Markets

Nasdaq Sets Another Record As Wall Street Wins Back...

U.S. stocks rose Friday in a bounce back from Wall Street’s worst day since April. The S&P 500 gained 36.88 points, or 0.7%, to 5,304.72 and won back all its...

Bursa Malaysia Slips With Over 800 Stocks In The...

Bursa Malaysia ended the day broadly lower, with over 800 stocks in the red, reflecting regional equity declines due to profit-taking in index-linked stocks. At the close, the FBM KLCI...

Bursa Malaysia’s May 24, 2024 Top Gainers And Losers

Top Gainers NOSTOCK NAMESTOCK CODELAST DONECHGVOL ('00)1KLK 244522.260+0.40020,9262BLDPLNT 506910.980+0.30073HLIND 330111.800+0.2204194INARI 01663.430+0.200348,6765EUROSP 70941.700+0.1803,130 Top Losers NOSTOCK NAMESTOCK CODELAST DONECHGVOL ('00)1MPI 386738.500-0.6603,4222BAT41628.430-0.61012,2493PETDAG 568119.900-0.52018,0364YTLPOWR67424.950-0.430846,9235ALLIANZ-PA1163PA24.500-0.3805 Source: Bursa Malaysia

Foreign Exchange Rates May 24, 2024

The closing Foreign Exchange rates (from Bank Negara) as at 5pm, May 24 are as presented below:   Foreign Currency UnitsBuyingSelling1 U.S. Dollar4.7114.7161 Australian Dollar3.11443.11871 Brunei Dollar3.4873.4921 Canadian Dollar3.43273.4373100 Cambodian Riel0.11450.11591...

FBMKLCI Falls On Profit-taking, In Line With Regional Selling

During the early session, the FBM KLCI dropped by 10 points as investors chose to take profits following indications that the US central bank might not implement interest rate...

Property

Scientex To Acquire Land In Penang For RM462 Million

Scientex through its subsidiary has entered into a conditional Sale and Purchase Agreement with Land Capacity for the proposed acquisition of 37 pieces of freehold land, all situated in...

Sunsuria’s Stake In BHP Raised To 84%

Sunsuria Berhad announced its second quarter and six months financial results for the period ended 31 March 2024. in 1H FY2024, the group recorded a 51.3% year-on-year revenue growth...

NCT Group’s Ion Belian Garden Project Receives Overwhelming Response

NCT Platinum Sdn Bhd, a prominent property developer, recently marked a significant milestone with the unveiling of the final phase of its Ion Belian Garden project, Precinct B-Phase 2....

News

Pelikan Sees Q1 Improve, Has Till December To Submit Financial Plans

Pelikan generated sales of RM31 million in the current quarter compared to RM2.8 million in the previous year’s corresponding quarter. The significant increase in...

Continued Rise In LI Reflects An Optimistic Malaysian Economy

The Leading Index (LI) for Malaysia remained in a positive growth for four consecutive months, recording a rise of 2.3 per cent to 112.2...

Malaysia’s GDP Growth Created More Jobs In Q1

The Department of Statistics released the latest data on employment in Malaysia, with labour supply expanding further, at an increased participation rate of 0.4...

Fire Destroys Indonesia’s State Run Oil Corp Facility

Indonesia's state run oil giant, Pertamina said it guarantees that fuel oil supplies will continue to run normally after a fire broke out on...

SPIL Breaks Ground On New RM6 Billion Plant In Penang

Siliconware Precision Industries Co., Ltd. (SPIL), a major global semiconductor packaging and testing company, broke ground of its Malaysia P1 plant at Bandar Cassia...

Petronas LNG Unit Resumed Operation After Power Loss

Malaysia LNG Group of Companies (MLNG), a subsidiary of Petronas said it has successfully resumed full operations on 19 May 2024, upon restoring affected...

Betamek Anticipates A Big FY25 With New Partnership

For FY2024 Q4, Betamek achieved revenue of RM56 million and a PBT of RM5.6 million. This performance was primarily driven by the vehicle audio...

Agmo Continues To Ride The Digital Wave

AGMO HOLDINGS BERHAD announced its financial results for the fourth quarter and full financial year ended 31 March 2024 where its total revenue increased by...

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Trade

SPIL Breaks Ground On New RM6 Billion Plant In...

Siliconware Precision Industries Co., Ltd. (SPIL), a major global semiconductor packaging and testing company,...

Malaysia’s Trade With Japan Set To Rise Driven By...

Malaysia's trade with Japan is expected to increase this year, driven by investments in...

Ringgit Back In The 4.7 Territory

The ringgit has gone pass the 4.7 territory to close at 4.719 level on...

Potential Investment Of RM1.45 Billion And Trade Of RM550...

Prime Minister Datuk Seri Anwar Ibrahim who made a three day visit to Japan...

Ringgit Heading Into A Choppy Trading Week

The ringgit stabilised around the 4.68 - 4.70 level against the greenback as the...

MIDF Maintains Trade Forecasts But Cautious On Risks

Malaysia's exports rebounded to +9.1%yoy in Apr-24. Malaysia’s exports rebounded and grew at +9.1%yoy...

Malaysia’s Trade And Current Account Surplus Remain Supported: OCBC

The Ministry of International Trade and Investment released April's trade data showing a 12%...

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