Stock Market & Investment News

KUALA LUMPUR: Malaysia’s manufacturing purchasing managers index (PMI) expanded to 51.6 in April from49.6 in March, indicating a renewed improvement in the health of the sector. Read full story

HONG KONG: Asian shares tracked Wall Street gains on Thursday after the U.S. central bank raised interest rates by 50 basis points but sounded a less hawkish tone than some had feared, lifting investor sentiment and sending the dollar lower. Read full story

LONDON: Shell reported on Thursday a record first-quarter profit of $9.13 billion, boosted by higher oil and gas prices and a strong performance of its trading division. Read full story

LONDON: OPEC+ will likely stick to modest oil output increases on Thursday arguing it is not responsible for geopolitics and supply disruptions while stressing its worries over the demand outlook due to new COVID lockdowns in China. Read full story

KUALA LUMPUR: The FBM KLCI ended lower on Thursday as investors returning from a long weekend pared their positions amid a significant increase of 50 basis points by the Federal Reserve. Read full story

KUALA LUMPUR: Malayan Cement Bhd (MCB) has received a notice in writing from Messrs. Deloitte PLT to resign as auditors of the company. Read full story

KUALA LUMPUR: Astro Malaysia Holdings Bhd has appointed Tunku Ali Redhauddin Ibni Tuanku Muhriz and Nicola Mary Bamford as independent and non executive directors. Read full story

KUALA LUMPUR: Favelle Favco Bhd has declared a first interim tax exempt dividend of 85.0 sen per ordinary share in respect of the financial year ending Dec 31, 2022. Read full story

KUALA LUMPUR: Serba Dinamik Holdings Bhd is looking into formulating a plan to regularise its financial condition and it is required to submit it within eight months. Read full story