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 (April 10): The FBM KLCI jumped 11.27 points or 0.6% after China President Xi Jinping struck a conciliatory tone in his speech today, in which he highlighted China's plan to widen market access for foreign investors, raise the foreign ownership limit in the automobile sector and protect intellectual property of foreign firms.
Reuters reported that US stock futures rallied, Asian equities bounced and the safe haven yen fell on Tuesday, as Xi Jinping promised to lower import tariffs on products including cars, helping soothe investor jitters over an escalating US-China trade row. Xi was speaking at the Boao Forum for Asia in Hainan province.
At Bursa Malaysia, the KLCI closed at 1,860.98 at 5pm. Trade volume across Bursa Malaysia was 3.73 billion shares worth RM2.71 billion. Yesterday, trade volume was 2.22 billion shares worth RM2.1 billion.
Across Asian share markets, Japan’s Nikkei 225 rose 0.54% while Hong Kong’s Hang Seng increased 1.65%.
In Malaysia, Hong Leong Investment Bank Bhd head of retail research Loui Low told theedgemarkets.com that the stock market's gain is a recovery from a severely oversold position recently following concerns on the trade spat between US and China.
“The market movement today is a recovery from an oversold position seen in the last week. Chinese president Xi Jinping’s speech has given confidence to the market after concerns over a potential trade war led to a heavy selldown recently," Low said.
Source: The Edge
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