Bursa Malaysia, Shenzhen Stock Exchange collaboration to broaden opportunities
KUALA LUMPUR: Bursa Malaysia Bhd and Shenzhen Stock Exchange (SZSE) have sealed a memorandum of understanding (MOU) to broaden opportunities in investment and facilitate further cross-border collaboration between the two countries. Both parties welcomed the collaboration through a virtual signing ceremony held in the presence of Bursa Malaysia chairman Datuk Shireen Ann Zaharah Muhiudeen and SZSE chairman Wang Jianjun. Under the […]
New feature on Bursa Anywhere mobile app
KUALA LUMPUR: Bursa Malaysia Bhd has accelerated the release of a new feature on its Bursa Anywhere mobile application (App) to help Central Depository Services (CDS) account holders manage their accounts remotely in light of Covid-19. Its chief executive officer, Datuk Muhamad Umar Swift said the App, which was launched in June 2019, is a one-stop platform that allows individual […]
Association calls for Bursa Malaysia suspension to protect market
KUALA LUMPUR: The Association of Stockbroking Companies of Malaysia (ASCM) has called for Bursa Malaysia to be suspended in line with the recent Movement Control Order declared by the government amidst the Covid-19 pandemic. Its chairman Datuk Dr Azman Manaf said the move would protect the market from severe damage that might take a decade to heal. Without evasive action in […]
Net outflow dominates market amid political turmoil
KUALA LUMPUR: Malaysia saw its net outflow dominated the equity market last week, surpassing a net sell of over RM1.15 billion compared with the previous week’s RM447.9 million due to the unnerving political turmoil which culminated in the scramble among political parties seeking to form the next government. An analyst said the one-week political instability had caused the net outflow […]
Waiver of listing fees by SC & Bursa Malaysia for one year
KUALA LUMPUR: The Securities Commission and Bursa Malaysia will waive the listing fees for one year, said interim prime minister Tun Dr Mahathir Mohamad said. This includes a waiver on the listing fees for companies seeking a listing on the Leading Entrepreneur Accelerator Platform (LEAP) or Access, Certainty, Efficiency (ACE) markets, as well as companies with the market capitalisation […]
Bursa Malaysia ends in the red
KUALA LUMPUR: Bursa Malaysia ended in the red today following a domestic political wrangling culminating in the resignation of Tun Dr Mahathir Mohamad as prime minister and Parti Pribumi Bersatu Malaysia chairman. At close, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 2.68 per cent or 41.14 points lower to 1490.06 points compared with Friday’s close of 1,531.20. The […]
Bursa Malaysia spooked
As CI down by 42.35 points KUALA LUMPUR: The local bourse has been spooked by the ongoing political uncertainty following the resignation of Tun Dr Mahathir Mohamad as prime minister and chairman of Parti Peribumi Bersatu, marking his possible exit from politics. As the market resumed after lunch break, the FTSE Bursa Malaysia KLCI (FBM KLCI) declined 42.78 points or 2.79 […]
Riding high on bullish palm oil prices
KUCHING: Soaring palm oil prices in recent weeks have driven up the share prices of Sarawak-based plantation companies to their highest levels in about two years. The benchmark palm oil contract for March 2020 delivery on the Bursa Malaysia Derivatives Exchange hit the RM3, 000 per tonne mark and jumped RM22 to RM3,027 per tonne […]
PNB declares 5.5 sen income distribution for ASB
KUALA LUMPUR: Permodalan Nasional Bhd (PNB) has announced an income distribution of 5.00 sen a unit and a bonus of 0.50 sen for Amanah Saham Bumiputera (ASB) for 2019, despite a 7.2 per cent contraction in Bursa Malaysia’s FBM KLCI year-to-date. Chairman Tan Sri Zeti Akhtar Aziz said this will involve a total pay-out of RM9 […]
