<div class=newsTextDataWrapInner>KUALA LUMPUR (May 30): RHB Retail Research said SSF Home Group Bhd (KL:SSF) is set to climb upwards after bouncing off the recent breakout level of 29.5 sen on Wednesday, with strong trading volume.</div>

<div class=newsTextDataWrapInner>In a trading stocks on Thursday, the research house said coupled with a “White Marubozu” bullish candlestick formation on Wednesday, the bullish momentum may propel the stock higher towards the 33.5 sen resistance (its all-time high), before surging into unchartered territory at 40 sen.</div>

<div class=newsTextDataWrapInner>“However, falling below the 27 sen support will reverse the momentum, as the counter would trade below the simple moving average line and form a 'lower low'&nbsp;bearish structure,” RHB said.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

RHB Retail Research said SSF Home Group Bhd (KL:SSF) is set to climb upwards after bouncing off the recent breakout level of 29.5 sen on Wednesday, with strong trading volume.

SSF Home Group set to climb upwards, says RHB Retail Research

The Royal Malaysian Navy has wasted RM384.49 million worth of unused spare parts, according to the 2024 Auditor General's Report.

One depot has 1.62 million unused parts worth RM381.69 million, while another depot has over 6,000 parts worth RM2.8 million, the report said. One reason cited for the non-utilisation of the spare parts is the exchange of equipment on ships with different brands and types of equipment.

Over RM384m worth of spare parts wasted by navy, AG's Report finds

Kuala Kubu Baharu assemblywoman Pang Sock Tao on Thursday took her oath of office during the second meeting of the second term of the 15th Selangor state assembly at Wisma Negeri, here.

Pang Sock Tao takes oath of office

Thailand has ample enough liquidity to handle a rise in government borrowing to fund the budget deficit and an almost US$14 billion (RM65.96 billion) cash handout, said Jindarat Viriyataveekul, the finance ministry’s public debt adviser.

Thailand says rise in state debt won’t crowd out private sector

MIDF Research and Public Bank Investment Bank (PBIB) kept their "neutral" stance on WCT Holdings Bhd (KL:WCT) after the group announced its plans to unlock its assets through real estate investment trust (REIT).

Analysts keep neutral call on WCT; cites REIT plan unlock value assets

BEIJING (July 4): China's President Xi Jinping made a congratulatory call on Thursday to incoming European Council president Antonio Costa, Chinese state media said, a few hours before the European Commission's curbs on Chinese electric cars were scheduled to take effect.

China's Xi greets EU Council president ahead of EV tariffs taking effect

President Xi Jinping upheld China’s ties with Russia, and reaffirmed Beijing’s position on Ukraine, despite growing frustration among Western governments over perceived Chinese support for Moscow’s war efforts.

Xi backs Putin as pressure builds on Beijing to end Ukraine war

The charges against Datin Seri Rosmah Mansor in her RM7.1 million money-laundering and tax evasion case were groundless, the court heard on Thursday.

Rosmah's money-laundering, tax evasion charges groundless, defence argues

Ocean Fresh Bhd (KL:OFB), which surged 204% in its trading debut on Thursday, said that the company is planning to expand its fish supply in East Malaysia as the region has abundant fish resources.

Newly listed Ocean Fresh looking eastward for fish supply

Moomoo Malaysia aims to start distributing unit trust funds through its online investment and trading app in the next one to two months.

A source who is familiar with the matter confirmed it with Wealth when contacted.

Moomoo Malaysia to distribute unit trust funds in a month or two

KUALA LUMPUR (July 4): theedgemalaysia.com highlighted nine stocks with momentum at Bursa Malaysia’s afternoon close on Thursday. One stock showed positive momentum, while eight stocks showed negative momentum.

Mpire, SunCon, YSP Southeast Asia, Hextar Healthcare, Dataprep, Asia Poly, Appasia, Divfex, Solid Automotive

KUALA LUMPUR (July 4): Shares of Toyo Ventures Holdings Bhd (KL:TOYOVEN) plunged to its lowest in over one month on Thursday, following a news report of the termination of the Song Hau 2 thermal power plant project by the Vietnamese government.

Toyo Ventures’ shares plunge 25% amid news report of Vietnamese contract termination

KUALA LUMPUR (July 4): The Securities Commission Malaysia (SC) has cautioned the public on investment scams enticing investors with pre-initial public offering (pre-IPO) shares of companies seeking to list on Bursa Malaysia.

Securities Commission warns public on pre-IPO investment scams

Shares of Ocean Fresh Bhd (KL:OFB) more than doubled in its trading debut on the ACE Market after the frozen seafood company raised RM14.01 million from its initial public offering (IPO) on the back of strong demand.

Ocean Fresh shares more than double on ACE Market debut

The red-hot Washington debate over whether President Joe Biden will scrap his run for re-election is spilling into Wall Street, where traders are shifting money to and from the dollar, Treasuries and other assets that would be impacted by Donald Trump’s return to office.

The recalibration of portfolios kicked off at the end of last week after Biden’s disastrous debate with Trump heightened concerns the 81-year-old Democrat is too old to serve another term.

Global markets on alert for Biden exit as Trump-win trades mount

Former prime minister Tan Sri Muhyiddin Yassin has engaged a King’s Counsel in his fight against abuse of power and money-laundering charges.

