KUALA LUMPUR, April 25 (Bernama) -- Bursa Malaysia extended its uptrend for a third consecutive day on Friday, closing higher on renewed buying interest amid positive regional market performance due to potential de-escalating US-China trade tensions. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 2.68 points, or 0.18 per cent, to 1,509.20 from Thursday’s close of 1,506.52. The benchmark index opened 5.12 points better at 1,511.64, and moved between 1,505.68 and 1,512.29 throughout the day. Market breadth was positive, with advancers beating decliners 651 to 325, while 434 counters were unchanged, 1,047 untraded, and 39 suspended. Turnover improved to 3.10 billion units valued at RM1.95 billion against Thursday’s 3.08 billion units valued at RM2.14 billion.
Cuckoo International (MAL) Bhd is delaying its much-anticipated debut on Bursa Malaysia due to current global market volatility.
Originally scheduled to list on April 30, the company now plans to go public on June 24, it announced in a statement on Wednesday.
The IPO application period remains open, with a new closing date set for June 5.
Cuckoo cited the recent market rout, triggered by escalating global trade tensions and investor uncertainty, as the main reason for the deferment.s
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