Stock Market & Investment News

KUALA LUMPUR: HSBC expects the ringgit to stabilise against the US dollar in the second half of 2022 (2H 2022), strengthening to 4.28 by the end of the year. Read full story

KUALA LUMPUR: Reservoir Link Energy Bhd’s subsidiary RL Sunseap Energy Sdn Bhd has secured two contracts for the development of solar rooftops. Read full story

KUALA LUMPUR: Boustead Plantations Bhd (BPB) has sealed a RM45 million green financing agreement with China Construction Bank (M) Bhd (CCBM) to facilitate its sustainable replanting exercise as part of its commitment towards environmental, social and governance (ESG) efforts. Read full story

KUALA LUMPUR: UEM Sunrise Bhd has inked a memorandum of understanding with nine local companies to collaborate under its vendors partnership programme. Read full story

SINGAPORE: Oil prices edged higher on Tuesday on an expected demand recovery in China as the world’s second-biggest economy relaxes tough COVID-19 curbs, and on doubts that a higher output target by OPEC+ producers would ease tight supply. Read full story

KUALA LUMPUR: RAM Rating Services Bhd (RAM Ratings) expects the overnight policy rate (OPR) to normalise gradually to end the year at 2.25 per cent in line with the pace of economic recovery, as secondary inflation risks remain limited at present.  Read full story

KUALA LUMPUR: Bursa Malaysia ended at the day’s low today, extending its losses for the fourth consecutive day amid persistent selling pressure in selected heavyweights as weak sentiment prevailed in the region, dealers said. Read full story

KUALA LUMPUR: IHH Healthcare Bhd has proposed the disposal of IMU Health Sdn Bhd and a hospital for an initial total cash consideration of RM1.35bil. Read full story

KUALA LUMPUR: CapitaLand Malaysia Trust (CLMT) has entered into a sale and purchase agreement to acquire two plots of contiguous freehold land and industrial properties erected therein in Sungai Jawi, Penang for RM80 million.  Read full story