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Business

Sustained fund buying of Tenaga helps KLCI stretch gains

KUALA LUMPUR: Tenaga Nasional again helped power the FBM KLCI to a higher close on Thursday on sustained fund buying, sending the power giant's share price to the highest close since Dec 4, 2018.

Business

No increase in cement price

PETALING JAYA: Following a meeting with the Domestic Trade and Consumer Affairs Ministry, industry players have agreed to not increase cement prices.

Business

Public Bank leads KLCI slightly lower, Mestron most active

KUALA LUMPUR: Blue chips eased early Tuesday with Public Bank weighing slightly on the FBM KLCI while steel pole manufacturer Mestron Holdings was the most active on its trading debut on the ACE Market.

Business

Tenaga, Petronas stocks provide support to KLCI

KUALA LUMPUR: Some buying of Tenaga Nasional and Petronas-linked stocks help support the cautious FBM KLCI early Monday while key Asian markets traded cautiously.

Nation

Wee: Govt at fault if it cannot stop cement price hike

PETALING JAYA: The Pakatan Harapan government should be blamed if it is unable to do anything about the big jump in the prices of ready-mix concrete, says Datuk Seri Dr Wee Ka Siong.

Business

Public Bank, Tenaga weigh on KLCI while ringgit weakens

KUALA LUMPUR: Some fund selling of Public Bank, Tenaga Nasional and IOI Corp pushed the FBM KLCI into the red on Friday in the absence of any strong positive leads.

Business

UOB Kay Hian Research cautious over surge in cement companies' prices

KUALA LUMPUR: UOB Kay Hian Malaysia Research has cautioned investors the surge in share prices of cement companies amid speculation of cement prices rising by up to RM80 a tonne (40%) as “unwarranted”.

Business

Blue chips hold steady underpinned by Genting

KUALA LUMPUR: Blue chips were steady in early Friday trade, underpinned by Genting and Petronas Dagangan while Lafarge Malaysia rallied on hopes of a hike in cement price and the East Coast Rail Link (ECRL) projects.

Business

YTL Cement’s stake in Lafarge rises to 77%

KUALA LUMPUR: YTL Cement’s shareholding in Lafarge Malaysia rose from 51% to 77% at the close of the acceptance period for the former’s mandatory offer (MO) for the remaining 49% stake, CIMB Equities Research said.

Business

Lafarge surges to 13-month high at RM4.34

KUALA LUMPUR: Lafarge Malaysia Bhd’s share price hit its highest level in more than a year and surged almost 140% year-to-date to RM4.34.