Monday News Highlights of KLSE( Malaysian Stock)

• Malaysia(KLSE) share prices opened higher on Monday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index up 4.27 points to 1815.62.

• Malaysia's central bank has unveiled new rules governing the way local banks should account for certain deposits and other items on their balance sheets, in a move that may ease the recent squeeze in the ringgit money market.

• CIMB Group Holdings Bhd, Malaysia's second-biggest lender by assets, said that it is closing its investment banking operations in Australia following a review of its entire business.

• VS Industry Bhd's 54.13%-owned Hong Kong-listed subsidiary VS International Group Ltd has proposed to acquire a 20% stake in Cadre Project Development Company Ltd for RMB44 million (RM25.41 million), paving the way for VS to venture into the solar energy segment.

• MISC Bhd's net profit fell 11.44% to RM959.03 million for the fourth quarter ended December 31, 2014. However, revenue for the fourth quarter rose 6.76% from RM2.14 billion to RM2.29 billion, supported by improved freight rates in petroleum business and commencement of finance lease of floating production, storage and offloading (FPSO) Cendor.
• Malaysia(KLSE) share prices opened higher on Monday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index up 4.27 points to 1815.62.

• Malaysia's central bank has unveiled new rules governing the way local banks should account for certain deposits and other items on their balance sheets, in a move that may ease the recent squeeze in the ringgit money market.