Gamuda Hits Record High: Analysts Optimistic About Malaysia's Construction Sector

Gamuda announced the securing of an AUD 1.6 billion (MYR 5 billion) contract on Thursday. The stock price has risen by more than 80% since the beginning of the year. Analysts are optimistic about Gamuda's performance and predict that the prospects of Malaysia's construction industry will further improve in the second half of 2024.

ColumnJul 19 05:37 ET

Malaysia Closing Bell on 19 July | SDG Was the Top Gainer of FBM KLCI

SDG was the top gainer, rising 4.65 percent to close at RM 4.500. The top loser was PETGAS, losing 1.73 percent to end at RM 18.200.

Moomoo NewsJul 19 05:31 ET

Malaysia Closing Bell on 18 July | PPB Was the Top Gainer of FBM KLCI

PPB was the top gainer, rising 2.46 percent to close at RM15.000. The top loser was PMETAL, losing 8.18 percent to end at RM 5.500.

Moomoo NewsJul 18 05:28 ET

Bursa Malaysia KLCI Index Soars to Three-Year Peak, What's Next?

Among these constituent stocks, the top 10 performers have seen gains of over 19% this year, with Sunway leading the way with a 100% increase, followed closely by YTL Group with a gain of over 90%. In terms of sector performance, the construction sector is leading the way.

ColumnJul 18 05:08 ET

Malaysia Stocks Surge As AI Building Boom Fuels Longest Rally In 13 Years

Malaysian equities are on a tear led by builders and suppliers on the back of an AI-driven data centre boom, putting a long-overlooked market back on the radar of global investors. Malaysia's benchmark KLCI is hovering near three-and-a-half-year highs and up five quarters in a row, its longest streak in 13 years.

Business TodayJul 18 04:24 ET

Malaysia Targets 5% Approved Investment Growth This Year

Minister of Investment, Trade and Industry Tengku Datuk Seri Zafrul Abdul Aziz said Malaysia is aiming for a 5% growth in approved investments in 2024.

Business TodayJul 18 04:17 ET