Here is a brief recap of some corporate announcements that made the news on Thursday (Jan 19) involving IGB Real Estate Investment Trust, Axis Real Estate Investment Trust, CapitaLand Malaysia Trust, Ecobuilt Holdings Bhd, YTL Power International Bhd, RHB Bank Bhd, Digistar Corp Bhd, Malaysian Resources Corp Bhd and Digi.Com Bhd. IGB Real Estate Investment Trust (IGB REIT)’s net property income (NPI) for the fourth quarter ended Dec 31, 2022 (4QFY2022) rose 12.79% to RM105.64 million from RM93.66 million a year ago, as revenue increased 24.59% to RM148.72 million from RM119.37 million. The higher revenue and NPI were mainly due to lower rental support provided to tenants arising from the economic reopening and improving retail sales of tenants. It declared a distribution per unit (DPU) of 2.46 sen, which raised its total FY2022 DPU to 9.86 sen.
Bursa Malaysia shook off earlier losses to end at its intraday high on Tuesday (Jan 17), lifted by late buying of selected telecommunications and media, as well as industrial products and services counters, dealers said.
Bursa Malaysia extended Monday's (Jan 16) losses to open lower on Tuesday, driven by continued profit-taking against selected heavyweights, despite the positive momentum in regional markets, dealers said.
Bursa Malaysia opened slightly lower on Monday (Jan 16) but rebounded after that, supported by mild buying interest in selected heavyweights, in line with positive momentum in regional markets, dealers said. At 9.25 am, the benchmark FBM KLCI had improved by 0.75 point to 1,495.78, from last Friday's close at 1,495.03.
Bursa Malaysia opened higher on Friday (Jan 13) on positive sentiment, after the latest US consumer price index (CPI) figures showed that inflation continued to decline in the US, spurring hopes for softer interest rates going forward.