Markets

DLADY’s Top Traded Stock While MPI Dips At Bursa’s...

The overall market performance was weak, with 620 stocks falling, 577 stocks rising, 473 stocks flat, 673 stocks untraded, and 79 stocks suspended. Top Gainers NOSTOCK NAMESTOCK CODELAST DONECHGVOL ('00)1DLADY 302636.000+1.1006922PMETAL 88695.610+0.240210,5513IJM 33362.770+0.230239,3264MAHSING 85831.710+0.190544,3585KLK 244521.540+0.18020,650 Top Losers NOSTOCK...

Bursa Malaysia Closes Marginally Lower

Bursa Malaysia recouped some of its earlier losses to settle marginally lower as buying activities emerged towards the end of the trading session. At 5pm, the FTSE Bursa Malaysia KLCI...

Foreign Exchange Rates May 30, 2024

The closing Foreign Exchange rates (from Bank Negara) as at 5pm, May 30 are as presented below:   Foreign Currency UnitsBuyingSelling1 U.S. Dollar4.7054.7091 Australian Dollar3.11143.1151 Brunei Dollar3.48113.48741 Canadian Dollar3.43013.434100 Cambodian Riel0.11410.11541...

FBM KLCI Bucks Regional Trend As Stocks Bounce

The FBM KLCI rebounded from earlier losses, with investor sentiment turning bullish on domestic equities despite the downbeat tone in global markets. By 12:30 pm, the key index had gained...

IJM Corporation Bullish On New Construction Job Wins

IJM Corporation Bhd’s (IJM) FY24 results beat expectations with its FY24 core net profit  jumping 50% thanks to strong performance from Kuantan Port on  tariff hikes and higher throughput,...

Property

KAB Bags New Contract From Top Client Worth RM29.5...

Kinergy Advancement Berhad announced that it has secured another engineering contract worth RM29.5 millio from its long-standing partner, Mah Sing Group Berhad. This marks the 14th contract won by KAB, following the...

AME Elite’s Full Year Dips 11% Due To Lower...

AME Elite Consortium Berhad reported profit after tax of RM126.0 million in the financial year ended 31 March 2024 (FY2024), a decrease of 11.3% from RM142.0 million in the...

Tropicana’s Net Loss Nearly Doubles In Q1 To RM9...

Tropicana Corporation Berhad reported its unaudited financial results for the first quarter ended 31 March 2024 recording a revenue of RM291.3 million which was RM34.5 million or 13.5% higher...

News

Inflation In Laos Increased 25.8% In May

Inflation in Laos increased to 25.8 percent year-on-year in May from 24.92 percent in April, according to a report released by the Lao Statistics...

KLIA Congested With Migrant Workers As Thousands Arrive Before Deadline

Migrant worker arrivals at Malaysia’s Kuala Lumpur International Airport (KLIA) have surged before a Friday (May 31) deadline, with four to nine times more...

KAB Bags New Contract From Top Client Worth RM29.5 Million

Kinergy Advancement Berhad announced that it has secured another engineering contract worth RM29.5 millio from its long-standing partner, Mah Sing Group Berhad. This marks the 14th contract...

FedEx Tells PM Anwar Of Expansion Plans In Malaysia

Multinational express transportation company FedEx Corporation plans to expand its business in Malaysia, especially involving existing facilities at several airports, said Prime Minister Datuk...

TM’s Former CEO Datuk Bazlan Returns As Director

Telekom Malaysia has announced the appointment of Tan Sri Yong Poh Kon and Datuk Bazlan Osman as the group's new independent directors effective immediately. Tan...

Press Metal Gains From Asian Recovery, Q1 PAT Up 44% To RM408 Million

Press Metal Aluminium Holdings Berhad released its first quarter financial results for the three months ended 31 March 2024 with revenue increasing by 17.7%...

AME Elite’s Full Year Dips 11% Due To Lower Fair Value Gains

AME Elite Consortium Berhad reported profit after tax of RM126.0 million in the financial year ended 31 March 2024 (FY2024), a decrease of 11.3%...

Keyfield Receives Appointment As Panel Contractor To Petronas

Keyfield International Berhad announced that its wholly owned subsidiary has received Letters of Appointment as a panel contractor for the Panel Contractor Contract for Offshore...

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Trade

While GDP On Track, RAM Expects Higher Inflation At...

RAM Ratings maintains its projection for Malaysia’s GDP growth in 2024 at 4.5%-5.5% (2023:...

Ringgit Claws Back

The local currency has mustered some strengths and broke away from the 4.7 levels...

Selangor Saw Investment In Manufacturing Jump 40% To RM19.31...

Selangor Chief Minister stated that a total of 89,000 job opportunities were created over...

Malaysia’s Terms Of Trade Fell 1% In April Led...

Malaysia’s export prices in April 2024 decreased by 0.4 per cent from 149.8 points...

Malaysia’s April PPI Edges Higher By 1.9%

The Department of Statistics noted that the Malaysia’s Producer Price Index (PPI), which measures...

Matrade Connects 25 Foreign Companies With Malaysian Firms At...

The International Sourcing Programme (INSP) organised by Malaysia External Trade Development Corporation at SEMICON...

Malaysia Would Benefit From External Trade Recovery

The annual increase in exports was 11.9 percent in April, versus a 4.7 percent...

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