MM Computer Systems IPO oversubscribed 42.12 times ahead of ACE Market listing
KUALA LUMPUR: MM Computer Systems Bhd's (MMCS) initial public offering (IPO) has been oversubscribed by 42.12 times ahead of its listing on the ACE Market of Bursa Malaysia, slated on June 11, 2026.
FBM KLCI extends losses amid weaker regional markets, cautious sentiment
KUALA LUMPUR: The FBM KLCI remained under pressure on Thursday as investors returned from the public holiday to a broadly weaker regional market, with cautious sentiment prevailing during the final stretch of the corporate earnings season.
Asian stocks slip from records as US-Iran strikes jolt markets
ASIAN emerging market stocks retreated from record highs Thursday as U.S. and Iranian air strikes intensified fears of escalating conflict and oil flow disruptions through the Strait of Hormuz.
Bursa Malaysia lower at midday amid weaker regional market performance
KUALA LUMPUR: Bursa Malaysia eased at midday today, tracking weaker regional performance as investors remained cautious over potential de-escalation in West Asia.
US yields rise as oil jumps on fresh strikes in Middle East
SINGAPORE: U.S. Treasury yields edged higher on Thursday, as renewed hostilities in the Middle East sent oil prices surging and kept investors worried about the global outlook for inflation.
Asia shares take a breather as Gulf hostilities drag on
SYDNEY: Asian shares turned hesitant on Thursday as news of a fresh U.S. military strike in Iran challenged investor optimism on a near-term peace deal, while U.S. inflation data loomed as a threat for bonds and interest rates.
Rebound on Bursa Malaysia fizzles as Middle East conflict remains unresolved
KUALA LUMPUR: An early rebound on Bursa Malaysia on Thursday was short-lived as profit-taking took hold within minutes of the opening bell following the stock exchange's return from the Hari Raya Haji break.
Wall Street hits record highs as AI rally pauses
Rising healthcare and consumer stocks lifted the Dow Jones Industrial Average on Wednesday to a record closing high, while the S&P 500 and the Nasdaq were steady, as investors took a pause from the AI-led rally while cautiously watching Middle East peace talks. Fractional gains were enough to push the S&P 500 index and Nasdaq to closing record highs for the second day in a row.
Goldman strategists lift S&P 500 target to 8,000 on AI
Strategists at Goldman Sachs Group Inc joined peers at Morgan Stanley and Deutsche Bank AG in seeing a 17% return for the S&P 500 Index this year.
Selective buying prospects
Opportunities for bargain hunting are beginning to emerge on Bursa Malaysia following the latest bout of profit-taking on the benchmark FBM KLCI.
