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 ...
The FBM KLCI rose 9.01 points or 0.54% today, mainly on Tenaga Nasional Bhd share gains, amid speculation 1Malaysia Development Bhd (1MDB) may sell its power assets to foreign bidders.
1MDB's power assets are parked under Edra Global Energy Bhd.
Analysts and fund managers said Tenaga gained as investors could have perceived such updates as good news for Tenaga, amid concerns Tenaga might overpay for state-owned 1MDB's power assets to bailout the company.
The Finance Index increased 0.40% to 14135.16 points, the Properties Index dropped 0.10% to 1197.08 points and the Plantation Index rose 0.06% to 7502.73 points. The market traded within a range of 12.33 points between an intra-day high of 1673.92 and a low of 1661.59 during the session.
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| FBM KLCI gained 0.54% as of closing for today |
Tenaga added 30 sen or 2.3% to RM13.42, to become Bursa Malaysia's fifth-largest gainer.
Actively traded stocks include GENETEC, BORNOIL-WC, INSTACO, GLOTEC, HUBLINE, NEXGRAM, BORNOIL, PUC, PESONA and CONNECT. Trading volume decreased to 2949.13 mil shares worth RM1932.04 mil as compared to Friday’s 2965.92 mil shares worth RM1956.37 mil.
Leading movers were PETDAG, with a gain of 80 cents.
The top decliners included Panasonic Manufacturing Malaysia Bhd and United Plantations Bhd.
Across Asian share markets today, Hong Kong’s Hang Seng fell 0.39%, while South Korea’s Kospi gained 0.7%. Japan markets were closed for holiday.
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