<div class=newsTextDataWrapInner>KUALA LUMPUR (Aug 6): Below is a summary of how key Bursa Malaysia indices and the ringgit performed on Tuesday:</div>

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A summary of how key Bursa Malaysia indices and the ringgit performed on Tuesday.

FBM KLCI up 2.47% to 1,574.39 on Aug 6, 2024

Shares of Supreme Consolidated Resources Bhd (KL:SUPREME) gained 48% in its trading debut on Friday after the frozen food processor’s initial public offering (IPO) on the ACE Market raised RM17.50 million.

Supreme Consolidated surges 48% on ACE Market debut

International coffee traders are on tenterhooks after Brazil-based traders Atlantica and Cafebras sought to negotiate with creditors in court, having been hit by a surge in global arabica prices.

Coffee market on tenterhooks after Brazil traders seek creditor protection

Capital A Bhd (KL:CAPITALA) slid in early trade on Friday after the aviation group's third-quarter results, which were mainly boosted by forex gains, came below most analysts' expectations.

Capital A slides in early trade after forex-boosted 3Q largely misses expectations

US President Joe Biden on Thursday said he hoped President-elect Donald Trump would rethink his plan to impose tariffs on Mexico and Canada, saying it could "screw up" relationships with close allies.

Biden says he hopes Trump rethinks tariffs on Mexico and Canada

Australia’s controversial new law barring under-16s from social media is one of the toughest crackdowns yet on platforms including Facebook and TikTok as governments worldwide grasp for ways to protect children from harmful content.

TikTok, Meta brace for Australian social media ban fallout

Stocks in Asia are poised to open lower on Friday, while US equity futures gained ahead of markets reopening following the Thanksgiving holiday.

Contracts for Japanese shares fell around 0.2% with those in Australia dropping 0.3% early Friday.

Asian stocks to slip as treasury trading resumes

MORNING CALL: 29/11/24

It turned out to be a good day to celebrate for birthday boy Tanapat Pichaikool when he won the ADT co-sanctioned Toyota Tour Championship at the Kota Permai Golf & Country Resort here today.

Best birthday present for Tanapat following victory in Toyota Tour Championship

France’s benchmark bond yield matched Greece’s for the first time on record, the latest milestone in a week marked by mounting anxiety over the fate of Prime Minister Michel Barnier’s government.

French 10-year borrowing costs match Greece’s for first time

European bond issuance has reached a record-breaking €1.705 trillion (US$1.8 trillion or RM8.02 trillion) this year, passing the high-water mark previously set in 2020.

Europe’s €1.705 trillion bond sales in 2024 beat pandemic record

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

TNB, CIMB, Alliance Bank, HLFG, Hong Leong Bank, Axiata, IHH, Sime Darby, Genting, GENM, PPB, Capital A, Berjaya Corp, Supermax, Farm Fresh, Chin Teck, Icon Offshore, Globetronics

Solar District Cooling Group Bhd (KL:SDCGB), which listed on the ACE Market of Bursa Malaysia on Sept 19, posted a net loss for the third quarter on high administrative expenses related to the initial public offering (IPO) expenses.

Newly listed Solar District Cooling posts 3Q net loss on IPO-linked expenses

The SA Sentral and Section 13 development plan, set to be implemented over the next seven years starting next year, will cover 58.6 hectares (145 acres) and aims to transform the area into a modern, dynamic, and competitive integrated hub in the country.

PKNS unveils development plan for SA Sentral 

Catcha Digital Bhd (KL:CATCHA) is to purchase a 51% stake in software-as-a-service (SaaS) provider Nexible Solutions Sdn Bhd for RM11.38 million, cash.

Catcha to buy 51% stake in software-as-a-service provider Nexible for RM11.4m

Colform Group Bhd’s upcoming debut on the ACE Market of Bursa Malaysia Securities has received the nod from the capital market operator, the steel and building material specialist based in Kota Kinabalu said.

