Category: Trading
Communify, Stellex Capital Acquire Fincentric From SandP Global
KUALA LUMPUR: Communify, a company owned by Just Build It (JBI), in partnership with Stellex Capital Management, have acquired SandP Global’s Fincentric (formerly known as Markit On Demand) to provide digital experiences, financial data distribution a…
Malaysia’s Strong 2Q GDP Growth Bolsters Confidence Amid Global Uncertainties
KUALA LUMPUR: Malaysia is well positioned to navigate external uncertainties, buoyed by a strong 5.9 per cent gross domestic product (GDP) growth in the second quarter of 2024 (2Q 2024), surpassing the earlier forecast of 5.8 per cent.
Bank Muamalat …
ITMAX Bags RM539 Mln DBKL Contract For AI Surveillance System
KUALA LUMPUR: ITMAX System Bhd has secured a RM539 million contract from Kuala Lumpur City Hall (DBKL) to deploy its artificial intelligence (AI) enhanced video surveillance system throughout the city.
Under this contract, ITMAX said it will install …
Resilient Spending, Investments Propel Malaysia’s 2Q Economy To 5.9 Pct, Highest Since 4Q 2022
KUALA LUMPUR: Malaysia’s economy saw a robust expansion of 5.9 per cent in the second quarter of 2024 (2Q 2024) exceeding earlier prediction of 5.8 per cent, bolstered by resilient household spending, vigorous investment activities and a significant b…
Sunway REIT Shares Rise After Meeting 1h24 Expectations
KUALA LUMPUR: Sunway Real Estate Investment Trust (REIT) performed strongly this morning after reporting first-half financial year 2024 (1H24) earnings that met expectations.
As of 10.04 am, the share price increased by 2.0 sen to RM1.67, with 739,00…
Sarawak Achieves Total Trade Worth RM193.4 Bln With Significant Export Growth In 2023
KUCHING, Sarawak recorded a total trade of RM193.4 billion last year, with RM130.8 billion worth of exports and RM62.6 billion imports.
Deputy Premier of Sarawak Datuk Amar Awang Tengah Ali Hasan said the main traded items were mineral fuels, palm o…
Investment Banks Positive On Dialog, With Higher Earnings Forecast For FY2025
KUALA LUMPUR: Kenanga Investment Bank Bhd has raised Dialog Group Bhd’s earnings forecast for the financial year ending June 30, 2025 (FY2025) by five per cent factoring in stronger revenue for the specialist product division.
In a note today, the in…
CPO Futures End Lower, Tracking Weaker Soybean Oil Market
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower on Friday amid weakness in the soybean oil market, particularly on the Chicago Board of Trade (CBOT), said palm oil trader David Ng.
He said the expect…
MNRB Posts Higher Net Profit Of RM92.2 Mln In 1Q FY2025
KUALA LUMPUR, MNRB Holdings Bhd recorded a higher net profit of RM92.20 million in the first quarter ended June 30, 2024 (1Q FY2025) from RM69.54 million in 1Q FY2024.
It attributed the higher profit to the higher insurance service result driven by …
Interactive Brokers’ CFDs Offering Enables Investors Round-The-Clock Access To US Stocks
KUALA LUMPUR: Interactive Brokers, an automated global electronic broker, has announced the expansion of its overnight trading offering to include Contracts for Difference (CFDs) on the United States (US) stocks and exchange-traded funds (ETFs).
In a…