Markets

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...

Asian Stocks Fall, Dollar Rises As Rate Cut Wager...

Asian stocks fell on Friday, while the dollar advanced as strong US economic data bolstered the prospect of interest rates staying higher for longer and the Federal Reserve taking...

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

Tan Chong Starts The Year Tripling Its Losses

Tan Chong for the quarter ended 31 March 2024 recorded revenue of RM563.7 million, a reduction of 9.1% compared to the same period preceding...

Sports Toto PAT Triples In Q3 As Payouts Reduced

Sports Toto Berhad reported RM1.69 billion revenue in the third quarter this year, registering a climb of 2.4% over the revenue of RM1.66 billion...

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...

IOI Corp’s Q3 PAT Dips Nearly 40% But Expects CPO Price To Recover

IOI Corporation released it Q3 FY2024 results with the group reporting a profit after tax of RM123million as compared to RM197 million reported for...

Gamuda Awarded RM928 Million Mechanical Work For Data Centre In Elmina

Gamuda Berhad has been awarded by Sime Darby Property for the MEP Fit Out Work for a Hyperscale Data Centre in Elmina Business Park...

MSC’s Net Profit Surges 93% QoQ To RM18.2 Million

Malaysia Smelting Corporation Berhad today announced the financial results for its first quarter with net profit attributable to owners of the company surging 93.6%...

Prolintas Trust First Quarter Earnings Exceed Forecast

Prolintas Infra Business Trust achieved 99% of the forecasted revenue for its first quarter ended 31 March 2024, recording a total revenue of RM76.5...

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...

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Trade

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%...

Foreign Appetite For Local Bonds Dulled By Fading Rate...

Foreign investors remained net buyers of Malaysian bonds for the second consecutive month in...

CPO Prices To Range Between RM3700-RM3950 Due To Seasonal...

Malaysian palm oil stocks increased for the first time in six months by 1.85%...

Malaysia’s Trade In April Jumps 12% To RM221.74 Billion,...

Malaysia’s trade continued its strong performance and maintained an upward trajectory in April 2024,...

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