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KUALA LUMPUR: The FBM KLCI ended the day higher on Thursday, bucking the trend as other regional indices edged down while the ringgit held its ground against the US dollar.
Stocks on Bursa Malaysia ticked higher and kept the FBM KLCI on course for its best close since early June 2022.
At the midday break on Friday, the benchmark index had gained 0.06% or 0.99 point to 1,546.48. The index earlier rose to a high of 1,551.15.
KUALA LUMPUR (Feb 9): While the Water Rabbit symbolism is associated with Yin Water or Gui element that is similar to mist, rain or snow, and is thought to bring a gloomy year, the FBM KLCI seems to have shrugged off this element towards the end of the Chinese lunar calendar year.
GEORGE TOWN (Feb 7): Although Penang has raised its water tariff, it is still the second-lowest average domestic tariff in Malaysia after Terengganu, said Penang Water Supply Corp (PBAPP) chief executive officer K Pathmanathan.
THE water tariff hikes across Peninsular Malaysia and Labuan, which have been approved by the National Water Services Commission (SPAN), come with specific key performance indicators (KPIs) that the state water operators will have to meet.
This is to ensure that the water supply service...
WITH a water tariff hike set to take place soon, water-related stocks have been on investors’ radar. But given that most have enjoyed a price surge in the past few months and the tariff adjustment catalyst has already been priced in, analysts say the upside for these counters is limited for now.<...
With the National Water Services Commission’s (SPAN) confirmation that the water tariff re-rating is set to come into effect on Feb 1, analysts are of the opinion that sector utility and piping-related counters are set to benefit.
KUALA LUMPUR: Bursa Malaysia closed broadly lower on Wednesday as investor sentiment took a hit on the increasing number of counters hitting limit down on the local bourse.
theedgemalaysia.com highlighted three stocks with positive momentum and two stocks with negative momentum at Bursa Malaysia's afternoon close on Wednesday.