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KUALA LUMPUR: Convenience store operator Mynews Holdings Bhd reported improved gross profit in the second quarter April 30, boosted by increased revenue from new stores and higher sales at existing outlets.
TOKYO: Asian stocks held their ground on Friday after Wall Street gained on a surge in oil prices as attacks on tankers in the Gulf of Oman stoked U.S.-Iran tensions and raised concerns over supply flows through one of the world's main sea lanes.
KUALA LUMPUR: Affin Hwang Capital research maintained its buy call in Sunway REIT with a higher target price of RM2.06.
KUALA LUMPUR: The ringgit was higher against the US dollar in early trading today on improving market sentiment towards the local note due to the higher global oil price.
KUALA LUMPUR: The FBM KLCI rose in morning trade as Tenaga Nasional rebounded from yesterday's rout, leading the index higher.
KUALA LUMPUR: Tenaga Nasional managed to stage a rebound early Friday to help shore up the FBM KLCI following the selldown the previous day.
BEIJING: Asia's top refiner China Petroleum & Chemical Corp (Sinopec) boosted spending on exploration and production by 41 percent last year as crude oil reserves tumbled at its biggest oilfield.