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 market
is behaving like a yo-yo and today, we have a better side of things. It’s an
uptrend and we’re looking at a jump for FBM KLCI by 0.27% or 4.56 points to
1,690.91.
 |
| FBM KLCI closed higher as oil rebound |
There is still no clear signal of breaking the 1,700 mark but things
have been slightly more positive now.
Across
Bursa Malaysia, we saw 1.72 billion shares traded worth RM1.81 billion. There
are 441 winners compared to the 355 losers while another 353 is unchanged.
Regionally,
things are also looking better except for the volatile China.
The
positive sentiment was mainly driven by the rebound of crude oil price and the
expectation of policy easing by the European Central Bank (ECB) later in the
day.
In Bursa,
the top gainer is Kossan Rubber Industries Bhd while leading the decliners was
British American Tobacco (M) Bhd. The warrants of AirAsia X and RedSena
dominated the top active counters.
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