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Bursa Malaysia May See Selective Bargain Hunting Next Week

By Rosemarie Khoo Mohd Sani and Fatin Umairah Abdul Hamid

KUALA LUMPUR, Sept 12 (Bernama) -- Bursa Malaysia could see selective bargain hunting next week following the recent sell-off, particularly in fundamentally sound blue-chip stocks that have been marked down amid the broader risk-off environment, an analyst said.

RMS Launches MyARX To Strengthen Digital Transformation Of Ar-Rahnu X’Change

GEORGE TOWN, Sept 12 (Bernama) -- Bank Kerjasama Rakyat Malaysia Bhd’s (Bank Rakyat) wholly-owned subsidiary, Rakyat Management Services Sdn Bhd (RMS), has launched the MyARX mobile application as part of its efforts to strengthen the digital transformation of the Ar-Rahnu X’Change service.

IHH Says Fortis Acquisition Delays Caused Losses Amid Daiichi Sankyo Dispute With Debtors

KUALA LUMPUR, Sept 11 (Bernama) -- IHH Healthcare Bhd said it suffered losses due to delays in obtaining the required mandatory tender offer (MTO) approvals for its acquisition of Fortis Healthcare amid a dispute between Japanese pharmaceutical company Daiichi Sankyo Co Ltd and its “judgment debtors.”

Ringgit Ends Firmer Against Most Currencies, Eases Versus US Dollar

By Abdul Hamid A Rahman

KUALA LUMPUR, Sept 11 (Bernama) -- The ringgit appreciated against most major and regional currencies on Friday, although it declined against the US dollar.

Captive Insurance Sees Rising Recognition As Strategic Risk-financing Solution

KUALA LUMPUR, Sept 11 (Bernama) -- Captive insurance is gaining increasing recognition as a strategic risk-financing solution as businesses seek to strengthen resilience, enhance risk-financing control and address emerging risks, according to Labuan IBFC Incorporated Sdn Bhd (Labuan IBFC).

Bursa Malaysia Ends Week Sharply Lower Amid Regional Selloff

By Rosemarie Khoo Mohd Sani and Fatin Umairah Abdul Hamid

KUALA LUMPUR, Sept 11 (Bernama) -- Bursa Malaysia finished the week sharply lower on Friday amid another round of selling across regional markets, as persistently high crude oil prices continued to weigh on market sentiment, an analyst said.

Investment Banks Remain Positive On Plantation Counters Amid Higher Crude Oil Prices

KUALA LUMPUR, Sept 11 (Bernama) -- Plantation counters remained in focus as investment banks maintained a positive stance following a surge in Brent crude oil prices beyond US$100 per barrel amid renewed US-Iran tensions.

Gold Futures Close Lower In Line With US COMEX

KUALA LUMPUR, Sept 10 (Bernama) -- Gold futures on Bursa Malaysia Derivatives closed lower today, following the decline in gold futures on the United States Commodity Exchange (COMEX).

Ringgit Firmer Against US Dollar Ahead Of US CPI Data

By Abdul Hamid A Rahman

KUALA LUMPUR, Sept 10 (Bernama) -- The ringgit closed marginally higher against the US dollar on Thursday despite elevated crude oil prices and expectations of a possible US interest rate hike, as investors looked ahead to the release of US consumer price index (CPI) data on Friday.

Bursa Malaysia Ends Lower As Widening West Asia Conflict Weighs On Sentiment

By Rosemarie Khoo Mohd Sani and Fatin Umairah Abdul Hamid

KUALA LUMPUR, Sept 10 (Bernama) -- Bursa Malaysia finished lower on Thursday, along with other regional markets, as the widening war in West Asia and high oil prices weighed on sentiment.

Gold Futures Close Higher, Tracking US COMEX

KUALA LUMPUR, Sept 9 (Bernama) -- Gold futures on Bursa Malaysia Derivatives ended higher today, tracking the steady performance of gold futures on the US Commodity Exchange (COMEX).

Bursa Malaysia Closes Flat On Caution As Oil Rises To US$100 Amid Escalating West Asia Conflict

By Rosemarie Khoo Mohd Sani and Fatin Umairah Abdul Hamid

KUALA LUMPUR, Sept 9 (Bernama) -- Bursa Malaysia closed flat on Wednesday amid investor caution as heightened tensions in West Asia pushed Brent crude oil to above US$100 per barrel, an analyst said.