Stock Market & Investment News

KUALA LUMPUR: Shares in Lingkaran Trans Kota Holdings Bhd (Litrak) surged 53 sen or 13.15% to RM4.58 apiece at market open today on news it had received an offer from Amanat Lebuhraya Rakyat Bhd (ALR) for its stakes in SPRINT and LItrak. Read full story

KUALA LUMPUR: The ringgit opened slightly higher against the US dollar today on renewed buying interest of the local currency, said a dealer.  Read full story

KUALA LUMPUR: Perodua registered sales of 61,624 vehicles in the first quarter of the year, a 6.4% jump from 57,909 vehicles in the same period in 2021. Read full story

KUALA LUMPUR: Malaysia’s economy is expected grow 5.5 per cent this year, driven by recovery in domestic demand, expansion in exports, and reopening of borders, according to a World Bank report. Read full story

KUALA LUMPUR: Reservoir Link Energy Bhd’s unit has received a contract from ExxonMobil Exploration and Production Malaysia Inc for the provision of annulus wash and cement placement equipment and services.  Read full story

KUALA LUMPUR: The FBM KLCI was slightly lower at midday as investors took profit on the recent rally in Malaysian blue-chips. Read full story

KUALA LUMPUR: A fire that broke out at Westports Holdings Bhd’s container yard yesterday was brought under control at about 3am today. Read full story

SYDNEY: Australia’s central bank on Tuesday opened the door to the first interest rate increase in more than a decade as it dropped a previous pledge to be “patient” on policy, a major surprise that sent the local dollar to nine-month highs. Read full story

SINGAPORE: Oil futures rose on Tuesday as the United States and Europe planned new sanctions to punish Moscow over alleged war crimes by Russian troops in Ukraine, raising concerns of tighter global supply, while Iran nuclear talks stalled. Read full story

KUALA LUMPUR: Malaysia’s export and import unit value indices recorded positive growth in February 2022, at 2.1 per cent and 1.3 per cent, respectively, according to the Department of Statistics Malaysia (DoSM) External Trade Indices report for February 2022. Read full story