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 ...
FBM KLCI continued to inch slightly higher, as the market closed at 1,768.41 points, up by 3.97 points.
 |
| Market closed slightly higher |
This happened despite the fact that the oil prices continued to remain sluggish while the ringgit remains weak. Among the top gainers are Asia File Corporation Bhd, Ibraco Bhd and Kuala Lumpur Kepong Bhd (KLK). On the other hand, Dutch Lady Milk Industries Bhd, Syarikat Takaful Malaysia Bhd and AirAsia were the top decliners.
As expected, AirAsia was also the top active counter today as the AirAsia Flight QZ8510 went missing.
Many analysts are looking at AirAsia and expect to see some price weakness with the latest news.
The oil prices remained sluggish although it appeared to have stabilize while the ringgit seems to have near its bottom.
It is important to note that the market lack of movement could be due to the holiday season. Many analysts are expecting to see the year end window dressing.
Regionally, Hong Kong's Hang Seng was up 1.82%,whilst Japan's Nikkei was down 0.5%, while South Korea's Kospi was down 1.04%.
With some fresh gains on Wall Street and also the surge in Chinese shares (thanks to the optimism that the Chinese government would spur lending and continue to spur growth) contributed to Asian's rise in the stock.
Comments
Post a Comment