Market News & Events

BENGALURU/CHICAGO (June 25): Nike Inc on Thursday forecast fiscal full-year sales ahead of Wall Street estimates, betting on its online business, higher demand as lockdowns ease, and its tried-and-tested strategy of limiting stock for popular products

KUALA LUMPUR (June 25): G Capital Bhd (GCAP), formerly known as Gunung Capital Bhd, has emerged as a substantial shareholder of LYC Healthcare Bhd after acquiring 22 million shares, or a 5.099% stake, in the healthcare service provider.

ASHEVILLE, North Carolina, US/BENGALURU (June 24): Doximity Inc was valued at over US$7 billion in its market debut on Thursday, as its shares opened more than 58% above their offer price, indicating investor confidence in healthcare-focused technology companies.

SINGAPORE (June 23): Stocks found a footing and swinging bond markets calmed down on Wednesday, with testimony from U.S. Federal Reserve chair Jerome Powell providing investors with reassurance that the central bank has an eye on inflation but is not hastening to hike rates.

KUALA LUMPUR (June 23): Serba Dinamik Holdings Bhd's share price fell about 2% in Bursa Malaysia morning trade today after the engineering solutions provider announced yesterday legal action against its external auditor KPMG PLT for alleged negligence in the course of the audit process for the company.

BENGALURU (June 23): Gold prices gained on Wednesday after U.S. Federal Reserve Chair Jerome Powell promised not to raise interest rates too quickly based only on the fear of coming inflation, although an uptick in the dollar kept prices in check.

KUALA LUMPUR (June 23): Bursa Malaysia was lower in early trade today, with the key index retreating from its mild gains yesterday amid selling among the heavyweights, led by Top Glove Corp Bhd.

KUALA LUMPUR (June 23): The ringgit opened higher against the US dollar today despite a strengthening greenback, supported by steady crude oil prices and the positive sentiment brought about by the reaffirmation of Malaysia’s sovereign rating.

KUALA LUMPUR (June 22): Bursa Malaysia rebounded from yesterday’s losses across the board as bargain hunting emerged on the back of improved market sentiment.