Bursa Malaysia ended marginally higher yesterday with the key index rising 0.32% on bargain hunting, in sync with the upbeat regional market performance as foreign funds return to the region.
Supercomnet Technologies Bhd (Scomnet) has received approval from Bursa Malaysia for the transfer of its entire issued share capital from the ACE Market to the Main Market of Bursa Malaysia.
South-East Asia’s strong growth potential continues to place regional markets, including Malaysia, as an investor favourite in the second half of 2023 (2H23), based on the number of initial public offerings (IPOs) recorded in 1H23, according to Deloitte Malaysia.
Bursa Malaysia closed lower for the third consecutive day in tandem with the regional selldown, following the negative cue from global equities overnight.
The local market sentiment and trading activities are poised to improve along with the positive developments in macroeconomic conditions, says Kenanga Research.