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NEW YORK: Goldman Sachs-backed ThredUp Inc is looking to raise up to US$168mil (RM689.69mil) through a US initial public offering (IPO), a regulatory filing by the online resale clothing firm showed.
Bursa Malaysia closed mixed amid sustained buying of chip and tech stocks on Thursday but profit taking weighed on glove makers.
Blue chips climbed in early Thursday trade, with chip makers and tech stocks among the top gainers, tracking the strong key Asian markets after Wall Street posted record closing.
Possible net buying this month will end long outflow
NEW YORK: One time bond king Bill Gross has been busy in retirement, shorting Treasury bonds, playing chicken with day traders on Reddit and even making a bundle on energy prices.
Most chip makers and tech related stocks were in the red early Wednesday on mild profit taking after the mixed overnight close on Wall Street.
TORONTO: It’s a deal that’s been talked about for decades in Toronto’s bank towers and country clubs: The Rogers and Shaw families should merge their giant cable companies.
Short sellers are circling AirAsia Group Bhd after the stock more than doubled from recent lows.
KUALA LUMPUR: Foreign funds remained net buyers of Malaysian equities for the second straight week, but inflows slowed to RM240.71mil against RM285.83mil in the preceding week, according to MIDF Research. The research house said last Monday foreign investors sold RM62.93mil net of local equities, with retailers and local institutions both as net buyers to the tune of RM48.95mil and RM13.98mil respectively. It said foreign investors were net buyers every day except Monday and Friday during last week. “On a year-to-date basis, foreign net selling this year came in lower when compared against the same period last year. “Net selling by foreigners was RM1.17bil for 2021 thus far, as compared to RM5.21bil over the same period in 2020,” MIDF said in its weekly fund flow report. As for the retailers, MIDF said they were net buyers every day last week except for Tuesday. The largest net buying was recorded on Friday at RM74.73mil and smallest net purchase was on Wednesday at RM4.80mil. Meanwhile, local institutions were net sellers every day of the week, except on Monday and Friday. The mixed ending was recorded after a five weeks pattern of net selling this year. “Cumulative weekly outflow was to the tune of RM424.04mil. The biggest net selling was on Wednesday at RM191.37mil while the smallest net selling was on Tuesday at RM110.93mil,” MIDF said. In terms of participation, the retail investors and local institutions recorded a weekly increase of 3.26% and 6.92% respectively in average daily trade value (ADTV). Foreign investors decreased by 22.37% in ADTV.