KUALA LUMPUR, Aug 14 (Bernama) -- Bursa Malaysia closed lower on Friday, even as utilities, healthcare, and financial services sectors saw increased buying interest following the release of Malaysia’s second-quarter (2Q) gross domestic product (GDP) data. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) slid 7.32 points to 1,727.39 compared with Thursday’s close of 1,734.71. The benchmark index opened 0.01 of a point higher at 1,734.72 and fluctuated between 1,726.77 and 1,734.72 throughout the day. On the broader market, losers trounced gainers 619 to 538, while 554 counters were unchanged, 1,117 untraded and 29 suspended. Turnover eased to 3.50 billion units valued at RM2.59 billion from 3.51 billion units valued at RM3.05 billion on Thursday. IPPFA Sdn Bhd director of investment strategy and country economist Mohd Sedek Jantan said FBM KLCI closed lower despite Malaysia’s stronger-than-expected 6.0 per cent GDP growth in 2Q 2026, underscoring the market’s forward-looki...
China Vanke has secured creditor approval to extend repayment on a yuan-denominated bond , easing near-term default risks for one of the last major Chinese developers still standing amid the sector downturn. According to a filing with the Shenzhen Stock Exchange , 92.11% of bondholders who exercised a put option on Vanke’s 1.1 billion yuan bond voted in favour of a revised proposal that includes an upfront cash payment . Under the plan, Vanke will repay 40% of the 1.03 billion yuan owed by Jan 30 , with the remaining balance deferred until Jan 22, 2027 . Why the Vote Matters The approval gives China Vanke Co crucial breathing room as it navigates an unprecedented property slump while carrying nearly US$50 billion in interest-bearing liabilities . It also signals that holders of two other bonds originally due last month may be open to similar extensions, with votes scheduled later this month. ...