysia.com highlighted three stocks with positive momentum and two stocks with negative momentum at Bursa Malaysia's afternoon close on Monday.

YTL Corp, KUB Malaysia, RCE Capital, Engtex, YTL Power

The contract value of local companies' involvement in the East Coast Rail Link (ECRL) project has reached RM12.99 billion, surpassing the set target of RM10.8 billion, according to Transport Minister&nbsp;Anthony Loke Siew Fook.

ECRL: Local company contract value reaches RM12.99b, surpasses RM10.8b target, says Loke

KUALA LUMPUR (Dec 11): The move towards&nbsp;de-dollarisation could have positive impacts on the Malaysian economy, said&nbsp;Socio-Economic Research Centre executive director Lee Heng Guie.&nbsp;

De-dollarisation could have positive impacts on Malaysian economy — expert

Yang di-Pertuan Agong&nbsp;Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah officiated the installation of the first&nbsp;track of the East Coast Rail Link (ECRL) project here on Monday.

King officiates installation of first ECRL track

DRB-Hicom Bhd has entered into an agreement to form a joint-venture (JV) company with China’s auto giant Zhejiang Geely Holding Group Co Ltd for the overall operation and management of the development and construction of the Automotive Hi-Tech Valley (AHTV) project in Tanjung Malim, Perak.

DRB-Hicom, Geely form JV to develop Automotive Hi-Tech Valley project

KUALA LUMPUR (Dec 11): Jentayu Sustainables Bhd’s second generator of its 40MW (megawatt)&nbsp;Telekosang run-of-river hydropower plant in Tenom, Sabah, has achieved its initial operation date on Dec 9, with the feed-in-tariff commencement date (FiTCD) targeted in the next 30 days.

Jentayu sees Telekosang Hydro 2 feed-in-tariff in one month, to rope in partner for 170MW Project Oriole

Bursa Malaysia snapped five consecutive days of losses last week to end higher on Monday on late buying amid the mixed regional market performance, said an analyst.&nbsp;

Late buying lifts Bursa to end at intraday high

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

EVENING 5: Five things you need to know today

Hong Leong Industries Bhd (HLI) has sold its investment holding firm HLI Trading Ltd (HLIT) to Guoline International Ltd (GIL) for US$7.78 million (RM36.22 million) in a related-party cash transaction.

HLIB sells investment holding unit to major shareholders’ firm

Sentral Real Estate Investment Trust (Sentral REIT) said on Monday that it has completed the acquisition of Menara CelcomDigi in Petaling Jaya from Malaysian Resources Corp Bhd (MRCB) for RM450 million.

Sentral REIT completes RM450 mil acquisition of Menara CelcomDigi from MRCB

KUALA LUMPUR (Dec 11): Bursa Malaysia Derivatives Bhd (BMD) has&nbsp;launched its first currency futures contract, the Mini&nbsp;USD/CNH Futures (FCNH), through a licensing agreement established with Hong Kong Exchanges and Clearing Ltd (HKEX).

Bursa Malaysia Derivatives launches first currency futures contract through HKEX collaboration

Penang has reportedly&nbsp;proven its allure to both new and existing investors, with an investment inflow of RM34.6 billion in the manufacturing sector in the third quarter of 2023 (3Q2023), a 421% year-on-year (y-o-y)&nbsp;increase.

Penang saw RM34.6b manufacturing-sector investment inflow in 3Q, says Chow

Malaysia-headquartered property company United Overseas Australia (UOA) said on Monday its Vietnamese unit had inked a joint-venture (JV) agreement with CapitaLand (Vietnam) Holdings for a US$247.1 million (RM1.16 billion) property project.

UOA, CapitaLand ink JV for US$247m property project in Vietnam

Malaysia’s government can’t rule out whether a local charity funnelled millions of dollars to Hamas, according to officials familiar with the matter, as it probes the group for allegedly supporting a conservative Islamist organisation in the Southeast Asian nation.

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