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 (Dec 15): The FBM KLCI came down by as much as 0.76% or 13.35 points today as investors took profit after three days of gains.
At market close, the benchmark index pared some losses to close at 1,753.07, down 5.93 points or 0.34% from yesterday.
"After rising by almost 40 points since Monday's close, we saw profit-taking activities across the board today," said Malacca Securities Sdn Bhd senior research analyst Kenneth Leong.
"This is in tandem with key regional indices, which were affected by uncertainties over US tax overhaul implementation," Leong told theedgemarkets.com.
He expects the KLCI to move between 1,740 and 1,760 points in the near term.
Asian shares erased earlier modest gains with sentiment dented by Wall Street's weakness on concerns about the progress of US tax reform, though regional stocks remain on track for a weekly rise, Reuters reported.
Japan's Nikkei fell 0.62% and Hong Kong's Hang Seng Index dropped 1.09%, while South Korea's Kospi rose 0.51%.
On the local front, total trading volume was 2.34 billion shares worth RM3.51 billion. Losers led gainers by 475 to 414, while 386 counters remained unchanged.
Notable losers included Genting Bhd, Hap Seng Consolidated Bhd and Hong Leong Bank Bhd, while top gainers included Hengyuan Refining Company Bhd and Hartalega Holdings Bhd.
PUC Bhd was the most actively traded counter, with 126.31 million shares done.
Source: The Edge
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