Stock Market & Investment News

KUALA LUMPUR: Bursa Malaysia remained wobbly at the midday break with an overwhelming number of counters hovering in negative territory as investors took stock of the mounting headwinds against the equities market. Read full story

HONG KONG: Chinese developer Kaisa Group Holdings Ltd is unlikely to win bondholders’ approval to extend the maturity of a $400 million bond due next week, analysts say, heaping more pressure on other indebted peers. Read full story

KUALA LUMPUR: Bank Negara has announced that the central bank and all banks, including branch operations, in the Federal Territory of Kuala Lumpur will be open and operating as usual on Dec 3. Read full story

KUALA LUMPUR: Pertama Digital Bhd has formed a strategic partnership with Pusat Pungutan Zakat Majlis Agama Islam Wilayah Persekutuan (PPZ-MAIWP) to process cashless zakat payments via MyPay, the former’s app for government services. Read full story

HONG KONG: Asian stocks and major currencies paused for breath on Thursday as markets struggled to find direction in the absence of solid information about the Omicron variant of the new coronavirus, which led to divergent trade in U.S. and European share futures. Read full story

KUALA LUMPUR: The Employees Provident Fund (EPF) will be closing its branches in Kuala Lumpur and Labuan tomorrow (Dec 3). Read full story

SINGAPORE: Grab, Southeast Asia’s biggest ride-hailing and delivery firm, makes its market debut on Thursday after a record $40 billion merger with a special purpose acquisition company (SPAC), in a listing that will set the tone for other regional offerings. Read full story

KUALA LUMPUR: Proton Holdings Bhd sold 100,566 units so far this year, raising expectations the auto company will be able to end the year with positive sales growth Read full story

KUALA LUMPUR: Sunway Malls’ RM500 million expansion exercise is expected to see Sunway Carnival Mall doubling its retail space to one million square feet (sq ft) from the current 500,000 sq ft with a confirmed occupancy of 95 per cent to date. Read full story

KUALA LUMPUR: The FBM KLCI clawed back to above the 1500-point level after yesterday’s sell down, but the broader market remained weak with over 700 counters in the red. Read full story