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IT has been another eventful year for Bursa Malaysia, as the nation began transitioning to the endemic phase of Covid-19 on April 1 amid global headwinds such as high inflation, rising interest rates and geopolitical tensions. The local market along with other Asian bourses, with the exception of Singapore’s Straits Times Index is ending the year in negative territory. The FBM KLCI had lost 5.7% year to date (YTD) to 1,478.54 points on Dec 16 compared with the STI’s gain of 3.7%.
LIKE many other commodities, Malaysia’s golden crop palm oil went through a whirlwind of a year. The upward trend in prices saw interest return to plantation counters that had missed out on the rally in crude palm oil (CPO) prices in 2021.
Bursa Malaysia opened mostly flat on Wednesday (Dec 28), as the benchmark index fluctuated between gains and losses at the start of the trading day. At 9.06am, the benchmark FBM KLCI was 0.27 of a point higher at 1,474.96, compared with Tuesday's closing at 1,474.69.
KUALA LUMPUR (Nov 22): Here is a brief recap of some corporate announcements that made news on Tuesday (Nov 22), involving TIME dotCom Bhd, Gamuda Bhd, AirAsia X Bhd (AAX), Supermax Corp Bhd, Pavilion Real Estate Investment Trust (PavREIT), Sime Darby Plantation Bhd, Telekom Malaysia Bhd (TM), Hibiscus Petroleum Bhd, Guan Chong Bhd, Sunway Construction Group Bhd (SunCon), Power Root Bhd and Boustead Plantations Bhd.