Sabah-based IBS system maker Colform gets Bursa nod for ACE Market listing

Negri Sembilan Oil Palms Bhd (KL:NSOP), which shares the same major shareholder and management with Chin Teck Plantations Bhd (KL:CHINTEK), has declared a 14 sen dividend payout — comprising a special nine sen and second interim five sen payout — after reporting a 26.6% jump in its third quarter net profit from the previous year, largely on higher revenue.

Negri Sembilan Oil Palms pays 14 sen dividend, including special nine sen payout as 3Q profit jumps

Icon Offshore Bhd (KL:ICON), which has proposed a name change to Lianson Fleet Group Bhd, posted a threefold jump in net profit for the third quarter on higher daily charter rates.

Icon Offshore mulls rename to Lianson Fleet Group, 3Q profit triples on higher daily charter rates

WCE Holdings Bhd’s (KL:WCEHB), the concessionaire of the West Coast Expressway (WCE) project, extended its loss-making streak to six straight quarters with a net loss in the July-September quarter, mainly due to interest expenses related to project financing for the completed sections of the highway.

WCE logs sixth straight quarter in the red, eyes return to profit on highway completion

Top Glove Corp Bhd (KL:TOPGLOV) has lodged with the Securities Commission of Malaysia the establishment of an Islamic notes issuance programme (sukuk programme) with an aggregate nominal value of RM3 billion.

Top Glove to establish sukuk wakalah programme of up to RM3bil

High-quality corporate reporting could play a role within the Madani Economy framework, where Malaysia aims to 'raise the ceiling' by expanding the economic pie, fostering broader participation and increasing the complexity of our economy.

High-quality corporate reporting can help country ‘raise ceiling’, says Amir Hamzah

France’s benchmark bond yield matched Greece’s for the first time on record, the latest milestone in a week marked by mounting anxiety over the fate of Prime Minister Michel Barnier’s government.

Wellcall Holdings Bhd (KL:WELLCAL) declared a special dividend on top of an interim dividend, despite a 56.22% drop in the industrial rubber hose maker’s fourth quarter net profit — mainly due to foreign exchange (forex) losses.

Wellcall's 4Q profit drops 56% on forex loss, pays 2.2 sen dividend

Stocks in Asia are poised to open lower on Friday, while US equity futures gained ahead of markets reopening following the Thanksgiving holiday.

Contracts for Japanese shares fell around 0.2% with those in Australia dropping 0.3% early Friday.

Capital A Bhd (KL:CAPITALA) slid in early trade on Friday after the aviation group's third-quarter results, which were mainly boosted by forex gains, came below most analysts' expectations.

France will sharply reduce subsidies for electric-car purchases in the coming days, with a new scale ranging from €2,000 (RM9,364) to €4,000 based on income, down from the previous range of €4,000 to €7,000, a government source said on Thursday.

France slashes electric car subsidies amid budget crunch

Datuk Seri Mohamed Azmin Ali has been appointed as Bersatu secretary general effective Thursday, party president Tan Sri Muhyiddin Yassin said.

Azmin Ali appointed Bersatu sec gen

Shares of Supreme Consolidated Resources Bhd (KL:SUPREME) gained 48% in its trading debut on Friday after the frozen food processor’s initial public offering (IPO) on the ACE Market raised RM17.50 million.

European bond issuance has reached a record-breaking €1.705 trillion (US$1.8 trillion or RM8.02 trillion) this year, passing the high-water mark previously set in 2020.&nbsp;

European stocks snapped two days of declines, with technology leading the advance amid hopes that US curbs on chip equipment sales to China may prove lighter than feared.

The US is considering&nbsp;measures&nbsp;on sales of semiconductor equipment and AI memory chips to China that would stop short of stricter limits previously under discussion, Bloomberg News reported.

Tech reprieve lifts stocks, French crisis swirls

Australia’s controversial new law barring under-16s from social media is one of the toughest crackdowns yet on platforms including Facebook and TikTok as governments worldwide grasp for ways to protect children from harmful content.