Malaysia’s corporate landscape saw a mix of fundraising activities, renewable energy expansion, IPO enthusiasm and balance sheet restructuring dominate headlines, reflecting continued investor appetite for growth and defensive sectors despite broader market caution. Tenaga Advances Renewable Energy Push KL: TENAGA strengthened its renewable energy ambitions after its subsidiary issued RM1.05 billion in Asean Green SRI Sukuk to finance a 500MW solar photovoltaic project in Kedah . The issuance highlights increasing institutional support for green financing and reinforces Tenaga’s long-term transition towards cleaner energy infrastructure. Investors may view the move positively as ESG-linked investments continue gaining traction across regional markets. Mr DIY Expands Funding Flexibility KL: MRDIY raised RM540 million via its maiden bond issuance , with proceeds earmarked for refinancing, working capital and expansion plans. The ...
Crude oil price seems to have recover and stabilize.
To a certain extend, this was in line with what we thought on December 13th in regards to the oil near bottom.
While I'm blogging this, the crude oil price (WTI) is at USD56.13 while the crude oil (brent) is at USD60.73 per barrel. It has dropped a bit but we personally feel that the oil price will not see any more sharp decrease.
The market probably feels the same way as FBM KLCI climbed 28.06 points or 1.64% as investors bought beaten blue-chip stocks.
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| FBM KLCI climbed 28.06 points (1.64%) today |
However, caution must be taken as there are analysts that feel that the crude oil (brent) might fall below USD60 per barrel, but we're quite close to that mark already anyway.
The top gainers for today are Petronas Gas Bhd and consumers counters like Dutch Lady and Nestle. The top decliners are Icon and Hong Leong Bank Bhd.
Regionally, Japan's Nikkei 225 and Hong Kong's Hang Seng Index both rose 0.08% and 1.26% higher.
It has been a good day for the FBM KLCI but caution should be taken for tomorrow's trade as the oil price showed some decline movement....things are still very volatile so it'll be difficult to see a strong rally towards 2015.

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