(Kuala Lumpur, 12th) The Malaysian stock market closed down for 5 consecutive trading days. The FTSE Composite Index fell 35.32 points or 2.32% today to close at 1484.83 points, setting the largest single-day drop this year. Based on the total market value of the Malaysian stock market today of RM1.818 trillion, compared with yesterday’s RM1.846…
(Hangzhou, 24th) China Securities Times According to the news announced today by Alibaba Group CEO Wu Yongming, Alibaba will invest more than 380 billion yuan (RM231.1 billion) in the construction of cloud and AI hardware infrastructure in the next three years, exceeding the total of the past decade. This also set a record for the…
(Kuala Lumpur, 10th) Colform (0341, ACE Market) made its debut on the Malaysian stock market today, closing at 38.5 sen halfway through the day, a premium of 2.5 sen or 6.94% over the initial public offering price of 36 sen, with a trading volume of 105.85 million shares, making it the third most popular stock….
(Kuala Lumpur, July 7) The Statistics Department announced that the Industrial Production Index (IPI) grew 4.6% year-on-year in December last year, driven by expansion in all industries. Datuk Mohd Uzir, chief statistician of the Statistics Department, said that the manufacturing industry (accounting for 68.3% of the index) expanded 5.8% year-on-year, performing better than the 4.6%…
Northern TK Venture (NTK), a subsidiary of IHH Healthcare Group (IHH, 5225, Main Board Healthcare), is seeking up to 109.3 billion Indian rupees (RM5.5 billion) from Japanese pharmaceutical company Daiichi Sankyo, accusing the company of causing losses when it blocked its acquisition of Fortis Healthcare in 2018. IHH Healthcare Group said in a statement that…
Overnight, the three major US stock indexes rose and fell. The Malaysian stock market fell this morning, ending the previous three consecutive days of opening higher. As of 9:10, the KLCI fell 0.97 points or 0.06% to 1584.20 points. The KLCI opened at 1583.62 points this morning, 1.55 points lower than yesterday’s closing of 1585.17…
Foreign investors have not stopped selling Malaysian stocks this year. The amount of capital withdrawal from early January to date (as of February 3) has almost caught up with that in 2024. According to statistics from Bursa Malaysia, as of February 3, foreign investors have sold a total of RM3.287 billion worth of Malaysian stocks,…
Bitcoin fell below $92,000 on the morning of the 3rd, reaching a low of $91,201, and affected the decline of other non-mainstream cryptocurrencies such as Ethereum, causing more than 740,000 people to be liquidated in the past 24 hours, with a liquidation amount of $2.26 billion, including $610 million in Ethereum and $410 million in…
On February 1, US President Trump issued an executive order to impose a 25% tariff on imports from Canada and Mexico, and a 10% tariff on Chinese imports, which will take effect on February 4. Canada, Mexico and China have indicated that they will take countermeasures. The trade war is imminent and has caused global…
With US President Trump imposing a 10% tariff on Chinese gloves, Malaysian glove manufacturers are expected to benefit from it. Boosted by this news, the “four kings” of glove stocks rose today. Top Glove (TOPGLOV, 7113, Main Board Healthcare Stock), Supermax (SUPERMX, 7106, Main Board Healthcare Stock), Hartalega (HARTA, 5168, Main Board Healthcare Stock) and…
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