Stock Market & Investment News

SINGAPORE: Indonesia’s biggest tech firm GoTo Group is testing investors’ appetite with a public offering that is set to raise up to 17.992 trillion rupiah (US$1.3bil or RM5.5bil) this month, marking one of the biggest domestic offerings in the booming sector. Read full story

NEW YORK: Oil prices tumbled more than 6% on Tuesday to their lowest in almost three weeks, as Russia suggested it would allow a revival of the Iran nuclear deal to go forward and as traders worried growing pandemic lockdowns in China could dent demand. Read full story

NEW DELHI: India is rolling out ambitious measures over the coming weeks to try to establish the country a dominant exporter of high-quality wheat as importers scramble for supplies following Russia’s invasion of Ukraine, two government sources said. Read full story

New York: The three main Wall Street stock indexes rallied on Tuesday, a day before an expected interest rate hike by the U.S. Federal Reserve, while oil prices dropped 7% on hopes of an end to the conflict in Ukraine. Read full story

JAKARTA: Indonesia will remove retail price caps for packaged cooking oil and will subsidise bulk sales to try to ensure supply at retail markets after previous price controls resulted in a scarcity, senior officials said on Tuesday. Read full story

KUALA LUMPUR: The domestic market tracked Wall Street’s overnight surge although the benchmark composite index remained flattish as a decline in oil prices capped gains. Read full story

KUALA LUMPUR: Stocks to watch for on Wednesday include HLT Global, Ranhill Utilities, Samaiden, Advancecon and Ayer Holdings, said JF Apex Research. Read full story

KUALA LUMPUR: There is anticipation of an increase of investor participation on the domestic market amid growing speculation that the government may soon call for a General Election. Read full story