Forex

Ringgit closes higher against greenback on cautious market sentiment

KUALA LUMPUR: The ringgit closed higher against the US dollar on Friday, supported by cautious market sentiment amid ongoing negotiations between the US and Iran regarding the nuclear programme, said an economist.

Corporate News

T7 Global subsidiary appointed panel contractor for PETRONAS

KUALA LUMPUR: T7 Global Bhd's subsidiary, T7 Intelligent Resources Sdn Bhd, has been appointed a PETRONAS panel contractor for third-party professional and support services for the PETRONAS group of companies.

Corporate News

YTL inks RM200mil naming rights deal with Aviva for Bristol arena

PETALING JAYA: YTL Developments (UK), a unit of YTL Corp Bhd, has inked a RM200mil deal for naming rights of its 20,000 capacity new arena in Bristol with UK insurer Aviva.

Corporate News

KL High Court dismisses appeals of former Jalatama officers

PETALING JAYA: The Kuala Lumpur High Court has dismissed the appeals by Su Eng Kooi and Yap Choong Seong (Appellants) of Jalatama Management Sdn Bhd against their respective conviction and sentence by the Sessions Court in 2022 for the offence of trading in futures contracts and dealing in derivatives without a Capital Markets Services license.

Corporate News

Well Chip posts FY25 net profit jump to RM86.15mil

KUALA LUMPUR: Well Chip Group Bhd recorded a 61.33% jump in net profit to RM24.26mil in the fourth quarter of its financial year (4QFY25) on the back of higher revenue, mainly from its pawnbroking services business.

Corporate News

Angkasa targets 2026 revenue to reach up to RM75bil

KUALA LUMPUR: Angkatan Koperasi Kebangsaan Malaysia Bhd (ANGKASA) is targeting the cooperative movement's revenue to continue rising and potentially reach between RM73 billion and RM75 billion in 2026, driven by growing public confidence in the sector.

Corporate News

Aeon Credit issues RM100mil five-year senior sukuk

PETALING JAYA: Aeon Credit Service (M) Bhd has raised RM100mil from a senior sukuk issuance with a tenure of five years.

Markets

Late bargain-hunting lifts Bursa Malaysia to end higher

KUALA LUMPUR: Late bargain hunting in selected heavyweights, mainly financial counters, has lifted Bursa Malaysia to end marginally higher on Friday.

Corporate News

Wawasan Dengkil's 2Q net profit falls due to revision of project costs

PETALING JAYA: Wawasan Dengkil Holdings Bhd's net profit for its second quarter ended Dec 31, 2025 (2Q26) plunged to RM701,000 from RM3.35mil in the corresponding quarter a year ago, due to the revision of budgeted cost for the Sungai Long project and UMW Package 14 project.

Markets

Net foreign inflows into Malaysian bonds reach RM951.9mil in January - RAM Ratings

KUALA LUMPUR: Foreign investor participation in the Malaysian bond market continued to grow for the fourth straight month in January 2026, with net foreign inflows reaching RM951.9 million, said RAM Rating Services Bhd (RAM Ratings).

Markets

Hong Kong shares fall after Lunar New Year break, tech drops

HONG KONG: Hong Kong shares fell on Friday as the local market reopened after the three-day Lunar New Year break, with technology stocks leading the slide, though oil shares provided some support as concerns of conflict between the U.S. and Iran sent crude prices higher.

Commodities

Oil heads for first weekly gain in three as US-Iran tensions brew

OIL prices rose on Friday, headed for their first weekly gain in three, on growing concerns a conflict may erupt between the U.S. and Iran, after Washington said Tehran will suffer if it does not agree a deal on its nuclear activity in a matter of days.

Markets

Bursa Malaysia lower at midday amid hawkish US Fed cues

KUALA LUMPUR: Bursa Malaysia was lower at midday today as hawkish United States Federal Reserve (US Fed) cues and ongoing Middle East tensions weigh on market sentiment.

Corporate News

I-Bhd delivers higher FY25 earnings of RM55.74mil

KUALA LUMPUR: I-Berhad delivered a strong fourth quarter on the back of a pickup in property development billings to wrap up a solid financial year.

Economy

Malaysia's Jan exports jump 19.6% as E&E demand grows

KUALA LUMPUR: Malaysia's exports in January 2026 jumped 19.6% year-on-year (y-o-y) to RM146.87bil with double-digit growth registered across nearly all its major markets, data released by the Malaysia External Trade Development Corporation (Matrade) showed.

Stock on the Move

Nestle Malaysia rises on ice cream business sale talk

KUALA LUMPUR: Nestle (Malaysia) Bhd emerged as the top gainer in early trade on Friday following plans to explore the potential sale of its ice cream business to Froneri, a global ice cream firm active in more than 20 countries.

Markets

Stocks dip and oil climbs as Trump ramps up Iran threats

SINGAPORE: Stocks fell in Asia on Friday, the dollar headed for its largest weekly gain in four months and oil prices were rising as a U.S. military build up in the Middle East and a rout in private equity stocks sent ripples of nerves across markets.

Forex

Ringgit opens higher vs US$ amid geopolitical tensions

KUALA LUMPUR: The ringgit opened higher against the US dollar on Friday as traders turned cautious amid escalating geopolitical tensions, an analyst said.

Markets

FBM KLCI lifts slightly amid higher crude oil prices

KUALA LUMPUR: The FBM KLCI edged higher on Friday as crude oil priced climbed amid rising geopolitical tensions in the middle east.

Corporate News

Trading ideas: Nestle, MISC, IHH, Atlan, FBG, Bina Puri, Jentayu, Cape EMS

KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.