Market News & Events

KUALA LUMPUR (March 30): Bursa Malaysia was mixed at midday as profit-taking activities among the blue chips — mainly banking and energy stocks after their recent advance — continued to drag the barometer index lower.

NEW YORK/LONDON (March 30): Global stock exchanges surged on Wednesday as markets took heart from greater stability in the banking sector, but most Treasury yields edged higher as uncertainty lingered and bond investors gauged the impact of rising interest rates on economic growth.

(March 30): The Nasdaq 100 Index surged into a new bull market Wednesday for the first time in nearly three years as traders pile into technology stocks and angst around the recent bank turbulence eases.

KUALA LUMPUR (March 29): The Malaysian economy is expected to grow between 4% and 5% in 2023, underpinned by firm domestic demand amid external headwinds. 

(March 29): Alibaba Group Holding Ltd’s decision to break its US$220 billion empire into six units and potentially list them is spurring hopes of a much needed boost to Hong Kong’s IPO market.

TOKYO (March 29): Major Toshiba Corp shareholder 3D Investment Partners scaled back its stake the day before the Japanese conglomerate announced it had accepted a higher priced takeover bid, a regulatory filing showed on Wednesday (March 29).

(March 28): The US took its most forceful move yet on Monday to crack down on crypto exchange Binance Holdings Ltd and its chief executive officer Changpeng Zhao.

KUALA LUMPUR (March 28): The ringgit opened higher against the US dollar on renewed demand for the local currency ahead of Bank Negara Malaysia’s (BNM) annual report on March 29 and the release of US consumer confidence data, said an analyst.

KUALA LUMPUR (March 28): A positive performance on Wall Street overnight helped lift Bursa Malaysia in opening trades on Tuesday morning.