Malaysia funds debts make defending ringgit tougher

[KLSE] Malaysia's task in propping up Asia's worst- performing currency just got a lot tougher. The cost of options protecting against further ringgit declines approached a 1 1/2-year high on speculation 1Malaysia Development, the state investment fund, will need a bailout. The currency is already languishing at its weakest level since 2009 as the oil-exporting nation suffers amid sliding crude prices. "The market remains wary of...

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Malaysian Shares open lower on Thursday

MALAYSIA[KLSE] share prices opened lower on Thursday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index down 1.90 points to 1813.88. Volume was 47.12 million lots worth RM27.7 million. Gainers outnumbered losers 106 to 67...

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Malaysia New Highlights for Tuesday

Malaysia share prices opened higher on Tuesday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index up 3.5 points to 1812.01. The ringgit opened higher against the US dollar today on short covering ahead of the congressional testimony by Federal Reserve Chairman. Perak Corp Bhd (PCB), a 15.74% stakeholder in Integrax Bhd, has asked Tenaga Nasional Bhd (TNB) to up its offer for Integrax to RM3.25, after rejecting its current offer of RM2.75 a share. ...

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Malaysia KLSE Highlights for Monday

Bursa Malaysia opened on a positive note in welcoming the year of the goat in the Chinese calendar bolstered by buying interest in certain blue chips. The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 0.03 of-a-point better at 1,807.90 at mid-morning, supported by the petrochemical counter and selected blue chips. After opening higher at 1,811.01, the key index fluctuated between 1,804.95 and 1,811.29. The introduction of the 6% Goods and Services Tax (GST) in April will be the biggest agenda for the property market this year...

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Malaysia's Danajamin to guarantee bond, sukuk market

[KLSE] Malaysia's Danajamin Nasional Bhd, the country's sole specialised credit guarantor, plans to introduce partial guarantees to encourage a wider range of issuers in the country's conventional and Islamic bond markets, its top official said. Malaysia is home to Asia's third largest bond market and has the world's biggest market for sukuk, but deals are dominated by highly rated issuers. Close to 90 per cent of all bonds and sukuk are rated AA or AAA. Set up in 2009 to help develop the domestic debt market, Danajamin has...

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Ringgit resumes losses as concern mounts on 1MDB debt obligations

[KLSE] The ringgit resumed losses as markets reopened after the holidays on concern that Malaysia's state investment company will need government aid to repay debt. 1Malaysia Development Bhd may require a 3 billion ringgit (S$1.1 billion) cash injection as income from its power assets is insufficient to service borrowings, according to a report in Edge newspaper Monday which cited unidentified people. 1MDB will seek refinancing "from the best available sources," the company said in a statement Monday in response to the report. "Sentiment...

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Malaysian Shares open higher on Monday

MALAYSIA[KLSE] share prices opened higher on Monday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index up 3.14 points to 1,811.01. Volume was 80.45 million lots worth RM13.66 million. Gainers outnumbered losers 107 to 57...

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Europe Stocks advance at open

Europe's main stock markets opened higher on Wednesday on hopes of an end to Greece's debt stand-off, dealers said. London's benchmark FTSE 100 index rose 0.23 per cent to 6,914.31 points, Frankfurt's DAX 30 gained 0.33 per cent to 10,931.72 points and the CAC 40 index in Paris was up 0.60 per cent to 4,782.59 compared with Tuesday's close. "European equities are trading higher this morning as renewed optimism is making the rounds that Greece and the EU will agree to a compromise after all," said ETX Capital analyst Markus Huber. Greece...

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Malaysia Market remains Closed today

[KLSE]  Due to Chinese new year malaysian market remains closed tod...

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Malaysia Jan inflation cools more than expected to 1.0% year-on-year, lowest since 2009

[KLSE] Malaysia's consumer price index in January rose 1.0 per cent from a year earlier, its smallest increase since November 2009, reflecting the drop in global oil prices. Data from the Statistics Department on Wednesday attributed the inflation rate fall to the transport category that stemmed from lower fuel prices.     Economists had forecast in a Reuters poll that the annual inflation rate would ease to 1.9...

