Stock Market & Investment News

KUALA LUMPUR: The ringgit opened lower against the greenback this morning due to falling crude oil prices amid US President Joe Biden’s administration’s decision on a record-breaking release of crude oil reserves to tame prices, said an analyst. Read full story

KUALA LUMPUR: Trading of Axiata Group Bhd’s and Digi.com Bhd’s shares has been suspended, pending an expected material announcement. Read full story

KUALA LUMPUR: Licensed pawnbroker Pappajack Bhd opened for trade today at 39 sen a share, a nine sen or 30% premium over its issue price of 30 sen a share. Read full story

BEIJING: China’s factory activity slumped at the fastest pace in two years in March due to a local COVID-19 resurgence and economic fallout from the Ukraine war, a survey showed on Friday, strengthening the case of more policy support for the economy. Read full story

KUALA LUMPUR: After a negative start, the FBM KLCI bounced higher to enter the lunch break 6.36 points higher at 1,593.72. Read full story

JAKARTA: Malaysia and Indonesia agreed that global prices of palm oil should be determined by the two biggest producers and they should not compete, Prime Minister Ismail Sabri Yaakob said after meeting Indonesia’s President Joko Widodo on Friday. Read full story

KUALA LUMPUR: Malaysian manufacturers have expressed optimism about the outlook for output in the coming year, although the overall degree of sentiment waned to the softest since last October. Read full story

KUALA LUMPUR: MY EG Services Bhd (MYEG) is set to become one of the leading players in the development of a metaverse ecosystem via its investment in the next generation of technologies.    Read full story

KUALA LUMPUR: The Employees Provident Fund (EPF) has released its annual qualifying list of fund management institutions (FMIs) and unit trust funds under the EPF Members Investment Scheme (EPF MIS) effective today. Read full story