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 (Sept 18): The FBM KLCI fell 10.82 points or 0.6% on profit taking and as the escalating US-China trade war hurt market sentiment. At 5pm, the KLCI settled at 1,792.94 points after falling to its intraday low of 1,788.52 points.
Investors took profit today after the KLCI rose 11.16 points to 1,803.76 points on Friday. Today, selling was seen among KLCI-linked banking stocks, which, partly led to the 226.87 point or1.27% drop in Bursa Malaysia's finance index at 17,696.57 points.
Malaysian shares resumed trading today after markets were closed yesterday in lieu of Malaysia Day which fell on Sunday.
Today, Malaysian shares took cue from the escalating US-China trade war. Reuters reported that investors were nervous after US President Donald Trump imposed 10 percent tariffs on an additional US$200 billion worth of Chinese imports, and warned of duties on more products if China took retaliatory action.
It was reported that Asian shares spent most of the morning in negative territory although the reaction was a little muted because Tuesday's announcement was in line with expectations and had been baked into prices. It was reported that China said on Tuesday it has no choice but to retaliate against new US trade tariffs, risking even stronger action from Trump in an escalation of the trade war between the world's largest economies.
In Malaysia, Malacca Securities Sdn Bhd head of research Victor Wan told theedgemarkets.com that the strong indication that China will retaliate against the US tariff on imports from China is weighing on Asian markets.
“Yesterday, regional markets were not performing well, and Bursa was showing a delayed reaction today. Although regional indices rebounded today, we don’t think that is sustainable,” Wan said.
Across Bursa Malaysia today, trading volume was 1.79 billion shares worth RM1.98 billion. Among the 30 KLCI stocks, top decliners in percentage terms were IHH Healthcare Bhd, RHB Bank Bhd and CIMB Group Holdings Bhd.
Source: The Edge
Comments
Post a Comment