Stock Market & Investment News

HONG KONG: Asian shares hit a near two-week top on Wednesday, extending a global relief rally as investors cheered signs the Omicron variant of the coronavirus may be less disruptive to the world economy than first feared. Read full story

KUALA LUMPUR: Scientex Bhd posted an 11.2% higher net profit of RM102.9mil in the first quarter ended Oct 31, 2021, compared to RM92.5mil a year ago. Read full story

KUALA LUMPUR: Carbon taxes imposed by other countries on Asia-Pacific’s exports could dampen the region’s trade activity, particularly in carbon-intensive products, according to Moody’s Investors Service in its latest report. Read full story

KUALA LUMPUR: Top Glove Corp Bhd’s shareholders have greenlit resolutions put forward by its board of directors in support of the proposed dual primary listing on the Hong Kong Stock Exchange (HKEX). Read full story

HONG KONG: Chinese social media giant Weibo Corp’s shares closed 7.2% below their issue price in Hong Kong on Wednesday, as it became the latest U.S.-listed China stock to seek out a secondary listing closer to home. Read full story

HONG KONG: China Evergrande Group’s shares hit a record low on Wednesday after a missed debt payment deadline put the developer at risk of becoming the country’s biggest defaulter, even as hopes of a managed debt restructuring calmed fears of a messy collapse. Read full story

KUALA LUMPUR: Nestle (Malaysia) Bhd will be full transitioning to renewable electricity across all its operations on Jan 1, 2022, beating its earlier target to have 100% of its electricity coming from renewable energy sources by 2025. Read full story

KUALA LUMPUR: TAFI Industries Bhd’s wholly owned unit TAFI Home & Office Sdn Bhd has secured a RM30mil contract from Buana Tunggal Sdn Bhd for construction works at a mixed commercial development at Permas City in Johor Bahru. Read full story