Malaysia - 05 Oct, 2015

Market Highlights

• Bursa Malaysia opened marginally higher today, led by positive buying momentum in heavyweights.

• The FTSE Bursa Malaysia Kuala Lumpur Compositethe key index rose 4.26 points to 1,633.06, after opening 0.79 point better at 1,629.59.

• The ringgit opened stronger against the US dollar today as negative sentiment over the latter helped boost demand.

• Axiata Group Bhd’s unit, edotco Group Sdn Bhd, is buying a 75% stake in Digicel Asian Holdings Pte Ltd based on an enterprise value of US$221 million (RM974.61 million) on a cash free and debt-free basis.

•  Poultry-based Lay Hong Bhd said it is in talks with a few potential foreign investors and expects to complete negotiations within a month.

• The Malaysian equity market is starting to show signs of stabilising despite the ringgit turmoil but it lacks a major catalyst for a re-rating in the immediate term, said Eastspring Investments Bhd general manager of investment service Yvonne Tan.