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Historic step made to transfer housing, capital and infrastructure services on Saskatchewan reserves to First Nations control

Bursa Malaysia slightly higher at mid-morning | Money

Bursa Malaysia slightly higher at mid-morning | Money
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Bursa Malaysia retreats at opening | Money

Friday, 07 May 2021 09:56 AM MYT At 9.10am, the benchmark index FTSE Bursa Malaysia KLCI (FBM KLCI) lost 4.65 points to 1,573.68 from yesterday s close of 1,578.33. Picture by Azneal Ishak Subscribe to our Telegram channel for the latest updates on news you need to know. KUALA LUMPUR, May 7 ― Bursa Malaysia started the day in volatile trading but the key index remained above the 1,570 level as sentiment was weighed by the positive global market amid mild profit-taking on the local front. At 9.10am, the benchmark index FTSE Bursa Malaysia KLCI (FBM KLCI) lost 4.65 points to 1,573.68 from yesterday s close of 1,578.33. The index opened 0.34 of-a-point higher at 1,578.67.

Niche Capital to venture into gold mining business in Kelantan

KUALA LUMPUR: Jewellery trader Niche Capital Emas Holdings Bhd is planning to venture into the gold mining business. The company told Bursa Malaysia on Wednesday that it has entered into a Joint Venture Agreement (JVA) with Spate Precious Metals Sdn Bhd to undertake a gold mining project in Tanah Merah, Kelantan. The group said it has been given access, through the JVA, to mine on an area measuring approximately 50 hectares which is part of the 547.4 hectares Sokor North area. The Group will undertake further exploration studies on the Mining Area to identify specific mineral deposits areas. Barring any unforeseen circumstances, the Group expects its Mining Business to contribute towards its earnings in 4th quarter 2021, it said.

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