Tag: Stock Exchange
Bursa Malaysia inks collaboration with UMW, Maybank to roll out centralised sustainability platform
Bursa Malaysia, UMW, and Maybank are partnering to develop a centralized sustainability platform that will help listed companies enhance ESG disclosures, track carbon emissions, and support green financing initiatives. Created with London Stock Exchange Group, the platform aims to accelerate decarbonization across corporate supply chains.
EV-related stocks advance after Tesla gets approval to import electric vehicles into Malaysia
Tesla receives Malaysian approval to import electric vehicles, triggering a stock market surge. EV-related companies like KESM Industries, Pentamaster, and Genetec Technology see significant share price increases, reflecting market excitement about Tesla's strategic expansion into Malaysia.[100 words]
Asian FX, stocks rise as strong U.S. GDP data aids risk sentiment
Philippine Peso and Malaysian Ringgit lead Asian currency gains, supported by resilient U.S. economic data. Both currencies strengthen in January, with ringgit appreciating about 4% year-to-date, reflecting improved economic outlook and investor optimism.
Bursa Malaysia announces 21 additions to F4GBM index constituents
Bursa Malaysia announces 21 new additions to the FTSE4Good Bursa Malaysia (F4GBM) Index, increasing total constituents to 98. The index, launched in 2014, tracks companies with strong environmental, social, and governance (ESG) principles, reflecting a growing focus on sustainable investing in Malaysia.
Asia stocks edge up despite global growth worries.
- Asian stocks show modest gains amid concerns about global economic slowdown and Federal Reserve interest rate hikes. Hong Kong and China markets rise, while Australian and Japanese indexes decline, reflecting investor sentiment and ongoing economic challenges.
KLCI falls as investors take profit, ringgit at 4.4760
Bursa Malaysia closed 1% lower with 629 losers versus 347 gainers. The ringgit rose to a three-month high at 4.4760, up 0.43% against the US dollar. Foreign investors bought RM341 million in stocks, signaling potential market recovery and interest in upcoming political and economic developments.
GLOBAL MARKETS-Worries over economic recovery shake world stocks, US$ pares gains
World stocks experience volatility as investors assess economic recovery challenges. The Dow Jones and S&P 500 decline, reflecting market uncertainty about job growth and the potential impact of rising coronavirus infections. Central bank policies and reopening economies continue to influence market sentiment.
