Malaysia share prices opened lower on Tuesday

• Malaysia share prices opened lower on Tuesday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index down 1.2 points to 1858.38.
• The ringgit opened higher against the US dollar, following weaker US economic data
• Foreign investors bought RM163.3 million worth of equities listed in the open market on Bursa Malaysia on a net basis last week, but it was the lowest in the six weeks
• Tenaga Nasional Bhd's (TNB) net profit for the second quarter ended Feb 28, 2015 rose 24% to RM2.16 billion from RM1.73 billion a year ago, contributed mainly by lower generation costs due to lower coal price and lower usage of the more expensive liquefied natural gas fuel.
• Higher operating cost saw Maxis Bhd's net profit drop 15.29% to RM410 million for the first quarter ended March 31,2015 versus RM484 million in the previous corresponding period.
• DiGi.com Bhd's net profit slipped 1.22% to RM479.22 million for the first quarter ended March 31, 2015 from RM485.16 million a year ago due to the absence of prior year tax benefits and higher underlying depreciation.
• Carimin Petroleum Bhd has entered into collaboration agreements (COA) with Makamin Offshore Saudi Ltd Company (MOS) and Petro Allied International DMCEST (PAI), to pave the way for exploring business opportunities in Saudi Arabia, the Middle East, South East Asia and Australia.
• ndependent adviser Mercury Securities Sdn Bhd deems the conditional takeover offer by Berjaya Corp Bhd (BCorp) to acquire Redtone International Bhd shares at 80 sen fair and reasonable, and recommends holders to accept the offer
• Foodbased QL Resources Bhd has clarified that its substantial shareholders, and not the company itself, is investing in a substantial stake in property developer Sunsuria Bhd.