KIP REIT To Acquire Setapak Central For RM435 Mln

KUALA LUMPUR, April 27 (Bernama) -- KIP Real Estate Investment Trust (KIP REIT), via its trustee Pacific Trustees Bhd, has entered into a conditional sale and purchase agreement for the proposed acquisition of Setapak Central for RM435 million.

Late Selling Drags Bursa Malaysia Lower Amid Rotation Into Mid-, Small-Cap Stocks

By Harizah Hanim Mohamed

KUALA LUMPUR, April 27 (Bernama)  -- Last-minute selling dragged Bursa Malaysia into negative territory at closing, reversing gains after trading in positive territory throughout the day, as investors shifted to rotational play into mid- and small-cap segments, favouring domestically driven and higher-beta names with clearer earnings visibility.

Bursa Malaysia Higher As AI Optimism, Firm Commodities Offset Geopolitical Concerns

KUALA LUMPUR, April 27 (Bernama) -- Bursa Malaysia remained in positive territory at mid-afternoon, rising 0.33 per cent, supported by gains in artificial intelligence (AI)-related and metals-linked counters, as stalled US-Iran talks heightened concerns over supply disruptions, thereby underpinning commodity prices.

Bursa Malaysia Stays Higher At Midday On Buying Support In Heavyweights

KUALA LUMPUR, April 27 (Bernama) -- Bursa Malaysia remained in positive territory at midday, supported by buying in heavyweights, led by Press Metal, Telekom Malaysia and Petronas Chemicals.

Local Institutions Extend Net Buying Streak To Two Weeks, Net Inflows At RM534.2 Mln

KUALA LUMPUR, April 27 (Bernama) -- Local institutions extended to a two-week net buying streak on Bursa Malaysia, recording net inflows of RM534.2 million, according to MBSB Investment Bank Bhd (MBSB IB) today. 

Bursa Malaysia Opens Higher On Renewed Interest In Semiconductor-related Counters

KUALA LUMPUR, April 27 (Bernama) -- Bursa Malaysia opened higher on Monday amid renewed interest as Malaysia is seen benefitting from increased data centre investments due to its reputation as a strategically secure hub, following stronger-than-expected earnings from US chip giant Intel Corp.

KLCI Futures Open Higher

KUALA LUMPUR, April 27 (Bernama) -- FTSE Bursa Malaysia KLCI (FBM KLCI) futures opened higher on Bursa Malaysia Derivatives on Monday in line with the cash market.

Padini Initiates Internal Review Into MACC Account Freeze

KUALA LUMPUR, April 25 (Bernama) -- Garment retailer Padini Holdings Bhd has commenced an internal review to assess the circumstances surrounding the freezing of certain identified bank accounts belonging to the company and its subsidiaries by the Malaysian Anti-Corruption Commission (MACC). 

CPO Futures Expected To Trade Lower On Profit-taking Next Week

By Nur Athirah Mohd Shaharuddin

KUALA LUMPUR, April 25 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives are expected to trend lower next week amid profit-taking, a trader said.

Bursa Malaysia Likely To Trade Sideways Between 1,700 And 1,730 Next Week

By Abdul Hamid A Rahman

KUALA LUMPUR, April 25 (Bernama) -- Bursa Malaysia’s key index is likely to move sideways within the 1,700–1,730 range next week, said Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng.

MACC Freezes Certain Bank Accounts of Padini, Subsidiaries Over Ongoing Probe

KUALA LUMPUR, April 24 (Bernama) -- The Malaysian Anti-Corruption Commission (MACC) has frozen certain bank accounts of Padini Holdings Bhd and its subsidiaries in connection with an ongoing investigation.

Manforce Group's Public Portion of IPO Oversubscribed By 3.47 Times

KUALA LUMPUR, April 24 (Bernama) -- Manforce Group Bhd's public portion of its initial public offering (IPO) has been oversubscribed by 3.47 times, in conjunction with its transfer of listing from the LEAP Market to the ACE Market of Bursa Malaysia.