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 (Jan 10): The FBM KLCI fell 4.03 points or 0.22% as profit-taking drove the index lower for the second consecutive day.
At 5pm, the KLCI closed at 1,822.92 points after rising to its intraday high at 1,830.63 points. Yesterday, the KLCI dropped 5.2 points to 1,826.95 points.
Today, Areca Capital Sdn Bhd chief executive officer Danny Wong told theedgemarkets.com that profit-taking in the Malaysian stock market "is not that glaring, and is normal considering the local market has been on the uptrend since end-December".
In recent days, the KLCI closed higher at 1,782.70 points on Jan 2 before climbing to 1,832.15 points on Monday (Jan 8).
Across Bursa Malaysia today, 5.75 billion shares valued at RM3.78 billion exchanged hands.
UMW Oil & Gas Corp Bhd was the most-active stock with some 352 million shares traded. UMW Oil & Gas fell 1.5 sen to 41 sen.
Source: The Edge

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