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 closed up 11.05 points or 0.66% after a late spike in Maxis Bhd and Tenaga Nasional Bhd share prices led to the KLCI's sharp rise in the final trading minutes.
At 5pm, the KLCI closed at 1,678.88. Maxis closed up 18 sen or 3.3% at RM5.64 while Tenaga rose 20 sen or 1.46% to RM13.86.
On the KLCI, Public Investment Bank Bhd analyst Lee Siao Ping said: “The buying interest is there, but the selling interest is equivalent. A bullish trend can only be confirmed if the KLCI breaks the 1,700 barrier next week.”
Across Bursa Malaysia today, 3.45 billion shares worth RM2.66 billion exchanged hands. Top gainers included Nestle (M) Bhd, Petronas Gas Bhd and MISC Bhd.
In currency markets, the ringgit strengthened to 4.099 against the US
dollar at the time of writing. The exchange rate reached 4.0935 earlier
today.
Bloomberg reported that the ringgit rose to the highest in more than four months after WTI crude entered a bull market and the dollar faltered again.
Reuters reported that Asian shares edged up on Thursday on a weaker dollar and hopes of more economic stimulus in China, but many stocks see-sawed as markets awaited some details on this week's US-China trade talks amid hopes an all-out trade war can be averted.
Source: The Edge
Bloomberg reported that the ringgit rose to the highest in more than four months after WTI crude entered a bull market and the dollar faltered again.
Reuters reported that Asian shares edged up on Thursday on a weaker dollar and hopes of more economic stimulus in China, but many stocks see-sawed as markets awaited some details on this week's US-China trade talks amid hopes an all-out trade war can be averted.
Source: The Edge
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