Taking centre stage this week is the upcoming gross domestic product data from China as it releases its GDP report for the first quarter (1Q) and activity data for March.
KUALA LUMPUR: There could be increased trading in stocks with recent corporate announcements including Harn Len, Ireka, Serba Dinamik, Destini and JAKS Resources, said Apex Research.
KUALA LUMPUR: Harn Len Corp Bhd has entered into a conditional share sale agreement with Datuk Mohamed Nizam Mohamed Jakel, the group chief operating officer of Jakel Group, for the proposed acquisition of 100% equity interest in Almal Resources Sdn Bhd for RM54.72mil.
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%.