FBM KLCI Extends Rebound but Weak Breadth Tests Conviction
The FBM KLCI extended its rebound after Budget 2027, but weak breadth and foreign selling show that gains remain narrowly concentrated.
Trusted Insights. Asian Perspective.
The FBM KLCI extended its rebound after Budget 2027, but weak breadth and foreign selling show that gains remain narrowly concentrated.
Ekonusa has refiled its ACE Market IPO, retaining plans for 121.03 million new shares to support factory and machinery expansion.
Pantech Global is selling its former Klang expansion site and using most of the proceeds to support a replacement headquarters and production facility.
Bursa Malaysia is expanding financial-literacy efforts as digital scams target a retail market generating about RM638 million in average daily trading value.
Ekonusa has restarted its ACE Market listing process with a new adviser and plans to fund a Selangor factory, machinery and working capital.
Jati Tinggi says market volatility has not materially changed its operations, pointing to a RM1.1 billion order book and its focus on power infrastructure delivery.
LFG has bought the Japanese-built LFG Cengal for US$23 million, bringing its ultramax fleet to three vessels as it expands its dry bulk shipping business.
Century Software has secured a two-year SKM financial management system contract, including a RM3.7 million subscription component before service tax.
Bank gains kept the FBM KLCI slightly higher, but a technology rout and heavily negative breadth showed that Malaysian market confidence remained narrow.
Kelington’s latest RM128 million award covers deionised water and wastewater systems, lifting cumulative contracts and purchase orders for the Kuching facility to RM544 million.