Stock Market & Investment News

KUALA LUMPUR: The FBM KLCI maintained its early lead although the rebound stalled just below the 1,500 psychological level, reflecting ongoing market caution. Read full story

KUALA LUMPUR: The ringgit opened unchanged against the US dollar, as the market jittered in anticipation of the outcome on the Federal Open Market Committee (FOMC) meeting slated for Dec 14 and 15, an analyst said. Read full story

CHINESE artificial intelligence start-up SenseTime Group postponed its $767 million Hong Kong initial public offering (IPO) on Monday after being placed on a U.S. investment blacklist. Read full story

KUALA LUMPUR: Pertama Digital Bhd has inked a memorandum of understanding with CGS-CIMB Securities Sdn Bhd to develop and provide market digital financial services. Read full story

SHANGHAI:  Avoiding excess yuan appreciation should be one of China’s priorities in managing market expectations and regulations, a former senior official at the country’s foreign exchange regulator has said. Read full story

TOKYO: Oil prices extended their rally on Monday as investor appetite improved amid growing relief the Omicron coronavirus variant may not cause severe illness and will likely have a limited impact on global fuel demand. Read full story

KUALA LUMPUR: Straits Energy Resources Bhd’s 70%-owned subsidiary Tumpuan Megah Development Sdn Bhd has signed a call-off contract with Petrovietnam Technical Services Corporation for the supply of diesel for PM3-CAA field. Read full story

KUALA LUMPUR: The Real Estate and Housing Developers’ Association Malaysia (REHDA) and six other industry players have urged the government for continuous monitoring and enforcement to weed out profiteering and anti-competition activities in the building materials supply chain. Read full story

KUALA LUMPUR:  Bursa Malaysia ended higher today, taking a cue from the better performance on Wall Street last Friday and strong commodity prices amid receding concerns over the Omicron variant’s impact on global economic growth, dealers said. Read full story

KUALA LUMPUR: Evergreen Fibreboard Bhd has announced a fire incident involving a wood storage bin of its subsidiary Evergreen Fibreboard (JB) Sdn Bhd in Segamat, Johor. Read full story