KLSE News Highlights for Wednesday

• Share prices on Bursa Malaysia rose in early trading after the long weekend break, tracking gains on Wall Street as crude oil prices strengthened. Continued their uptrend at mid-morning today, driven by gains in consumer-linked stocks. The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was at 1,805.95 points, up 24.69 points.
  
  
• The ringgit opened higher against the US dollar and other major currencies today on renewed demand for the domestic currency.
  
  
  
• Malaysia’s ringgit gained the most since September 2013 and the benchmark stock index headed for the highest close in two months as a rally in the price of oil eased concern the nation’s finances will deteriorate.
  
  
• With  the  recent  acquisition  in  London, E&O has plans to set up a base in the  UK. E&O launched its first exclusive regional condominium project – the 18 East at Andaman, which is being developed at Seri Tanjung Pinang (STP) on Penang island. It signed an exclusive partnership with Taiwan’s leading marketing agency – Taiwan Realty Property group - to start the regional launch for the property project in Taiwan. 
  
  
• E&O shares went ex for the 1-for-5 free warrants. This increased the share capital by 10% to 1.48bn shares. The bonus and free warrants explain E&O's share price rebound in recent weeks as investors view such exercises positively. E&O has yet to embark on the issuance of RM500m private debt securities and will likely finalise it in 1Q15.