Stock Market & Investment News

KUALA LUMPUR: Stranded steel wires for prestressing concrete originating or exported from China is being imported into Malaysia at a price lower than the selling price in China, causing material injury to domestic players producing the same product. Read full story

KUALA LUMPUR: Malaysian Rating Corp Bhd (MARC) has affirmed its ratings of MARC-1IS /AA-IS on UEM Edgenta Bhd’s Islamic Commercial Papers (ICP) and Islamic medium-term notes (IMTN) under the sukuk Murabahah programme of up to RM1bil. Read full story

HONG KONG: Most Asian share markets edged higher on Friday and the safe-haven dollar was on the back foot, on signs the Omicron variant would not significantly derail global economic growth. Read full story

TOKYO: Brent crude futures snapped a three-day rally on Friday in light trade, with many investors away for the holidays, but the benchmark was still headed for a weekly gain, with the market focusing on the next step by OPEC+ and the impact of the Omicron variant. Read full story

KUALA LUMPUR: The FBM KLCI climbed modestly in muted trading on Christmas eve. Read full story

HONG KONG: The shareholding of China Evergrande Group’s chairman in its property services unit has fallen to 58.18% from 60.96% after forced selling of pledged shares by a third party, a Hong Kong stock exchange filing showed. Read full story