<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Aug 14): Below is a summary of how key Bursa Malaysia indices and the ringgit performed on Wednesday:</p></div>

<div class="pb-5 imgw-800 mx-auto d-block"><a class="mobx embedimg-icon" data-desc="" data-rel="ceolightbox" href="//myassets.theedgemalaysia.com/pics/2024/bursa-close2-1408.png"><img alt="" src="//myassets.theedgemalaysia.com/pics/2024/bursa-close2-1408.png" /></a></div>
</div><div class=inPageAd id=div-gpt-ad-inpage>

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

FBM KLCI rises 0.18% to 1,612.35 on Aug 14, 2024

Sanrio Co shares tumbled the most since May 2014 after the brand owner of Hello Kitty said holders including its president will sell shares in the open market.

Hello Kitty stock sinks most since 2014 on share sale plan

Analysts have raised their earnings forecasts, with at least one upgrading its call on the country's largest lender by assets, Malayan Banking Bhd (KL: Maybank), after its third-quarter results met expectations.

Analysts raise forecasts, recommend buying Maybank on price weakness after 3Q results

MORNING CALL: 27/11/2024

Retail investors are cashing out from China’s exchange-traded funds, risking further market volatility if Beijing fails to boost sentiment, according to analysts. 

ETFs have seen net outflows since late October, according to an analysis by Haitong Securities.

China’s stock rally faces risk as retail enthusiasm seen cooling

Stocks in Asia are set for a mixed open after investors looked past Donald Trump’s tariff plan to lift the US benchmark to yet another record. President Joe Biden said Israel and Hezbollah reached a cease-fire agreement.

Asian stocks to waver as US shrugs off tariffs

Even as birth rates fell further in South Korea and Singapore, where less than one baby is born to every woman of reproductive age, Malaysia’s total fertility rate (TFR) surprisingly inched higher to 1.7 in 2023 from a record low of 1.6 in 2022.

Demographic squeeze : Declining birth rates and the rising burden of eldercare

Japanese chip distributor Macnica Holdings Inc is seeking possible acquisition targets in other parts of Asia, a sign of industry pressures to consolidate.

Macnica, which sells chips made by the likes of Intel Corp’s Altera, is eyeing an overseas acquisition to better hold its own against bigger competitors.

Japan’s top chip distributor eyes acquisitions in China, India

The dollar advanced after President-elect Donald Trump vowed additional tariffs on Mexico, Canada and China, upending recent macro bets on more measured economic plans from the next US administration.

Dollar buoyed as currency traders heed Trump’s tariff threats

President-elect Donald Trump vowed additional tariffs on Mexico, Canada and China, shaking markets with his first specific threats to the US’s top trading partners since his election win three weeks ago.

Trump’s tariff threat to top trading partners roils markets

Stocks closed at all-time highs as investors looked past Donald Trump’s tariff plan, with geopolitical risks abating after Israel and Hezbollah reached a cease-fire agreement.

US stocks hit record high on Israel cease-fire deal

<p>Boustead Holdings Bhd has ceased to be a shareholder of Affin Bank Bhd (KL:AFFIN) after selling all the 482.11 million shares it held in the banking group, equivalent to a 20.08% stake.</p>


Boustead exits Affin Bank after selling entire 20% stake

<p>Here is a brief recap of some corporate announcements that made the news on Tuesday</p>


IJM, Maybank, Sunway, IOI Corp, YTL, YTL Power, KLK, Batu Kawan, MAHB, TM, Greatech, Leong Hup, Pharmaniaga, Tan Chong, Matrix Concepts, E&O

<p>Tan Chong Motor Holdings Bhd (KL:TCHONG) suffered its largest loss in a decade in the July-September quarter due to higher foreign exchange (forex) loss, softer consumer sentiment and a competitive business landscape that hurt its vehicle sales.</p>


Tan Chong posts biggest loss in a decade on lower vehicle sales, higher forex loss

<div class="ceonothumb mx-auto pb-5">
<div>
<div class="iframe-w100-wrapper"><iframe allowfullscreen="" frameborder="0" height="500" src="https://www.youtube.com/embed/pCwFQHzAzIs?si=EJn8MQBYV-CAV27h&amp;rel=0&amp;autoplay=1&amp;mute=1" width="840"></iframe></div>
</div>

<p class="thumb-cap">E...

