KUALA LUMPUR, Sept 7 (Bernama) -- Bursa Malaysia traded higher on Monday, supported by renewed buying interest in selected banking and telecommunications heavyweights, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 6.69 points, or 0.39 per cent, to 1,714.79, compared with Friday’s close of 1,708.10. The benchmark index opened 1.60 points higher at 1,709.70 and fluctuated between 1,708.26 and 1,715.29 throughout the trading session. The broader market, however, was negative with losers outpacing gainers 611 to 488, while 580 counters were unchanged, 1,109 untraded and 25 suspended. Turnover declined to 3.60 billion units valued at RM2.45 billion from 4.33 billion units valued at RM2.98 billion on Friday.
Key Takeaways Goldman Sachs plans to raise at least US$12bn via bond issuance Deal may include up to six tranches with maturities up to 21 years Strong Q4 trading revenue supports investor demand Issuance likely helps refinance 2026 debt maturities Other big banks (JPMorgan, Wells Fargo, Morgan Stanley) also issuing Wall Street bond supply expected to ramp up sharply this quarter Goldman Sachs Group Inc is looking to raise at least US$12 billion through an investment-grade bond sale, signalling a renewed acceleration in bond issuance by Wall Street’s largest banks following strong fourth-quarter earnings, according to Bloomberg . The planned offering may be split into as many as six tranches , with maturities ranging from three to 21 years . Initial pricing discussions indicate a premium of about 1.05 percentage points over US Treasuries for the longest-dated bonds. The move follows Goldman’s record US$4.31 billion equities-trading r...