Markets

Can Equities Extend Gains?

It took two soft US economic reports and an approving nod from Fed Chair Powell for equity markets to regain record highs. As flagged last week, after a softer-than-expected...

MPI Is Lead Trading Counter While UTDPLT Ends Week Lower

Gainers outnumbered losers 846 to 374, with 497 counters unchanged, 652 untraded and 10 others suspended. Top Gainers NOSTOCK NAMESTOCK CODELAST DONECHGVOL ('00)1MPI 386736.600+3.1009,1172ALLIANZ116323.380+1.3009383ALLIANZ-PA1163PA24.000+1.1001294HEIM325525.600+0.8405,1485DKSH 59085.280+0.2705,126 Top Losers NOSTOCK NAMESTOCK CODELAST DONECHGVOL ('00)1UTDPLT 208925.840-0.3601,9132PANAMY371919.480-0.2207273AJI 265815.940-0.1802,7574PMETAL 88695.200-0.16087,3065KLK 244522.400-0.1209,335 Source: Bursa Malaysia

Stocks On Upbeat Mode With 846 Gainers Amid GDP...

Shares on Bursa Malaysia closed in an upbeat mode Friday as investors cheered the nation’s first-quarter (1Q) gross domestic product (GDP) growth, which beats consensus estimates. At 5pm, the FTSE...

Foreign Exchange Rates May 17, 2024

The closing Foreign Exchange rates (from Bank Negara) as at 5pm, May 17 are as presented below:   Foreign Currency UnitsBuyingSelling1 U.S. Dollar4.6854.691 Australian Dollar3.11653.12261 Brunei Dollar3.47663.48231 Canadian Dollar3.4353.4397100 Cambodian Riel0.11390.11531...

Bursa Malaysia’s Rally Pushes On Amid Regional Profit-taking

Bursa Malaysia remained resilient amidst profit-taking pressures observed in regional markets, maintaining an upward trajectory during the early session. The index displayed signs of a rally approaching midday, particularly...

Property

Berjaya Launches Times Square 2 Serviced Residence

Berjaya Times Square Sdn Bhd, a subsidiary of Berjaya Assets Bhd, has launched Times Square 2 Kuala Lumpur locate adjacent to Berjaya Times Square and Bukit Bintang City Centre...

S P Setia Records 40% Jump In Q1 Profits...

S P Setia reported a profit before tax rose to RM181.2 million in Q1 2024, representing a 56% increase compared to the same period in the previous year, while...

MK Land CEO To Cease Office In June

MK Land said its Chief Executive Officer Datuk Ahmad Faris Yahaya will be ceasing office on June 30 as his contract will be expiring. Dato’ Faris was appointed as the...

News

Industrial Universities In Malaysia: Bridging The Divide Between Education And Industry

By: Ts. Dr. Hj. Muhammad Khusairy Bin Capt. Hj. Bakri In the dynamic landscape of higher education, Malaysia has witnessed a significant evolution, however, with...

Malaysia Needs To Herald The Growing Trend Of Industrial Universities

In the dynamic landscape of higher education, Malaysia has witnessed a significant evolution, however, with the emergence of industrial universities in other parts of...

China’s Satellite Navigation Industry Expands 7% In 2023

The total output value of China's satellite navigation and positioning service industry reached 536.2 billion yuan (about 74.2 billion U.S. dollars) in 2023, up...

Aeon Stays Cautious For 2024 Due To Concerns Of Inflation

AEON launched its 40th-anniversary celebrations with the grand opening of its 35th store in Setia Alam to counter the post-festive lull. MIDF said the...

A Criminologist View Of The Ulu Tiram Police Station Attack

The attack on the Ulu Tiram station by an unknown assailant (now identified) in the wee hours of Friday morning tormented and shocked the...

APEC Expects Regions Growth Will Reach 3.4% In 2024

APEC is of view that growth in its region will reach 3.4 percent in 2024 and slow to 2.9 percent in 2025-2026, this projected...

Singapore’s Covid-19 Cases Nearly Doubles, Public Hospitals To Reduce Non-Elective Surgeries

There has been a near doubling of COVID-19 cases in Singapore week-on-week, prompting the Health Ministry to take steps to ensure sufficient capacity at...

Berjaya Launches Times Square 2 Serviced Residence

Berjaya Times Square Sdn Bhd, a subsidiary of Berjaya Assets Bhd, has launched Times Square 2 Kuala Lumpur locate adjacent to Berjaya Times Square...

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Trade

APEC Expects Regions Growth Will Reach 3.4% In 2024

APEC is of view that growth in its region will reach 3.4 percent in...

Ringgit On Right Trajectory After Friday Closing At 4.68

The ringgit strengthened to below the 4.70/USD level at 4.68 as of Friday evening...

Selangor IC Design Park’s Office Space To Expand 50%...

The Selangor's Integrated Circuit (IC) Design Park in Puchong is planning to expand its...

Trade Mission To Egypt, Libya Bears Fruit With RM250...

Malaysia External Trade Development Corporation (export drive mission to North Africa region especially in...

Malaysia’s Inflation In 2023 Was Slower At 2.5%: DOSM

According to the Department of Statistics, Malaysia's inflation in 2023 recorded a slower increase...

US Based Panduit Opens New Manufacturing Plant In Johor

Panduit, a global leader and manufacturer of  cutting-edge electrical and network infrastructure solutions, has...

Impact Of Global Portfolio Flows And Net Investments Position...

MARC ratings has released it third part on the 'realignment of ringgit' where it...

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