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 ...
KUALA LUMPUR (July 3): The FBM KLCI rose five points or 0.3% on bargain hunting and as Petronas-linked shares took the cue from crude oil gains.
At 5pm, the KLCI finished at 1,768.67 points after falling to its intraday low at 1,756.37 points. Last Friday, the index fell 7.69 points to 1,763.67 points.
Today, JF Apex Securities Bhd senior analyst Lee Cherng Wee told theedgemarkets.com: “There does not seem to be any fresh catalysts driving the market,[therefore] the market’s performance today can be attributed to bargain hunting following a decline in performance last week."
Across Bursa Malaysia today, 1.76 billion shares worth RM1.74 billion were traded. There were 408 gainers against 404 decliners.
Oil and gas-related shares were among Bursa Malaysia top gainers. The list included KLCI-linked Petronas Gas Bhd, Petronas Dagangan Bhd and Petronas Chemicals Group Bhd.
Reuters reported that oil markets edged up on Monday, lifted by the first fall in US drilling activity in months, although price gains were capped by reports of rising OPEC output last month even as the group has pledged to cut supply.
Brent crude futures had climbed 13 cents, or 0.3 percent, to US$48.90 per barrel by 0643 GMT, after jumping 5.2 percent last week in their first weekly gain in six weeks.
Source: The Edge
Comments
Post a Comment