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Malaysian Shares close lower on Wednesday

MALAYSIA[KLSE] share prices closed lower on Wednesday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index down 2.22 points to 1,807.87. Volume was 897 million lots worth RM887.4 million. Gainers outnumbered losers 381 to 276...

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Malaysian Shares open flat on Tuesday

MALAYSIA[KLSE] share prices opened flat on Tuesday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index up 0.04 points to 1808.41. Volume was 30.9 million lots worth RM10.16 million...

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Noble slips further in early trading on Tuesday

SHARES in Noble Group continued to fall in early trading on Tuesday after newcomer short-selling firm Iceberg Research hit out at Noble's classification of some firms as associates. The counter slipped to a low of S$1.05 on Tuesday morning after closing at S$1.11 on Monday. At around 9.15am, it was the second most heavily traded stock by volume with some 9.18 million shares changing hands. In a report dated Feb 15, Iceberg...

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Malaysian Shares open higher on Monday

MALAYSIA[KLSE] share prices opened higher on Monday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index up 2.48 points to 1,803.43. Volume was 76.59 million lots worth RM58.96 million. Gainers outnumbered losers 146 to 31...

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Hot stock: Noble shares fall 9 per cent in trading

NOBLE Group's shares fell 11 Singapore cents or 9 per cent to S$1.095 as at 12.05pm on Monday, being the top volume-traded counter. Singapore Exchange (SGX) issued a query regarding its trading activity. This is the second such query issued by SGX to the company in the past five months. Iceberg Research issued a short-sell report on Noble, citing a price target of S$0.1. In its summary of findings, it listed several allegations, including that Noble exploits the accounting treatment of its associates to avoid large impairments and...

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Malaysian Stocks ended on 11.88 points higher

MALAYSIAN[KLSE] shares closed higher on Friday with the Kuala Lumpur Composite Index gaining 11.88 points to 1,800.95. Some 1.96 billion lots, valued at RM2.32 billion were traded. Gainers outnumbered losers 493 to 303...

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Malaysian[KLSE] Stock HighLights for Friday

Malaysia share prices opened higher on Friday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index up 1.95 points to 1791.68. CIMB Equities Research forecasts Petronas Dagangan’s first quarter 2015 performance to improve due to the rebound in the oil prices and the implementation of managed float system for RON 95 petrol and diesel since Dec 1, 2014. Minister of International Trade...

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Malaysian Shares open higher on Friday

MALAYSIA[KLSE] share prices opened higher on Friday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index up 1.95 points to 1791.68. Volume was 30.63 million lots worth RM16.43 million. Gainers outnumbered losers 117 to 46. ...

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Malaysian[KLSE] Stock HighLights for Thrusday

Malaysia share prices opened lower on Thursday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index down 8.26 points to 1790.69. Dufu Technology Corp Bhd, which last month denied claims that it was a takeover target, has received a letter alleging that certain senior management had misappropriated funds totalling RM3.9 million. Tanjung Offshore Bhd has lodged a police report against two directors who have been suspended from their executive positions following the...

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Ringgit extends declines as Greece concern damps risk appetite

[KLSE] Malaysia's ringgit fell to a one-week low after European lawmakers failed to agree on a bailout plan for Greece, damping risk appetite on lingering concern the nation will default and exit the euro. The ringgit dropped for a fourth day and bonds declined before reports on Malaysia's economic growth and the current account for the last quarter, which may reflect the slump in oil. Gross domestic product for all of 2014 rose 5.9...

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Malaysia's GDP growth picks up to 5.8% year on year in Q4

[KLSE] Malaysia's central bank issued the country's fourth quarter gross domestic product data on Thursday, showing the Southeast Asian economy grew 5.8 per cent from a year earlier...

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Malaysian Shares open lower on Thursday

MALAYSIA[KLSE] share prices opened lower on Thursday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index down 8.26 points to 1790.69. Volume was 21.34 million lots worth RM28.66 million. Losers outnumbered gainers 78 to 68. ...

