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Bursa Malaysia Reverses Earlier Gains To End Lower, Dragged By Losses In Telco, Banking Stocks

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, June 3 (Bernama) -- Bursa Malaysia’s benchmark index reversed earlier gains to end lower on Wednesday, weighed down by losses in telecommunications and banking sectors, despite a broadly positive performance across Asian markets.

Expereo Report: Firms Rush Into AI Investment Amid ROI Concerns

KUALA LUMPUR, June 3 (Bernama) -- Expereo, a managed Network as a Service provider, stated that enterprise artificial intelligence (AI) spending is rising rapidly as organisations race to deploy the technology faster than they can assess its effectiveness.

Japan Life Insurers’ Reinsurance Use More Than Doubled Since 2020 - AM Best

KUALA LUMPUR, June 3 (Bernama) -- Japan’s life insurers have increasingly relied on reinsurance in recent years, with the overall cession rate as a percentage of total gross premium written for the segment rising to more than 24 per cent in 2023 and 2024 from just under 10 per cent in 2020, according to a new AM Best report.

PetDag Among Top Gainers despite Lower 1Q FY2026 Net Profit

KUALA LUMPUR, June 3 (Bernama) -- Shares of Petronas Dagangan Bhd (PetDag) emerged as one of the top two gainers in early trading today, despite the company reporting a lower net profit for the first quarter ended March 31, 2026 (1Q FY2026).

Ringgit Softer Against US Dollar, Firmer Versus Other Currencies

KUALA LUMPUR, June 3 (Bernama) -- The ringgit opened slightly lower against the US dollar on Wednesday as better-than-expected United States (US) economic data and uncertainty in West Asia kept the greenback ticking higher.

TNB Builds Smarter Energy Future Through AI, Workforce Synergy 

KUALA LUMPUR, June 2 (Bernama) -- Tenaga Nasional Bhd (TNB) views the rise of artificial intelligence (AI) not as a replacement for talent, but as a powerful tool to strengthen human decision-making as the utility advances its digital transformation journey toward Net Zero 2050.

Gold Futures Close Higher, Supported By Weaker US Dollar

KUALA LUMPUR, May 29 (Bernama) -- Gold prices traded higher today as a weaker US dollar lent support to bullion prices, analysts said.

Ringgit Ends Higher Against US Dollar On Renewed Risk Appetite

By Rosemarie Khoo Mohd Sani

KUALA LUMPUR, May 29 (Bernama) -- The ringgit ended the week higher against the US dollar on Friday, supported by renewed risk appetite following reports of a possible reopening of the Strait of Hormuz, a key global oil shipping route.

Late Selling Drags Bursa Malaysia To Close Marginally Lower

By Danni Haizal Danial Donald

KUALA LUMPUR, May 29 (Bernama) -- Bursa Malaysia reversed earlier gains to close marginally lower on Friday, pressured by late selling in blue-chip stocks as investors turned cautious amid ongoing geopolitical uncertainties in West Asia, which continued to dampen market sentiment.

Rubber Market Ends Sharply Higher, Hits New 2026 High On Regional Gains

By Muhammad Fawwaz Thaqif Nor Afandi

KUALA LUMPUR, May 29 (Bernama) -- The Kuala Lumpur rubber market ended sharply higher on Friday, reaching a new high for 2026, a dealer said.

Gold Futures Close Lower On Softer COMEX Prices

KUALA LUMPUR, May 28 (Bernama) -- Gold futures on Bursa Malaysia Derivatives closed lower today, following a decline in COMEX prices.

Ringgit Ends Lower Against Greenback As Geopolitical Concerns Persist

By Rosemarie Khoo Mohd Sani

KUALA LUMPUR, May 28 (Bernama) -- The ringgit closed lower against the US dollar on Thursday, as escalating geopolitical tensions in West Asia increased demand for the greenback amid heightened risk aversion.