Stock Market & Investment News

KUALA LUMPUR: Kenanga Research said LPI Capital Bhd could face headwinds as the insurance claims ratio is expected to rise to pre-pandemic levels amid increasing activity during the country’s endemic phase. Read full story

KUALA LUMPUR: The FBM KLCI maintained a downward trajectory over the morning session as profit-taking continued following a sell-off on Wall Street overnight. Read full story

KUALA LUMPUR: The Principles of Good Governance for Government-Linked Investment Companies (PGG) launched today will be the sole reference for the governance baseline and sustainability practices of all government-linked investment companies (GLICs). Read full story

KUALA LUMPUR: AmInvestment Bank Bhd was recognised by industry journal Islamic Finance News (IFN) for its participation as joint lead manager of the issuance of the RM500mil Asean sustainability sukuk led by SME Bank. Read full story

KUALA LUMPUR: HSS Engineers Bhd’s associate HSS Integrated Sdn Bhd has accepted a contract from Mass Rapid Transit Corp Bhd to provide peer review consultancy services. Read full story

LONDON: Russia may be in default after it tried to service its dollar bonds in roubles due to Western sanctions over the war in Ukraine, Moody’s said, Moscow’s first major default on foreign bonds since the years following the 1917 Bolshevik revolution. Read full story

KUALA LUMPUR: Malaysia’s natural rubber (NR) production decreased by 39 per cent month-on-month (m-o-m) to 29,920 tonnes in February 2022 against 49,087 tonnes in January 2022, said the Department of Statistics Malaysia (DoSM). Read full story

TOKYO: The Bank of Japan is likely to raise its inflation forecast for the current fiscal year to near 2% at this month’s policy meeting as global commodity inflation drives up energy and food costs, said three sources familiar with its thinking. Read full story

KUALA LUMPUR: Sime Darby Plantation Bhd shares fell 5.47 per cent amid news  Italian confectionary giant Ferrero was withdrawing from sourcing its palm oil. Read full story

KUALA LUMPUR: Bursa Malaysia Bhd and its subsidiaries will be closed on April 19, 2022, in conjunction with Nuzul Al-Quran. Read full story