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 26): The FBM KLCI closed 2.66 points or 0.2% higher on bargain hunting amid speculation on the timing of Malaysia's 14th General Election (GE).
At 5pm, the KLCI settled at 1,766 points. The KLCI traded between its intraday high and low at 1,766.7 and 1,760.82 points respectively.
Bursa Malaysia saw 1.3 billion shares worth RM1.55 billion traded. There were 373 gainers and 378 decliners.
Etiqa Insurance and Takaful head of research Chris Eng told theedgemarkets.com that the KLCI rose as investors pushed the index higher "possibly on insider information on when the election might be (held)".
“The (Malaysian stock market) rally will continue as long as the global market does not collapse. Currently, the market is still foreign news driven,” Eng said.
Malaysia held its GE13 on May 5, 2013.
Across Asian share markets today, Japan’s Nikkei 225 rose 0.48% while Hong Kong’s Hang Seng was up 0.33%. South Korea’s Kospi, however, fell 0.22%.
Reuters reported that Japanese stocks rose on Wednesday, snapping a three-day losing streak, as solid gains on Wall Street boosted sentiment and Caterpillar Inc's strong earnings whetted investors' appetite for companies such as Komatsu Ltd and Hitachi Construction Machinery Co.
While overall sentiment improved, investors took profits later in some of the stocks which had risen in early trade, as they remained cautious ahead of a US Federal Reserve monetary policy decision later in the day, Reuters reported.
Source: The Edge
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