OGX signs underwriting agreement
PETALING JAYA: OGX Group Bhd has signed an underwriting agreement with UOB Kay Hian (M) Sdn Bhd, the principal adviser, sponsor, underwriter, and placement agent, in conjunction with its upcoming initial public offering (IPO) and listing on the ACE Market of Bursa Malaysia Securities Bhd.
FBM KLCI extends winning streak, ringgit at one-week high
KUALA LUMPUR: The FBM KLCI extended its winning streak to a fourth session on Wednesday, supported by positive regional cues and a firmer ringgit.
Guan Huat Seng Holdings IPO oversubscribed by 4.78 times
KUALA LUMPUR: Melaka-based food products and manufacturer Guan Huat Seng Holdings Bhd's initial public offering (IPO), ahead of its ACE Market listing on Bursa Malaysia Securities Bhd, was oversubscribed by 4.78 times.
Asian stocks rise; FX lack direction on steady dollar, Fed rate-cut bets
MOST emerging Asian equities rose on Wednesday, with Taiwan, Indonesia, and South Korea hitting all-time highs, while currencies were flat as U.S. inflation data supported expectations of a Federal Reserve rate hold later this month.
Asian stocks inch higher, fragile yen spurs intervention worries
SINGAPORE: Asian stocks rose on Wednesday, buoyed by Japanese shares, as investors braced for a snap election in Japan that could lead to more fiscal stimulus, while worries about central bank independence and benign U.S. inflation data whipsawed currencies.
FBM KLCI struggles to extend gains amid profit-taking pressure
KUALA LUMPUR: The FBM KLCI struggled to make more headway in morning trade, ending the session on a slightly negative note as traders took profit from the previous day's surge.
Japan's Nikkei hits record high on loose policy hopes, weaker yen
TOKYO: Japan's Nikkei share average rose to a record high on Wednesday, buoyed by hopes for more fiscal stimulus following a report last week that the government might call a snap election next month.
FBM KLCI holds firm above 1,700
KUALA LUMPUR: The return of foreign funds to blue chips on Bursa Malaysia could keep the FBM KLCI at multi-year highs, although the recent surge in prices and overbought conditions is anticipated to temper further gains.
Wall St falls with financials amid credit-card rate plan concern
US stocks ended lower on Tuesday, led by a drop in financial shares as comments from JPMorgan executives added to worries about US President Donald Trump's recent proposal for a cap on credit-card rates.
Is a bull run in the pipeline?
The "sell America" trade and improved investor sentiment looks likely to support Bursa Malaysia in the immediate future as the local benchmark plays catch-up to regional markets.
