Malaysia Market Highlights - 18 Sept, 2015

Market Highlights

• Malaysian share prices opened opened lower today in line with its regional peers as US Federal Reserve's (Fed) decision to maintain key interest rate renewed concerns about the global growth outlook.

• The FTSE Bursa Malaysia Kuala Lumpur Composite fell 2.51 points to 1,679.03.There were 216 gainers, 172 decliners and 206 counters unchanged. 

• The ringgit opened higher against the US dollar today as more investors shifted interest towards emerging currencies, including the ringgit,A haze that’s engulfed parts of the world’s biggest oil palm-growing region in South-East Asia threatens to stunt fruit growth and disrupt harvesting during the peak production season.

• Hong Leong Investment Research has kept a Hold call on Glomac with a target price of 86 sen, as it expects the property outlook in near term remains uncertain given the weak sentiment post GST coupled with tightening loan approval from banks.

•  UEM Sunrise Bhd has revised its fund raising scheme after taking into account current weak market condition and its depressed share price.

• Titijaya land Bhd unit Liberty Park Development Sdn Bhd has secured a money lending licence from the Urban Wellbeing, Housing and Local Government Ministry.

• Gas Malaysia Bhd has agreed on the terms for the construction of gas distribution pipeline and metering facilities for the supply of natural gas to Honda Malaysia Sdn Bhd (HMSB).

• Brahim's Airline Catering Holdings Sdn Bhd (BACH) has signed a termination agreement with Malaysia Airline System (MAS) to end the existing shareholders' agreement between Brahim's Airline Catering Sdn Bhd (BAC), it and MAS.