Steven Perian, who returned to Malaysia earlier this year from the UK and joined Messrs Rosli Dahlan Saravana Partnership, will appear with Datuk Hisyam Teh Poh Teik and 13 other lawyers before a five-member Court of Appeal bench on July 9. Hisyam confirmed to The Edge the addition of Steven.

Muhyiddin enlists King's Counsel in fight against corruption charges

The Auditor General's Report (LKAN) 2/2024, tabled at the Dewan Rakyat on Thursday, highlighted nine audits involving 11 ministries, with the total cost of the audited projects amounting to RM41.97 billion.

AG's Report 2/2024 highlights nine audits involving 11 ministries; cost of audited projects totals RM41.97b

KUALA LUMPUR (July 4): The Auditor General’s Report 2024 has flagged a suspicious disbursement of training grants, totalling RM51.69 million by the Human Resources Development Corp&nbsp;(HRD Corp).

AG flags HRD Corp for suspicious RM51.69m disbursements

Hong Leong Investment Bank (HLIB) has turned more positive on the consumer sector, upgrading its call to "overweight", from "neutral", due to potential margin expansion from lower raw material prices and consumption boosts from the Employees Provident Fund (EPF) Account 3 and civil servant pay hikes.

HLIB upgrades consumer sector to overweight, names Aeon, Focus Point, QL Resources as top picks

Philip Research reaffirmed its positive outlook on OCK Group Bhd (KL:OCK), projecting significant gains from widespread 5G adoption and a record-breaking year in 2024.

Philip Research sees record year for OCK, boosted by 5G and order book

&nbsp;US&nbsp;President&nbsp;Joe&nbsp;Biden&nbsp;vowed to stay in the&nbsp;2024 presidential race&nbsp;during a call with campaign staff on Wednesday and sought to reassure top Democrats on Capitol Hill that he is fit for reelection despite&nbsp;his&nbsp;shaky&nbsp;debate performance last week.

Biden&nbsp;dialed in to a call with worried members of&nbsp;his&nbsp;campaign team&nbsp;and told them he wasn't going anywhere, according to two sources familiar with the call.

'I am running' — Biden scrambles as pressure grows to abandon his campaign

Wall Street traders sent stocks higher as bonds yields fell after a string of weaker-than-estimated economic reports reinforced the case for the Federal Reserve to start cutting rates this year.

<article>
In a shortened session ahead of the&nbsp;US holiday, the S&amp;P 500 hit an all-time high on bets lower rates will keep fueling Corporate America.
</article>

Stocks hit fresh highs as weak data sink US yields

The Public Accounts Committee (PAC) found that the Human Resource Development Corp, or HRD Corp, has been utilising a significant portion of the levy it collected from companies for risky investments.

PAC reveals HRD Corp has been utilising levy collected for risky investments

Budget pressures are forcing governments across Southeast Asia to rethink fuel subsidies, risking political backlash and another inflation blow to their economies.

Thailand and Malaysia have let diesel prices climb in the past weeks to ease the burden on public finances as global crude prices rise.

Asia’s fuel subsidies are falling victim to budget pressures

The dollar dropped by the most in three weeks as data showed the US services sector contracted in June at the fastest pace in four years, sending Treasury yields lower.

The Bloomberg Dollar Spot Index dropped 0.4% Wednesday, the biggest decline since June 12. The currency lost ground against all of its major counterparts, with the Norwegian krone, Swedish krona and the Australian dollar leading the advances.

Dollar drops most in three weeks as yields fall on rate-cut bets

BANGI (July 4): The price of palm oil will become uncompetitive compared to other producing countries if the windfall profit levy (WPL) on palm oil in this country is not revised.

Palm oil prices risk uncompetitiveness without windfall profit levy revision — minister

KUALA LUMPUR (July 4): Analysts remain upbeat on Mah Sing Group Bhd (KL:MAHSING) after it acquired a piece of land in Taman Desa, which is earmarked for an RM1 billion high-rise residential project.

Analysts remain upbeat on Mah Sing after Taman Desa land acquisition 

Some of the world’s biggest oil-hauling supertankers are instead loading up vast volumes of diesel in the latest sign of how attacks by Yemen’s Houthis are upending global shipping.&nbsp;

At least one so-called very large crude carrier, or VLCC, capable of hauling two million barrels of oil is already sailing from the Middle East to Europe, while another is in the process of loading, according to Kpler and ship-tracking data compiled by Bloomberg.&nbsp;

Giant oil tankers find new business after Houthi ship attacks

Asian stocks hit 27-month highs on Thursday as softer US data narrowed the odds on a September rate cut there, boosting bonds and commodities while dragging on the dollar.

Asian stocks hit 27-month top, dollar slips on rate cut talk

Nvidia Corp chief executive officer Jensen Huang unloaded shares worth nearly US$169 million (RM796.24 million) in June, the most he has netted in a single month, as insatiable demand for the chips used to power artificial intelligence (AI) drove the stock to fresh peaks.

Nvidia CEO cashes in on rally with US$169m share sale

（吉隆坡4日讯）继报道指越南政府终止Song Hau 2号热电厂项目后，Toyo Ventures Holdings Bhd（KL:TOYOVEN）股价狂泻至1个多月来的最低点。