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Bursa Malaysia instructs Sumatec directors to attend training

KUALA LUMPUR: Bursa Malaysia Bhd, the stock exchange operator, has instructed the entire board of directors at Sumatec Resources Bhd to attend a training programme after the company failed to undertake a proper assessment of its financial accounts.

VS Industry in talks to secure new orders

KUALA LUMPUR: VS Industry Bhd is in active discussion with existing and new customers to secure orders as the group expand its local production capacity.

KLCI down 5.7 points, Axiata leads decline

KUALA LUMPUR: The FBM KLCI closed in the red on Tuesday as escalation of U.S.-China trade war kept investors off risky bets.

Amlex to venture into automotive industry after listing

KUALA LUMPUR: Electronic packaging and interconnect solutions provider Amlex Holdings Bhd aims to broaden its electronic packaging and interconnect solutions for the automotive industry after listing on Bursa Malaysia’s LEAP Market.

Axiata leads decline on Bursa Malaysia, oil prices near four-year highs

KUALA LUMPUR: Bursa Malaysia slipped slightly in Tuesday's morning session given the negative sentiment surrounding the escalation of the US-China tariffs war and prospects for global growth.

Bursa tracks global stocks lower as trade tariffs come into effect

KUALA LUMPUR: Bursa Malaysia continued to slip on Tuesday as the new round of trade tariffs went into effect and global stocks slipped in tandem.

Malaysian palm oil price jumps over 1% tracking crude oil gains

KUALA LUMPUR: Malaysian palm oil futures gained more than 1 percent in the second half of trading on Monday, snapping five straight sessions of declines, tracking strength in crude oil and U.S. Chicago Board of Trade (CBOT) soyoil.

The benchmark palm oil contract for December delivery was up 0.9 percent at 2,162 ringgit ($523.87) a tonne on the Bursa Malaysia Derivatives Exchange at the close of trade, its strongest daily gain in two weeks

Yinson earnings down on higher financing costs

PETALING JAYA: Despite higher revenue, Yinson Holdings Bhd’s net profit fell 11.9% to RM73.67mil for the second quarter ended July 31 from RM83.60mil in the corresponding period last year.

Commenting on the company’s results, Yinson group executive chairman Lim Han Weng(pic) said: “Our second reporting quarter brought some significant developments to our business.“

Bursa draws biggest weekly foreign inflow in 22 weeks

KUALA LUMPUR: Foreign funds upped the ante on Bursa Malaysia during the four-day trading period last week, with net buying surging to RM514.8mil, according to MIDF Research.

Buying interest: An investor walks in front of private stock trading boards at a private stock market gallery in Kuala Lumpur. International funds acquired RM514.8mil net of local equities last week, the largest weekly foreign net inflow recorded in 22 weeks, according to MIDF. — AP

Bursa changes sectoral index and classification

KUALA LUMPUR: Bursa Malaysia Bhd has changed its sectoral index and classification that will pave the way for more investment products such as exchange-traded funds (ETFs).

 Bursa Malaysia Bhd chairman Tan Sri Amirsham A Aziz and Bursa Malaysia CEO Datuk Seri Tajuddin Atan at the official launch of Bursa Malaysia's new sector classification and sectorial index series.