Stock Market & Investment News

KUALA LUMPUR: The economic indicators for the first three months of 2022 stipulate Malaysia’s positive economic outlook in the near future with high mobility foreseen following the opening of international borders, the Department of Statistics Malaysia (DOSM) said. Read full story

KUALA LUMPUR: RHB Bank Bhd’s shareholders approved a final dividend of 25 sen per share, consisting of a cash payout of 15 sen per share and an electable portion under the dividend reinvestment plan of 10 sen per share. Read full story

KUALA LUMPUR: Pos Malaysia Bhd aims to focus on cultural transformation throughout this year with a complete refresh on the value, purpose, guidance principal and customer promise, said its group chief executive officer Charles Brewer.  Read full story

SINGAPORE: Oil prices extended gains on Wednesday amid simmering geopolitical tensions as Russia cut gas supplies to Bulgaria and Poland, while hopes of Chinese economic stimulus buoyed the demand outlook. Read full story

KUALA LUMPUR: The FBM KLCI closed lower today as investors stayed cautious following the steep slide on Wall Street overnight. Read full story

KUALA LUMPUR: Petronas Gas Bhd (PGB) is allocating a slightly higher capital expenditure (capex) of RM1.4 billion for the financial year ending Dec 31, 2022 (FY22) compared to RM1.2 billion in FY21.   Read full story

KUALA LUMPUR: Bursa Malaysia Bhd and its subsidiaries will be closed on May 2, in conjunction with the Labour Day replacement holiday. Read full story

KUALA LUMPUR: Gadang Holdings Bhd’s net profit rose more than three-fold year-on-year to RM5.45 for the third quarter ended Feb 28 (3Q22) from RM1.52mil previously, due to better profit margin for ongoing projects. Read full story

KUALA LUMPUR: Samchem Holdings Bhd’s net profit rose to RM19.59mil in the first quarter ended March 31, 2022 (1Q22) from RM18.95mil in the previous corresponding period. Read full story