Tag: Stock Exchange

Bursa Malaysia, UMW, and Maybank have partnered to develop a centralized sustainability platform in collaboration with LSEG. The initiative aims to streamline ESG disclosures, support carbon emissions tracking, and create green financing opportunities for listed and non-listed companies.

Following Miti's approval for Tesla to import battery electric vehicles, several Malaysian EV-linked stocks experienced significant gains, including KESM Industries, Pentamaster, and Genetec Technology.

Asian financial markets show positive momentum as U.S. economic data boosts investor confidence. The Philippine Peso and Malaysian Ringgit strengthen, reflecting robust economic performance and improved regional market outlook. Both currencies experience significant gains in early January, driven by strong economic indicators and renewed investor optimism.

Bursa Malaysia has announced 21 new additions to the FTSE4Good Bursa Malaysia (F4GBM) Index, increasing total constituents to 98. The index, which tracks companies with strong environmental, social, and governance principles, continues its growth since launching in 2014, highlighting commitment to sustainable business practices.

Asian markets show mixed performance as Hong Kong and China stocks rise, despite worries about economic slowdown. The MSCI Asia-Pacific index edges up, with Hang Seng surging over 2% following China's COVID policy relaxation. Australian and Japanese markets experience declines, reflecting ongoing global economic uncertainties.

The Malaysian stock market experienced a 1% decline with the KLCI index, while the ringgit reached a three-month high at 4.4760. Foreign investors returned to buying stocks, and potential political developments could drive pro-growth measures and domestic reforms.

Wall Street and European stocks decline as investors worry about economic recovery pace, COVID-19 Delta variant impact, and recent US job market data. Central bank policies and reopening economies remain key market drivers.