Capital markets news | Tue 6 Aug 2024
Equity and property markets
- Foreign investors net buy RM242.1m last week Edge NST Star
- Bursa suspends intraday short selling of 22 stocks amid selloff Edge Mail Star
- WCT intraday short-selling suspended as shares hit 1-month low Edge
- Bursa fundamentals strong, global equities rout due to overreaction Edge
- Worst over for EMS sector, valuations may not be attractive Edge
- Carsome explores listing options Star
- China stocks buck global sell-off as services activity rises NST
- Huawei spin-off Honor gets strong state backing for IPO Edge
- US banks tumble as weak economic data sparks recession fears Edge
- Hedge fund investor appetite wanes for high fees private credit Star
Debt and money markets
- Outlook stable on Malaysian insurance and takaful sector RAM
- Ireka ordered to pay RM6.53m plus costs to RHB over default Edge
- Ringgit gains most against US dollar in 9 years Edge Mail Star
- OPR expected to stay at 3% by end-2025 even if US cuts rates Edge
- Lenders to India’s Go First vote to liquidate airline Edge
- Indian rupee collapses to lifetime low on outflow worries Mail
- Japanese yen surges to 7-month high as US economy worries mount Star
- Apec businesses propose new climate bonds, carbon credit network Edge
- European credit default swap index jumped 60bps Edge
- Central bank dam burst may see dash from cash Star
Projects and business
- Jati Tinggi bags RM33.8m EPCC sub-contract from Gamuda unit Edge Star
- Port of Tanjung Pelepas handled 1.11m TEUs in Jul Edge NST Star
- Sasbadi bags RM11.71m textbook contracts from MOE Edge NST Star
- Plytec bags RM22.1m shoring system contracts Star
- Merchantrade approved as issuer for wage payments NST
- MAS maintains 30% shares in Brahim’s, plans flight kitchen NST
- Berjaya Food gets Starbucks rights in 3 Nordic countries Edge NST Star
- Evergrande seeks to recover USD6b from founder Hui, others Edge
- Infineon to cut 1,400 jobs, relocate 1,400 others Edge
- Russia plans international seamless railway connection Star
Economy and market news
- Malaysia’s digital investment soars to RM66.22b in 1H Edge
- Malaysia’s growth to moderate in 2H as external risks rise Edge Mail
- Economy not overheating, elevated inflation to persist Edge
- Malaysia currently in 3rd investment upcycle Edge
- Infra investment key to sustaining growth, FDI Star
- China, UAE to invest USD20b in Sarawak RE Star
- 136,453 F&B premises deliver RM99b gross output Edge Mail Star
- Indonesia’s GDP growth 5.05% in 2Q Star
- Thailand moves closer to legalising casinos Star
- China’s tech advances boon for enterprises worldwide Star
- China’s Caixin services PMI up to 52.1 Star
- China’s economy keeps gliding on just one engine Star
- Hong Kong to expand market outreach in 2H Star
- Bank of Japan made hawkish tilt, debated inflation risk in Jun Star
- US dockworkers to meet next month on strike plan Star
- USD1t time bomb ticks in US housing market Star
- German carmaker mood darkens on slowing EV shift, China slump Edge
- Eurozone’s growth laggard Germany has cheery consumers Star
- Reasons unknown for Libya’s shutdown of its biggest oil field Star
