Malaysia Market Highlights - 14 Sept, 2015

• Malaysian share prices opened higher but turned easier thereafter as traders turned cautious and stayed on the sidelines.

• The FTSE Bursa Malaysia Kuala Lumpur Composite was 1.48 points easier at 1,602.12 after opening 0.092 of a point higher at 1,605.14.

• The ringgit continued last week uptrend momentum to open higher against the US dollar supported by buying interest for the local note.

• Berjaya Food Bhd’s net profit rose 1.73% to RM6.11 million for the first quarter ended July 31, 2015 against RM6.0 million in the previous corresponding period.

• Genting Malaysia Bhd, which is on track to meeting the demands that the Genting Integrated Tourism Plan (GITP) will make on it next year, sees value in reclaiming the Guinness Book of Records title for operating the world’s largest hotel.

• Bank Negara Malaysia (BNM) has maintained the overnight policy rate at 3.25% as it remains accommodative and supportive of economic activity.

• Petronas Dagangan, Petronas Gas and MISC led the FBM KLCI higher in early Monday trade amid a mixed market while investors awaited measures from the government to strengthen the economy.

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