EVENING 5: Five things you need to know today

<p>Malakoff Corp Bhd (KL:MALAKOF) returned to profit for the third quarter mainly amid lower weighted average coal costs following a stabilisation of global coal prices.</p>


Malakoff returns to the black in 3Q on lower coal costs, insurance claim

<p>Thyssenkrupp's&nbsp;steel business plans to cut some 40% of its workforce over the coming years, it announced on Monday in the latest painful overhaul of a German industrial giant, with workers promising fierce resistance.</p>


Thyssenkrupp to cut 11,000 jobs at steel division in major corporate shakeup

<p>US-based travel companies, from Marriott International to Booking Holdings are trimming their budgets and workforce ahead of next year as falling leisure travel demand from lower-income travellers hits top-line growth.</p>


US-based travel companies plan layoffs ahead of 2025

<p>The Ministry of Health (MOH) remains steadfast in its decision to mandate the display of medication prices in private healthcare facilities starting next year, despite concerns raised by industry players.</p>


MOH says no U-turn on mandatory medicine price display

<p>Southern Cable Group Bhd’s (KL:SCGBHD) net profit for the third quarter more than doubled from a year ago on higher sales volume of power cables and improved margins, attributable to better product mix and economies of scale on increased production.</p>


Southern Cable 3Q net profit doubles to record high, declares 0.75 sen dividend

<p>Retail investors are cashing out from China’s exchange-traded funds, risking further market volatility if Beijing fails to boost sentiment, according to analysts.&nbsp;</p>

<p>ETFs have seen net outflows since late October, according to an&nbsp;analysis&nbsp;by Haitong Securities.</p>


<p>Analysts have raised their earnings forecasts, with at least one upgrading its call on the country's largest lender by assets, Malayan Banking Bhd (KL: Maybank), after its third-quarter results met expectations.</p>


<p>WCT Bhd recorded a net profit of RM173.22 million for the third quarter ended Sept 30, 2024 (3QFY2024), compared with a net loss of RM13.54 million a year earlier, thanks to the remeasurement of interest in a jointly controlled entity amounting to RM184 million.</p>


Remeasurement gain from JV helps lift WCT's 3Q net profit despite revenue dip

<p>Electronic reload and bill payment services provider RichTech Digital Bhd has inked an underwriting agreement with KAF Investment Bank in conjunction with its planned initial public offering (IPO) exercise on the ACE Market of Bursa Malaysia.</p>


ACE Market-bound RichTech inks underwriting agreement with KAF Investment Bank

<p>Japanese chip distributor Macnica Holdings Inc is seeking possible acquisition targets in other parts of Asia, a sign of industry pressures to consolidate.</p>

<p>Macnica, which sells chips made by the likes of Intel Corp’s Altera, is eyeing an overseas acquisition to better hold its own against bigger competitors.</p>


<p>Even as birth rates fell further in South Korea and Singapore, where less than one baby is born to every woman of reproductive age, Malaysia’s total fertility rate (TFR) surprisingly inched higher to 1.7 in 2023 from a record low of 1.6 in 2022.</p>


<p>Stocks in Asia are set for a mixed open after investors looked past Donald Trump’s tariff plan to lift the US benchmark to yet another record. President Joe Biden said Israel and Hezbollah reached a cease-fire agreement.</p>


<p>Stocks closed at all-time highs as investors looked past Donald Trump’s tariff plan, with geopolitical risks abating after Israel and Hezbollah reached a cease-fire agreement.</p>


<p>Loss-making timber firm Maxland Bhd (KL:MAXLAND), formerly known as Priceworth International Bhd, is issuing new shares representing 20% of its current share base to two companies, including the private vehicle of its non-executive chairman Datuk Abd Aziz Sheikh Fadzir, to raise funds for its new ventures into bus assembly and the development of district cooling systems for industrial buildings.</p>


Maxland secures RM14.6m via share placement for bus assembly, cooling system ventures

<p>The benchmark S&amp;P 500 and the Nasdaq extended recent gains on Tuesday, as technology stocks rebounded, while investors parsed Donald Trump's tariff pledges on top trade partners and awaited minutes from the Federal Reserve's latest meeting.</p>


S&P 500, Nasdaq advance ahead of Fed minutes; markets analyse Trump's tariff threats

<p>The Ministry of Communications has urged expediting the completion of mobile service provisioning under Phase 1 of the National Digital Network (Jendela) initiative, especially since it was supposed to be completed in October 2024.</p>