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Malaysian[KLSE] Stock HighLights for Wednesday

Malaysia share prices opened higher on Tuesday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index 0.14 lower at 1,810.98. The international reserves of Bank Negara Malaysia amounted to RM386.5 billion (US$110.6 billion) as at Jan 30, 2015, down from RM388.6 billion (US$111.2 billion) as at Jan 15, 2015. The reserves position is sufficient to finance 7.9 months of retained imports and...

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Six-month drop low Malaysian palm oil stocks

KLSE: Malaysian palm oil end-stocks shrunk to their lowest in six months as the aftermath of flooding in the Borneo region reduced production to its weakest since February 2011, data from the industry regulator show. The drop in stocks could add fuel to a rally in benchmark prices, which last week recorded their biggest weekly climb in six years, after the world’s No. 1 producer Indonesia approved a near-threefold rise in...

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FTSE Bursa Malaysia

KLSE: At 11.30 a.m. today, there were 305 gainers, 316 losers and 282 counters traded unchanged on the Bursa Malaysia. The FBM-KLCI was at 1,810.16 down 0.96 of a point, the FBMACE was at 6,476.53 down 25.38 points, and the FBMEmas was at 12,469.60 up 0.22 of a point. Turnover was at 974.017 million shares valued at RM661.912 million ...

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Malaysian[KLSE] Stock HighLights for Tuesday

Malaysia share prices opened higher on Tuesday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index up 1.24 points to 1812.74. Sime Darby Bhd has shortened the offer period for the remaining shares in London-listed New Britain Palm Oil Ltd (NBPOL) to February 23, 2015 following the approval by the European Commission end-January. The Employees Provident Fund (EPF), which announced...

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Malaysia[KLSE] Stocks end 0.46 points lower

Malaysian[KLSE] shares closed lower on Tuesday with the Kuala Lumpur Composite Index slipping 0.46 points to 1,811.12. Some 2.47 billion lots, valued at RM2.29 billion were traded. Losers outnumbered gainers 434 to 373.   ...

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Oil declines after three-day gain, Ringgit drops most in Asia

[KLSE] Malaysia's ringgit fell the most among Asian currencies as oil resumed a decline following a three-day gain. The ringgit is Southeast Asia's worst-performing currency in the past six months as the drop in Brent crude cuts earnings for the region's only major oil exporter. The currency briefly trimmed losses after a report showed Malaysia's factory output beat economists' estimates in December. The nation's Federal Court is due to announce sentencing Tuesday in the case of opposition leader Anwar Ibrahim's appeal against a sodomy...

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Malaysia's IOI wants control of Taipei 101

TAIPEI, Taiwan - Contrary to its past claim, Malaysia-based developer IOI Properties does intend to acquire control of the Taipei 101 skyscraper, the Ministry of Finance (MOF) said yesterday. Last December, IOI Properties released a statement that it would not compete for the right of management over Taipei 101, Deputy Finance Minister Wu Tang-chieh said. "(Now) there is obviously some discrepancy," he said. "Based on the information we've been sent from the Investment Commission, we can see that their operational plan clearly indicates...

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Slow mortgages in Malaysia's new tax

[KLSE] Growth in Malaysia's Islamic home loans is forecast by banks to slow from the weakest pace since 2007 as a new tax damps housing demand. AmInvestment Bank and CIMB Islamic Bank forecast the mortgage market will cool, just as tighter capital rules make lenders more cautious on expansion. The government will introduce a 6 per cent goods and services tax in April, adding to disincentives after regulators cut the maximum tenor on residential property loans to 35 years from 45 in July 2013. The volume of property transactions...

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Malaysia(KLSE) Shares open higher on Tuesday

MALAYSIA(KLSE) share prices opened higher on Tuesday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index up 1.24 points to 1812.74. Volume was 47.87 million lots worth RM21.24 million. Gainers outnumbered losers 98 to 64...

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