Malaysia’s new vehicle sales surged 21 per cent to 57,991 units in April 2024 from 47,802 in the same month last year, according to the Malaysian Automotive Association (MAA).
The association noted that the total industry volume (TIV), however, was 18 per cent lower compared with March 2024’s TIV of 71,052 units.
"(April was a) short working month due to the Hari Raya festive holidays,” it explained in a statement today.
A total of 53,253 passenge...

Bursa Malaysia could be seeing some positive spillover from Wall Street markets following the release of a US producer inflation report.
The FBM KLCI opened on a cautious note, barely moved at 1,605.75 as investors stayed on the sidelines while they digested the recent developments in the US.
Overnight, the technology-heavy Nasdaq climbed 0.75% to a new record of 16,511.18 points. The Dow Jones Industrial Average gained 0.32% to 39,558.11 while the S&P50...

The flow of foreign funds into Bursa Malaysia accelerated 3.6 times from the week before to RM1.06bil net, which represents the largest recorded net inflow in over two years.
The jump in foreign buying interest in Malaysian stocks came in tandem with an increase in foreign inflow to regional markets, spurred on by improved risk appetite for equities.
"Foreign funds returned to Asia at a rate of US$1.09bil last week after two weeks of net se...

Oil prices were down 1% on Monday, erasing gains from Friday as Israel-Hamas peace talks in Cairo eased fears of a wider conflict in the Middle East and U.S. inflation data further dimmed the prospects of interest rate cuts anytime soon.
Brent crude futures fell by as much as 98 cents, or 1.09%, to $88.52 a barrel by 0644 GMT. West Texas Intermediate (WTI) futures were down 83 cents, or 0.99%, at $83.02 a barrel.
Stepped-...

Analysts believe local institutional investors can absorb the net selling by foreign portfolio funds on Bursa Malaysia and support the local market to hold on to the 7.4% gains made year-to-date (y-t-d).
Despite the RM1.59bil in net selling by foreign funds last week – the highest in four years – the local benchmark FBM KLCI closed at a 23-month high of 1,561.6 points yesterday on fresh buying by local institutions as sentiment showed signs of imp...

Bandar Utama City Centre Sdn Bhd has chosen Solarvest Holdings Bhd's unit Solarvest Energy Sdn Bhd to install Malaysia's largest on-site photovoltaic (PV) panels and building-integrated photovoltaic (BIPV) panels at 1 Utama Shopping Centre.
The installation will span about 273,300 square feet of the mall's rooftop and car park, generating over 5,700 kilowatts peak (kWp) of renewable energy to supply power to 1 Utama.
Solarvest w...

Shares in SBH Marine Holdings Bhd surged 16% in their trading debut on Monday following the frozen seafood company’s RM50.6 million initial public offering (IPO), bucking subdued broader market conditions.
SBH Marine opened at 25.5 sen versus its IPO price of 22 sen per share on Bursa Malaysia’s ACE Market. The stock climbed to 26.5 sen, up 20% from its listing price, at 9.05am after more than 53 million shares changed hands. In ...

Kenanga Investment Bank Bhd (Kenanga IB) has raised its financial year 2025 (FY2025) net profit forecast for Bintulu Port Holdings Bhd by 14 per cent on "stronger prospects" of a hike in tariffs for the port.
It also lifted the port operator's target price by 6 per cent to RM5.90 from RM5.55 and maintained its "market perform" call.
The research firm said the increase in FY2025 net profit was made based...

Malaysia’s Producer Price Index (PPI), which measures the price changes of goods at the producer level, increased by 0.3 per cent in February 2024 from a negative 0.6 per cent in January 2024, the Department of Statistics Malaysia said.
Chief Statistician Malaysia Datuk Seri Dr Mohd Uzir Mahidin said the agriculture, forestry and fishing sector rose 6.0 per cent (January 2024: 3.2 per cent), contributed by the growing of perennial crops (8.1 per cent), fishing (7.5 ...

Singapore-based Bridge Data Centres (BDC) is expected to invest RM15bil on its data centre presence in Malaysia, says Deputy Communications Minister Teo Nie Ching.
She said the company had already invested more than RM2bil in the first phase of its project at the Kulai Data Exchange Centre (Kidex) in Sedenak.
“As of the first quarter of this year, BDC is the largest data centre operator that we have in Johor,” she said.
The company, she said, ...