KLCI settles on 1,600 at midday

KUALA LUMPUR: The FBM KLCI remained firmly set in the red as profit-taking pressured the index lower to the 1,600 psychological support.

KLCI sees mild retreat on profit-taking

KUALA LUMPUR: Profit-taking took the FBM KLCI lower in Monday morning trade following Friday's strong advance on the back of a jump in Axiata's and Digi's share prices.

Summary of business news from April 5 to 11

Is the proposed Celcom-Digi merger a fair deal?

The new entity, Celcom Digi Bhd, will become the biggest player locally, with an estimated annual revenue of RM12.4bil and 19 million subscribers or about a 40% market share. How will this affect the local telco landscape?

Concerns remain on proposed Celcom-Digi merger

AFTER Digi.com Bhd and Axiata Group Bhd’s subsidiary Celcom Axiata Bhd announced their merger plan to become the country’s largest telecommunications company, both stocks soared significantly.

Short Position - Celcom-Digi merger, Dataprep lesson, Melaka Waterfront

THE merger between Celcom Axiata Bhd and Digi.Com Bhd opens an interesting question of whether a similar merger of equals in the banking sector also needs to take place.

Foreign buying triggers bounce

It was overall a good week in Malaysian equities although the bourse was a late joiner to the global optimism.

Bullish interest in telcos offsets retreat in glove stocks

KUALA LUMPUR: Trading interest in the local telco sector single-handedly drove the FBM KLCI higher in the morning session, despite profit-taking in other sectors.

Axiata, Digi pull FBM KLCI higher

KUALA LUMPUR: A surge in the share prices of Axiata and Digi following the announcement of a merger sent the FBM KLCI higher in early Friday trade.

Quick take: Axiata, Digi stocks surge on merger talk

KUALA LUMPUR: Shares of both Axiata Group Bhd and Digi.com BHd shot up on news that the telcos are in advanced discussion about a merger.