MY Morning Wrap | Foreign Investors Returned to Bursa Malaysia Last Week, Says MIDF

The tech-heavy $Nasdaq Composite Index(.IXIC.US)$ rebounded from a 1.2% decline on Friday, by adding back 1.2%. The $S&P 500 Index(.SPX.US)$ rose 1.1%, and the $Dow Jones Industrial Average(.DJI.US)$ gained 314 points, or 0.9%.

$PMBTECH(7172.MY)$ : PMB Technology Bhd is disposing of a 56,656 sq m leasehold land in Klang for RM36.59 million. Following the disposal of the land to Ong Saut Mee, a Malaysian citizen, the group is expected to have a one-off net gain of RM25.75 million, said PMB Technology. The group has proposed to use the proceeds largely to finance its working capital.

$DXN(5318.MY)$ : Health and wellness direct selling company DXN Holdings Bhd on Monday entered into a memorandum of understanding (MOU) with a unit of European Wellness Biomedical Group to explore collaboration opportunities in establishing wellness centres together. DXN said the MOU was signed with a British Virgin Islands unit called European Wellness Centers Inc (EW), which is based in Hong Kong, and deemed to be the Asia-Pacific arm of European Wellness Biomedical Group.

$SWIFT(5303.MY)$ : Swift Haulage Bhd is keen to be the first logistics player to transition its fleet to renewable-powered trucks, as it commits to procure only electric prime movers or trucks powered from 2030 onwards. Notably, Swift is the country's largest haulier and a leading integrated logistics service provider with a fleet of over 1,500 prime movers. The move was in conjunction with the official launch of Swift's green logistics division at the Malaysia International Trade and Exhibition Centre (Mitec). The launch represents a significant step by Swift towards sustainable and environmentally conscious logistics solutions.

$KNM(7164.MY)$ : Following KNM Group Bhd's extraordinary general meeting (EGM) on Monday, the group's chairman, Tunku Datuk Yaacob Khyra, has won the majority support of shareholders to continue with his leadership and deliver on his turnaround strategy.