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, Nov 29 (Bernama) -- Bursa Malaysia’s main index failed to sustain the brief gains observed in the mid-afternoon session to end the day in the red, as selling in selected heavyweights mainly in utility and logistics counters intensified in the final hour of trading. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) slid 3.20 points or 0.20 per cent to 1,594.29 from Thursday’s close of 1,597.49. The index opened 1.13 points lower at 1,596.36 and moved between 1,586.39 and 1,603.59 today. Decliners beat gainers 539 to 515 while 461 counters were unchanged, 945 untraded, and 56 suspended. Turnover expanded to 3.43 billion units valued at RM3.19 billion versus 2.79 billion units valued at RM2.90 billion yesterday. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said some sectors staged a rebound, with banking, plantation, construction, telco and consumer stocks driving gains...